GM Jumps On Surprising 2018 Beat And Boosted 2019 Outlook

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General Motors shocked what has been an anemic industry with an ugly projected outlook for 2019 when it came out Friday morning and not only stated that its 2018 earnings were going to exceed expectations, but also that its guidance for 2019 is better than it had already anticipated.

GM shares jumped over 9% on the company announcing it expected to report 2018 adjusted earnings of between $5.80 and $6.20 a share and adjusted automotive free cash flow of $4 billion.

Even stranger, the company’s CEO, Mary Barra, stated that strong sales in China were acting as a catalyst for the company. On Wednesday we reported that China

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