Chief Financial Officer Paul Jacobson said last month that GM is on track to reach its goal of cutting $2 billion in fixed costs by the end of this year.
General Motors lays off roughly 1,000 workers, cutting costs to compete in crowded automobile market
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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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