Heard on the Street: GM's first-quarter results offer tentative signs that Ford is closer than it appears in the rearview mirror
General Motors has raced ahead of Ford Motor on the stock market over the past three years. First-quarter results offered tentative signs that Ford could make up lost ground.
GM reported underwhelming numbers Tuesday, prompting a drop in the stock in midday trading. Adjusted operating profits were $2.3 billion, down roughly 12% compared from the same period of 2018 despite a one-off gain from the revaluation of its $1.1 billion stake in Lyft.
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