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May 10th 2017, 7:42 pm
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Tuesday that it's too early to tell exactly what will happen with a border tax. CEO Mary Barra, a member of Trump's council of business leaders,cheap pandora rings for sale, said she has explained the complexity of the auto industry to the president, detailing its long decision-making times for picking parts suppliers and locating factories. "If there are shifts,cheap pandora earrings, they have to happen over time,cheap pandora bracelets for sale," she said. Still, the uncertainty pushed GM's shares down $1.80, or 4.9 percent, to $35.03 in midday trading Tuesday. GM's full-year net profit fell just under 3 percent, but it reported a record pretax profit of $12 billion in North America. That means big checks for most of the 52,000 union workers, who will get $12,cheap pandora jewelry,000 each, costing the company $624 million. That's up from $11,cheap pandora jewelry,000 last year. GM said Tuesday that it made $6 per share for the year. Without special items it made $6.12, beating Wall Street expectations by a dime,cheap pandora charms for sale, according to a survey by FactSet. Despite looming issues, GM estimates it will earn a pretax profit this year in a range from $6 to $6.50 per share. Johnson wrote that he's "somewhat skeptical" of GM's full-year guidance. Edward Jones analyst Jeff Windau gives GM shares a "hold" rating but also thinks the company's optimism for 2017 is justified. GM, he said, is on track to cut costs by $6.5 billion per year by 2018, over 2014 levels. Although the company is spending heavily on new technology such as electric and autonomous cars, it's also making a lot of money
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