GM higher after guidance update

|By:, SA News Editor

General Motors (NYSE:GM) updates guidance ahead of a presentation at a Deutsche Bank auto conference in connection with the Detroit Auto Show.

The automaker forecasts 2018 results will be "largely in line" with expected 2017 results. Continued strength in North America and China is expected, along with improvement in South America, additional growth in adjacent businesses including GM Financial and continued cost efficiencies.

The company sees 2017 EPS of $6.00 to $6.50 vs. $6.29 consensus.

GM +1.11% premarket to $44.55.

SEC Form 8-K

#DetroitAutoShow18

Subscribe for full text news in your inbox