GM rides US love for trucks; SUVs blow out Q3 profits ...Qatar

America’s love of big autos translated into blowout results yesterday for General Motors, which also benefited from recovering sales in China following a big hit amid the coronavirus pandemic. The US auto giant, which recently launched new sport utility vehicles to accompany its fleet of revamped pickup trucks, enjoyed lofty profit margins in North America, fuelled by strong vehicle pricing and tight auto inventory. Executives spoke of “pricing power” in the US, partly in the aftermath of US auto plant closures for about two months this spring due to Covid-19. Production resumed in May under strict safety protocols. “You really have this demand out there that we haven’t seen in a long time,

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GM rides US love for trucks; SUVs blow out Q3 profits ...Qatar

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