“We believe that we’re positioned well to manage through this because we’ve taken swift actions to preserve liquidity,” CFO Dhivya Suryadevara says.
The carmaker plans to invest proceeds into transforming auto production as it readies to launch electric vehicles.
The automaker raised vehicle prices in the U.S. to a record average of more than $36,000, offsetting declining sales volumes across every brand.
The automaker has been retooling factories to prepare for the launch of new full-size pickups.
The automaker expects to return to growth in 2019 as its new range of high-margin trucks goes into production.
