Reported about 1 month ago
General Motors has exceeded Wall Street's forecasts for the third quarter, bolstered by robust sales of gasoline-engine trucks and SUVs. The company anticipates annual earnings at the high end of its previous guidance, predicting a pretax profit between $14 billion and $15 billion. Despite a downturn in operations in China, GM's strong pricing and consumer resilience remain pivotal. The automaker's shares rose in pre-market trading following the announcement, reflecting investor confidence amid concerns about interest rates and competitive electric vehicle markets.
Source: YAHOO