Pickups drive GM’s profit beat By Reuters


By Nick Carey and Ben Klayman DETROIT (Reuters) – General Motors Co (N:) posted a better-than-expected net profit on Thursday as high-margin pickup trucks, SUVs and crossovers helped overcome slowing sales in the United States and China, and reiterated its full-year earnings forecast. GM shares gained 3.3% to over aRead More →

Daimler cuts profit expectations on diesel issues By Reuters


© Reuters. The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin FRANKFURT (Reuters) – Daimler has cut its earnings outlook for this year after lifting provisions for issues related to diesel vehicles by “a high three-digit million euro amount”, the carmaker said on Sunday. Group earningsRead More →