Increased sales of pickups and SUVs helped fuel GM’s record earnings for 2015.
The automaker reported today that its 2015 earnings before interest and tax increased to an impressive $10.8 billion, or $4.3 billion more than 2014.
“It was a strong year on many fronts, capped with record sales and earnings, and a substantial return of capital to our shareholders,” said Chairman and CEO Mary Barra. “We continue to strengthen our core business, which is laying the foundation for the company to lead in the transformation of personal mobility. We believe the opportunities this will create in connectivity, autonomous, car-sharing and electrification will set the stage for driving value for our owners for years to come.”
Combined, GM’s Chevrolet Silverado and GMC Sierra topped 824,683 sales last year, according to Autodata Corp. By comparison, Ford sold about 44,000 less F-Series pickups in the U.S.
GM’s new midsize pickups, the Chevy Colorado and GMC Canyon, enjoyed increased market popularity and had nearly 115,000 combined sales for 2015.