GM makes more than 90 percent of its profits, before interest and taxes, in its North American auto operations.
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General Motors Co. Chief Executive Mary Barra says often that the auto industry will change more during the next decade than it has in the past half-century, as she highlights how GM will keep up.For now and for years to come, GM will make money the way it did 60 years ago: By selling large vehicles built on steel frames, with V-8 engines driving the rear wheels.GM is investing billions in U.S. factories to expand production of large trucks and SUVs.Defending the V-8 truck franchise is critical to GM.The automaker has assured investors it will boost pretax profit margins to 9 to 10 percent by early in the next decade, and buy back $9 billion worth shares for the period 2015-17 .GM officials have not said how many Bolts the company will build.Compare GM's California market share to the 27.4 share, according to IHS Markit, that GM enjoys in Indiana, where people buy four-door Silverado pickups as family transportation vehicles.GM sells more than eight times that many vehicles in a month.
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