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GM reports a $3 billion quarterly profit
GM reports a $3 billion quarterly profit despite US sales drop, China losses and its stock surges
U.S. sales are down and a once-reliably profitable joint venture in China is losing money, but General Motors still managed to post a third quarter profit of $3 billion Tuesday, slightly less than it made a year ago.
GM reports a $3 billion quarterly profit despite US sales drop, China losses
The Detroit automaker reported $48.8 billion in revenue from July through September, 10 percent more than last year, aided by US average vehicle sale prices that were steady with last quarter at over $49,
General Motors overcomes US sales drop and China losses to post quarterly profit of $3 billion
U.S. sales are down and a once-reliably profitable joint venture in China is losing money, but General Motors still managed to post a third quarter profit of $3 billion Tuesday, slightly less than it made a year ago.
GM posts $3B third-quarter profit despite China losses
U.S. sales are down and a once-reliably profitable joint venture in China is losing money, but General Motors still managed to post a third quarter profit of $3 billion.
GM Authority
10m
Poll: Should GM Bring The Buick GL8 Luxury Van Stateside?
The Buick GL8 is a luxury minivan available exclusively in China. Should General Motors bring it to the U.S. to make the ...
18h
on MSN
GM’s profit nears a record a year after saying it couldn’t afford its workers’ pay demands
General Motors reported much stronger than expected third-quarter earnings and gave an outlook that puts it on the path for ...
autobodynews
9h
GM Profits Soar Amid UAW Pay Hikes, Despite China Decline
GM CEO Mary Barra attributed the company's Q3 earnings results to "above-average pricing, well-managed inventories and ...
1h
on MSN
GM’s Stock Soars on Steady Profits, Rosier Full-Year Outlook
General Motors Co. signaled solid US demand for its highest-margin vehicles even as the broader market softens, posting ...
17h
on MSN
GM reports Q3 pretax profits rose 15.5% on strong prices, cost discipline
GM reported pre-tax income rose 15.5% and revenue shot up 10% as it held its average prices high and costs in check. But ...
Automotive News
12d
GM’s sales slide 21% in Q3; electrified vehicles top gasoline models for first time
In the third quarter, GM’s two joint ventures delivered more than 224,000 full electric and plug-in hybrid vehicles, an ...
13h
GM raises guidance for third time after beating Q3 estimates—what’s driving the success?
General Motors outperformed Wall Street’s third-quarter expectations, raising its 2024 earnings and cash flow forecasts.
14h
GM tops estimates on 'remarkably' resilient consumer, shares surge
General Motors surpassed Wall Street's expectations in the third quarter, sending its shares up 8% on Tuesday thanks to a ...
16h
on MSN
GM sounds upbeat about sales after Q3 results exceed estimates
GM is targeting annual earnings at the top end of its prior forecast, and Chief Financial Officer Paul Jacobson brushed off ...
11h
General Motors (GM) Stock Trades Up, Here Is Why
Shares of automotive manufacturer General Motors (NYSE:GM) jumped 9.2% in the afternoon session after the company reported ...
16h
on MSN
GM Q3 results beat expectations as ICE sales compensate for market share loss in China
Fueled by the strength of its internal combustion engine (“ICE”) business which accounts for over 80% of its U.S. business, ...
17h
on MSN
GM says upbeat on full-year earnings
General Motors continued to defy Wall Street's expectations this year, posting third-quarter results ahead of analyst ...
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