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General Motors posts $ 2.3 billion profit in The first quarter of 2019


General Motors posts $ 2.3 billion profit in the first quarter of 2019



General Motors posts $ 2.3 billion profit in The first quarter of 2019

Lightweight truck sales of the Chevrolet Silverado and GMC Sierra 2019 rose by 20 percent in the first quarter of 2019 compared to the same period last year, taking advantage of GM's strategy to launch high-end, high-yield trucks.


The all-new dual-compartment trucks have achieved transaction prices of about $ 5,800 higher than the previous models (according to the J.D. Power PIN report for the first quarter of 2018).

The GMC Sierra 2019 is the market leader in terms of pricing, with luxury models dominating more than 95% of its sales. The full production of the two truck classes from a regular and double cabin began in March as planned.


GM will begin the next phase of the launch of a full-size pick-up truck in the second half of this year, with the launch of the Chevrolet Silverado and GMC Sierra 2020 HD. These trucks will be built at the Flint vehicle assembly facility, which has seen the addition of 1,000 new jobs and increased production capacity to meet expected demand.


General Motors posts $ 2.3 billion profit in The first quarter of 2019
General Motors posts $ 2.3 billion profit in The first quarter of 2019

Net revenueIncomeCash flow from operating activitiesEarnings per share
Accounting Principles (GAAP)34.9$ billion2.1$ billion2.2$ billion1.48$
Compared to the first quarter of 2018(3.4%)93.2%(1.1)$ billion+ 92.2%
 EBITDA marginEBITDA adjusted profitFree adjusted cash flowAdjusted earnings per share
Other than conventional accounting principles(Non-GAAP)6.6%2.3$ billion(3.9)$ billion1.41$
Compared to the first quarter of 2018(0.6) point(11.5)%(0.6)$ US billion (1.4)%


General Motors posts $ 2.3 billion profit in The first quarter of 2019
General Motors posts $ 2.3 billion profit in The first quarter of 2019

Continuous investment in manufacturing processes in the United States


GM is committed to investing heavily in US manufacturing operations. The company has invested $ 22 billion in the United States from 2009 to date, including $ 4.3 billion since the beginning of 2017.

In March, the company announced a $ 300 million investment in its assembly facility in Oregon, Michigan, to produce a future Chevrolet electric vehicle based on the electric EV bulb structure, adding 400 new jobs at the facility.

The company is also making another transformation that will add more than 400 new jobs at its plant in Bowling Green, Kentucky, to support the production of the next generation of Corvette. GM has invested more than $ 900 million in the Bowling Green plant since 2011.

General Motors is also committed to providing employment for all its 2,800 employees working in the United States, who have been affected by the company's decision to stop operations at some of its facilities.

More than 1,200 of them have agreed to work in jobs at other GM facilities that support growth sectors, including trucks, crossovers, and SUVs.


General Motors posts $ 2.3 billion profit in The first quarter of 2019
General Motors posts $ 2.3 billion profit in The first quarter of 2019

Cadillac adds a CT5 to its lineup


In March, Cadillac unveiled its first sedan, the CT5, which exemplifies Cadillac's unique experience in building a sedan of exceptional American performance.

The new sedan will be offered in luxury and sports categories, giving customers more choice in appearance and character, and some models of this car will be launched in 2020 with Super Cruise, the world's first hands-free assistant driver.

The CT5 will be produced for North American customers at the General Motors facility in Lansing Grand River, which has previously invested $ 211 million to build the next generation Cadillac sedan, retaining 1,400 jobs.

The Cadillac XT4 compact SUV, built in the United States, continues to be the leader in its class, with two-thirds of its sales coming from new customers who first deal with the brand.

In addition, the new all-new Cadillac Crossover XT6, unveiled earlier this year in the United States, will be launched later in 2019.

General Motors posts $ 2.3 billion profit in The first quarter of 2019
General Motors posts $ 2.3 billion profit in The first quarter of 2019


Highlights of US sales in the first quarter


GM delivered more than 665,000 cars in the first quarter in the United States. With sales of trucks, SUVs and crossover SUVs, which accounted for more than 80% of total sales, the company achieved the highest average transaction prices compared to any quarter in its history.

The Chevrolet Trax, Equinox, and Colorado recorded record sales during the first quarter, and the GMC Acadia saw its best quarter ever. Buick Inclef's sales rose 28% year on year.

GM updates China


General Motors and its joint ventures delivered about 814,000 vehicles in China in the first quarter of 2019.

The company will offer a strong product lineup of about 20 new and up-to-date models in 2019. The first quarter of the year saw Chevrolet launch the Monza and unveiled the first model of the new global family of Chevrolet Onyx.

In April, the Bahujan RS-5 was launched for sale, and the Tracker and Trailblazer SUVs from Chevrolet, Angkor and Anchor GX from Buick and Cadillac XT6 were unveiled at the Shanghai Motor Show.

GM also strengthened China's commitment to an emissions-free future. Buick recently launched the VELITE 6, the first electric car for the brand. The car will allow the company to take advantage of the rapidly growing demand for new power cars.


General Motors posts $ 2.3 billion profit in The first quarter of 2019

General Motors posts $ 2.3 billion profit in The first quarter of 2019

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