General Motors’ best bet for 2013 may also provide the Obama administration an exit ramp for its $50 billion investment in the largest U.S. automaker.
With Thursday’s unveiling of its first redesigned Chevrolet Silverado full-sized pickup since 2006, GM aims to take Ford head-on with new trucks that could help boost its share price, encouraging the U.S. government to sell its stake. GM’s Silverado and GMC Sierra pickups, mechanically similar models that combined to made up 23 percent of the Detroit-based automaker’s U.S. sales last year, generated an estimated 16 percent of the company’s global earnings before interest and taxes this year, and the redesigned versions could boost EBIT by more than $1 billion in 2013.
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