GM sees higher 2019 profits on job cuts, solid US, China sales
GM chief Mary Barra has come under fire for the company's planned layoffs, but now says the restructuring will boost profits this year (AFP Photo/Drew Angerer)/ New York (AFP) - General Motors projected strong 2019 profits Friday, fueled by savings from a deep restructuring including job cuts, and by solid sales in the United States and China. GM, which has faced criticism from President Donald Trump and other US politicians over the planned layoffs, expects $2-2.5 billion in additional profits this year due to the restructuring, pushing ...
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