Reported about 23 hours ago
General Motors has increased its profit outlook for the year due to reduced tariff costs and lower losses from electric vehicles, resulting in a 14% surge in its shares. CEO Mary Barra acknowledged that while the company will continue to invest in EVs as a priority, near-term adoption may fall short of expectations due to regulatory changes. GM's revised annual profit expectations now range from $12 billion to $13 billion, reflecting a more optimistic stance amid strong U.S. car sales despite ongoing challenges.
Source: YAHOO