Reported about 10 hours ago
General Motors (GM) shares surged 8% after the company raised its full-year profit outlook, now projecting EBIT between $12 billion and $13 billion, driven by improved tariff exposure. Despite mixed third-quarter earnings, GM's net revenue reached $44.26 billion, slightly below estimates, while it reported strong vehicle sales and improved profitability. CEO Mary Barra credited recent tariff updates from the government that will enhance US vehicle competitiveness and indicated positive signs for GM's domestic manufacturing investments.
Source: YAHOO