General Motors Co on Tuesday reported a higher-than-expected quarterly profit, d...
FILE PHOTO: A General Motors sign is seen during the China International Import Expo , at the National Exhibition and Convention Center in Shanghai, China November 6, 2018. REUTERS/Aly Song/File Photo
The No. 1 U.S. automaker’s results came despite a 7 percent decline in U.S. new-vehicle sales in the first quarter, in which its pickup trucks were outsold by smaller rival Fiat Chrysler Automobiles NV. The company also had around four months supply of its Chevrolet Silverado pickup truck on the ground as of the beginning of April, a high level in a U.S. auto market that overall is expected to decline in 2019.
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