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Marketplace Morning Report

GM reports strong fourth-quarter earnings

Mitchell Hartman Feb 6, 2019
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General Motors CEO Mary Barra holds a media briefing prior to the start of the 2015 GM Annual Meeting of Stockholders at GM world headquarters June 2015 in Detroit, Michigan. 
Bill Pugliano/Getty Images

General Motors released positive fourth-quarter earnings on Wednesday. This comes just two months after the car manufacturer pledged to eliminate several car models and reduce its workforce by 14,000 jobs. GM says the planned factory closures and layoffs will save the company at least $2 billion this year. Robust pickup truck and SUV sales have helped GM weather a slowdown in the United States and China. The company also announced it will add 1,000 new jobs to a truck plant in Michigan. It’s a strategy it says will lead to a greener, more autonomous future. 

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