General Motors CEO Mary Barra said the automaker's full-year 2018 earnings exceeded its previous expectations and 2019 is looking even better, citing strong sales in China and high demand for its truck and utility vehicles in the U.S.
"From a 2018 perspective, it is not only a focus on really capitalizing on the new trucks we have out there, the light-duty trucks, but also the focus on cost reduction so it was across the board. Every element of the company," Barra told CNBC's Phil LeBeau.
The largest U.S. automaker had previously told investors it expected 2018 adjusted earnings of between $5.80 and $6.20 a share and adjusted automotive free cash flow of $4 billion. It now expects to surpass those projections and painted an even better picture of 2019, Barra said Friday.
She forecast diluted adjusted earnings per share of between $6.50 to $7 and adjusted automotive free cash flow of $4.5 billion to $6 billion for 2019.
GM's shares were up 8 percent midmorning Friday.