Car buyers think big in 1Q, boosting profit at GM

April 23, 2015 4:38 PM

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Encouraged by lower gas prices, consumers in the U.S. spent big in the first quarter on vehicles that carry lots of passengers and cargo — and deliver hefty profit margins for General Motors.

The shift to pickups and SUVs helped GM record $2.18 billion first-quarter profit in North America, its most lucrative market. Tougher conditions in Europe, particularly Russia, and South America whittled GM's overall quarterly net profit down to $945 million.

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