About half of that came from sales of midsize SUVs such as the Chevrolet Traverse, he said.
General Motors overcomes U.S. sales dip and China losses to post quarterly profit of $3 billion
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This year, the company expects $1.3 billion in higher labor costs and is prepared for about a $3 billion hit due to lower prices, Jacobson said.
GM made $10B last year despite autoworkers strike, but it's prepared for lower auto prices this year
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