Automaker General Motors Co. (GM: Quote, GMM.TO) reported that it expects its global profitability to rise modestly in 2013 on an earnings before interest and tax (EBIT) adjusted basis, with improvements anticipated from each region.
“We’re launching more vehicles globally than at any time in our history and some of our most important models are targeting the two largest markets in the world – the U.S. and China”, Chief Financial Officer Dan Ammann said.
The company stated that the U.S. product renaissance will see 70 percent of GM’s portfolio completely refreshed by the end of 2013.
In 2011, GM and its joint venture partners in China began the rollout of more than 60 new or upgraded models that will hit the market there through 2015.
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by RTT Staff Writer
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