Reported about 16 hours ago
General Motors (GM) shares rose significantly, the most in five years, following an optimistic profit forecast bolstered by strong sales of gas-powered trucks and SUVs. The automaker expects adjusted earnings for 2025 to range between $12 billion and $13 billion, an increase from its earlier estimates, largely driven by improved demand and tariff relief. Although the projection is lower than its initial guidance earlier this year, GM CEO Mary Barra expressed gratitude for ongoing tariff support and highlighted strong sales performance in the North American market.
Source: YAHOO