![]() Light trucks saw a 27.4 percent gain in daily sales rate, while car models posted a more modest 7.4 percent gain. GM calculates that August 2002 had one more sales day than the year-ago month, so the overall gain in sales increased 22.4 percent. sales rate as it sold 489,471 new cars and light trucks in the period. ![]() The company earned $3.23 a share in 2001.Īs for August sales, GM posted an 18 percent gain in daily U.S. The company earned 85 cents a share on that basis a year earlier.įor the year, the company expects to earn $6.10 per share, up from its earlier guidance of $5.60 a share and First Call's forecast of $5.99. That's up from its earlier guidance of 80 cents a share, and the current consensus analyst earnings-per-share forecast of 88 cents according to earnings tracker First Call. The world's largest automaker said it now expects to earn 90 cents a share in the quarter, excluding special items but including the results from Hughes Electronics unit it is in the process of selling. ( GM: up $0.20 to $45.75, Research, Estimates) to raise its earnings guidance for the third quarter and full year. The results were good enough for General Motors Corp. The industry now appears on target to top 17 million vehicles sold for the fourth straight year. Light trucks sales, which including pickups, sport/utility vehicles and minivans, gained 16.8 percent, and car sales managed a healthy 9.6 percent gain as well. ![]() vehicles sales reached 1.7 million in the month, up 13 percent from the same period a year earlier, according to sales tracker Autodata Corp. sales in August, as new incentives helped bring customers into showrooms. GM ups earnings outlook Ford sets August sales record Chrysler daily sales up 24 percent.Īutomakers posted strong gains in U.S.
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