Why General Motors Stock Is Higher Today
Shares of General Motors (NYSE: GM) were moving higher on Thursday after the company said that it will boost production of pickup trucks and now expects to beat its prior guidance for first-half earnings.
As of 1:45 p.m. EDT, GM's shares were up about 5.6% from Wednesday's closing price.
GM said that it will increase production at two U.S. factories that make pickup trucks: Its Flint, Michigan, facility, which produces heavy-duty versions of the Chevrolet Silverado and GMC Sierra, will build an additional 1,000 trucks a month; its midsize-pickup plant in Wentzville, Missouri, will deliver an additional 30,000 trucks by mid-July.
Source Fool.com
