At the first link below, the Associated Press reports that:
General Motors Corp. struggled to a $3.3 billion first-quarter loss, due in part to a weak U.S. market, a strike at a major parts supplier and plummeting sales of sport utility vehicles and pickups.
The nation's biggest automaker also cut its industrywide U.S. sales outlook for the year. The company disclosed earlier this week it was cutting production of some of its slow-selling trucks and SUVs.
By contrast, Ford Motor Company surprised the experts and posted a first quarter profit of $100 million. See second link below.
The surprising result might indicate that the long-troubled company is, as its executives have promised, back on the road to viability.
It is interesting that the $3.3 billion GM loss beat Wall Street expectations, and its share price rose while Ford stock dropped after showing a $100 million profit for the same period.
It was the Ford Explorer that carried Ford in the 90’s. Now it is the very popular Ford Edge (pictured) that is helping Ford Motor Company keep its head above water.