Steel Markets
February 9, 2015
Automotive Manufacturers Cite Trucks for Strong Q4 Earnings
Written by Sandy Williams
General Motors, Ford and Fiat-Chrysler (FCA US) all reported strong fourth quarter earnings driven by sales of trucks, SUVs and crossovers.
GM reported net income of $1.1 billion in Q4, with 669,000 vehicles sold. GM executive vice president and CFO Chuck Stevens said in GMs conference call that with “recent fuel prices and strength in full-size SUVs, full-size trucks and crossovers that mix will be a tailwind in 2015 and better than we expected back in October, again given what transpires with fuel prices.”
