Don't be fooled by GM's optimism for 2019; the shift from sedans to SUVs has left Detroit automakers with too much capacity, too much inventory and in the beginning stages of recession.
The company guided for $6.50 to $7 in adjusted EPS and adjusted automotive free cash flow $4.5 billion to $6 billion for 2019 - both above estimates. Too good to be true?
The online ordering of larger items that are generally un-deliverable by traditional carriers like UPS and FedEx has opened up a new delivery niche that larger truckers are scrambling to fight over.
Retail sales of passenger vehicles in China fell a dramatic 19% on the year, while SUV retail sales also fell 18.9% - the first drop in annual decline in over 20 years.
“Deutsche Bank has a severe talent loss problem and this bonus cut will exacerbate the problem. Focusing on top performers is not new and not the solution.”