GM sees higher 2019 profits on job cuts, solid US, China sales

General Motors projected strong 2019 profits Friday, fueled by savings from a deep restructuring including job cuts, and by solid sales in the United States and China. GM, which has faced criticism from President Donald Trump and other US politicians over the planned layoffs, expects $2-2.5 billion in additional profits this year due to the restructuring, pushing its earnings-per-share forecast well above analyst expectations. GM also said it expects 2018 earnings per share to exceed analyst expectations.

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