The New Chevy Silverado Will Drive Big Gains for GM

By John Rosevear – Jul 27, 2013 at 11:15AM

NYSE: GM

General Motors

Market Cap

$52B

Today's Change

(0.54%) $0.24

Current Price

$45.33

Price as of April 25, 2024, 11:16 a.m. ET

GM's new pickups -- and its other brand-new models -- should give the company's profits a big boost. Motley Fool analyst John Rosevear explains.

The all-new Chevy Silverado might be GM's most profitable product. Photo: General Motors.

This past week, General Motors (GM 0.54%) reported a $2.3 billion dollar pre-tax profit, powered by strong pickup sales at home that led to a $2 billion profit in North America alone.

It was a good result, and as GM's overseas operations continue to pick up steam, the company's bottom line should look even better in coming quarters. But as Fool contributor John Rosevear points out in this video, GM is set to make big gains at home, too -- thanks to a bunch of new models, starting with the all-new Chevy Silverado.

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Fool contributor John Rosevear owns shares of General Motors. Follow him on Twitter at @jrosevear. The Motley Fool recommends General Motors and Tesla Motors and owns shares of Tesla Motors. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.