General Motors is projected to gain U.S. market share over the next four years as it launches a dozen new crossovers and trucks, according to an annual report on future product plans prepared by Bank of America Merrill Lynch.
About 88 percent of GM’s car and light-truck portfolio is set to be redesigned by the 2020 model year, the annual “Car Wars” study found. GM should see its market share and profitability rise despite the “extreme skepticism of investors,” Bank of America analyst John Murphy wrote in the report. “In total, we expect product activity to support market share and pricing, proving the skeptics wrong,” he said. more ...
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