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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

GM's luxury brand continues to struggle; Cadillac has just two SUV models, the Escalade and the XT5, compared with at least four from rivals including Daimler AG's Mercedes-Benz and BMW.


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...