General Motors has been ratcheting up discounts on its full-size pickups over the last month, but it is telling Wall Street analysts it intends to maintain premium pricing and margins on the trucks despite a drop in volume and market share.

On Tuesday, Chuck Stevens, GM's new chief financial officer and a key member of CEO Mary Barra's executive team, was dispatched to New York to update Wall Street analysts on the automaker's financial outlook, including the performance of its big trucks.

A key message, according to analysts: GM remains focused on maintaining pricing "discipline," especially on the hugely profitable full-size pickups in a highly combustible and fluid U.S. market.

Read Article

GM Finding That Premium Pricing On Trucks Is Leads To Huge Discounts

About the Author


User Comments

Add your Comments

Images hosted in your AgentSpace can now be posted in the comments section using the following syntax (case matters): [img]IMAGE URL[/img]
Example: [img][/img]