GM: Future Is Electric but Profits Are in Pickups, SUVs

Detroit — General Motors declared that the auto industry’s future is electric just as Americans’ rekindled demand for pickup trucks, SUVs and crossovers are driving the bulk of the automaker’s profits. “The company believes the future is electric, with billions (of dollars) of investment to support an all-in-house approach to the development and manufacturing of electrified vehicles,” GM said in its annual sustainability report...

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Small, Midsize SUVs Drive April U.S. Auto Sales

Detroit — Hot sales of small and midsize SUVs drove auto sales higher last month as General Motors, Ford, Toyota, Fiat Chrysler and Nissan all reported U.S. sales gains. Several of the companies reported their best April totals in years. Overall, sales were mostly in line with analysts’ predictions of a 6 percent increase compared with a year ago. Buyers, buoyed by lower gasoline prices, flocked to crossover SUVs that handle like cars...

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