RESEARCH ALERT-Bear Stearns cuts GM profit outlook

Newswire

NEW YORK, March 20 (Reuters) - Bear Stearns said on Thursday it had lowered its full-year 2003 earnings forecast for General Motors Corp. because of weak March sales and the likelihood of further production cuts by the world's largest automaker. In a research note, Bear Stearns auto analyst Domenic Martilotti said he had cut his 2003 earnings per share estimate for GM to $5.10 from $5.25. Martilotti, who said GM's underfunded pension plan continues to be a burden on its cash and ...

Premium Content (PAID Subscription Required)

"RESEARCH ALERT-Bear Stearns cuts GM profit outlook" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Sponsored Introduction Continue on to (or wait seconds) ×