GM Profit Predicted: Modest? Disappointing?
By Michelle Krebs July 30, 2007Industry analysts expect General Motors will report a second-quarter profit -â around $639 million -- when it announces its financial results tomorrow. Some say it will be a modest profit; still others say earnings will be disappointing.
On the plus side, analysts say GM is benefiting from a high proportion of sales coming from trucks and well-equipped vehicles in North America and strong growth in emerging markets in Asia, Europe and Latin America. On the negative side, however, GM, despite successful launches of new models, is struggling for sales, market share and profits in its home market.
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