GM laying groundwork for 10 pct margins in mid-term -exec

Newswire

DETROIT, March 27 (Reuters) - General Motors Co is laying the groundwork for 10 percent margins over the next several years through "a fairly significant improvement" in both revenue and cost structure, GM North American Chief Financial Officer Chuck Stevens said. The largest U.S. automaker needs an additional $2.5 billion to $3.5 billion in earnings against its current revenue base to reach that goal, Stevens said on Wednesday during an investor conference held on the same ...

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