Mary Barra

GM is motoring as profit jumps 34 pct on US truck, SUV sales

People are buying more SUVs and trucks and paying General Motors handsomely for them, pushing the company's first-quarter net income up 34 percent to a record $2.6 billion.

U.S. sales of large truck-based SUVs such as the Chevrolet Tahoe rose nearly 15 percent for the quarter to almost 54,000. Pickup truck and van sales were up 1 percent to 238,000, and sales of smaller SUVs rose 16 percent to nearly 219,000, according to GM.

Analysts say GM makes $10,000 or more on each big SUV and pickup as people load them out with options.

The average Tahoe, for instance, sold for more than $58,000 in the past quarter, up slightly from a year ago, according to Kelley Blue Book....