The New Chevy Silverado Will Drive Big Gains for GM
This past week, General Motors reported a $2.3 billion dollar pre-tax profit, powered by strong pickup sales at home that led to a $2 billion profit in North America alone.
It was a good result, and as GM's overseas operations continue to pick up steam, the company's bottom line should look even better in coming quarters. But as Fool contributor John Rosevear points out in this video, GM is set to make big gains at home, too -- thanks to a bunch of new models, starting with the all-new Chevy Silverado.
GM has had big success in China, but it might not be the best way to invest in China's auto boom. A recent Motley Fool report, "2 Automakers to Buy for a Surging Chinese Market," names the two global auto giants poised to reap even bigger gains as China's vast auto market continues to grow. You can read this report right now for free -- just click here for instant access.
The article The New Chevy Silverado Will Drive Big Gains for GM originally appeared on Fool.com.Fool contributor John Rosevear owns shares of General Motors. Follow him on Twitter at@jrosevear. The Motley Fool recommends General Motors and Tesla Motors and owns shares of Tesla Motors. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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