-- General Motors Co.’s profit surged 60% from a year ago, easily beating Wall Street’s expectations on strong demand for gas-powered trucks in the US. The automaker’s stronger-than-expected performance comes mostly from its US business, where demand for pickup trucks and SUVs — along with a slowdown in sales growth of electric vehicles that lose money at current volumes — …
LOS ANGELES — General Motors’ net income declined in the first quarter, as the automaker sold fewer cars and trucks worldwide, although higher prices helped boost revenue, especially in North America. GM late Tuesday reported net income of $2.94 billion, or $1.35 per share, versus a profit of $3.02 billion, or $2.03 per share, in the same quarter last year. …
