Suryadevara will succeed Chuck Stevens come September 1.
The increase in raw material prices will cost GM $1 billion in profits in 2018.
A two-fold increase in sales volume and profitability over the next four years.
A major undertaking for equally major benefits.
To reduce exposure to future losses on residual values.
GM expects U.S. new vehicle sales to be lower industry-wide.
GM wants to emulate Silicon Valley with its investments in driverless cars.
The developments foreshadow impending job cuts and decreased profitability.
The automaker is set to report its Q316 earnings on Tuesday, October 25th.
A record quarter in revenue and earnings.
What would happen in case of another downturn?
The biggest opportunity is in the United States.
The new facility amends the automaker’s existing revolving credit facility of $12.5 billion.
GM lost $100 million in the region in the first quarter of 2016.
The automaker is working to manage the risk.
Turning the division around has been an uphill battle, but it seems to be paying off.
Earnings per share was $1.24, up 121.43 percent year-over-year.
And fluff its bottom line further.
Earnings per share diluted was $3.92, up 493% compared to Q4 2014.
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