Photo: 
AFP
In the pink, Cadillac aside: GM’s results

Most of the headlines that General Motors attracted last year involved recalls. GM’s annual results, due today, are nonetheless expected to show that the carmaker had a good 2014. GM fell just short of selling 10m cars worldwide in 2014, a figure surpassed only by Japan’s Toyota, which reported strong third-quarter figures today, and Germany’s Volkswagen. Its American rivals, Ford and Chrysler (now merged with Fiat), are trailing in the dust. Even so, GM can only envy the two market leaders. Despite Toyota’s own recall troubles, the weak yen and tight cost-control have allowed it to raise its profit forecast. VW earns much more money in car-hungry China, thanks to the popularity and profitability of Audi, its premium division; GM’s struggling luxury brand, Cadillac, lags far behind. Still, GM should join the “10m club” in 2015—even though America’s car market is nearing a peak and China’s shows signs of cooling.

Feb 4th 2015
Continue reading today's edition
Download the app here. Five stories, six days a week, straight to your iPhone or Android smartphone.
Sign up to our newsletter
Receive Espresso via e-mail. Digital subscribers can sign up for daily delivery of Espresso direct to their inbox.