GM: On the Road to Recovery?

Is GM finally turning a corner? Fueled by deep discounts, sales for the troubled automaker surged 47% in June. But that prompted Chrysler and Ford to offer generous incentives too, setting the stage for a brutal price war. GM is also banking on redesigned SUVs to lift sales, despite a shift in consumer sentiment away from the gas guzzlers. High profit margins on SUVs are critical to GM's bottom line. But just 34% of shoppers are now considering an SUV, a three-year low, according to a recent survey by Kelley Blue Book. Sales of fuel-saving hybrids, meanwhile, are expected to zoom...

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