GM sees profitable, steady car sales
Carmaker has a wave of new, high-margin sport utility vehicles coming to market in the next few years
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Southfield
GENERAL Motors Co (GM) generates US$1 billion in pre-tax profit a month. Yet, the stock market seems unimpressed, assigning the company a market value of just US$50 billion.
So why are GM shares so cheap? It's one of the more vexing questions Dan Ammann, the company's president, faces every day. The Detroit carmaker posted record profits last year, will be close to that level this year and is putting the pieces in place for a run at more growth in 2017, Mr Ammann said in New York.
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