A very strong quarter at General Motors is overshadowed by potential headwinds for industry
U.S. customers who bought a new General Motors vehicle last quarter paid an average of just under $49,900, a price that helped push the companyโs net income 15% above a year ago.
General Motors reports strong first-quarter profits as prices help offset small US sales dip
Despite a small dip in U.S. vehicle sales, General Motorsโ first-quarter net income rose more than 25% on strong deliveries of pickup trucks and other higher-profit vehicles.
Strikes trim profit at GM in an otherwise strong quarter; more losses likely if picketing spreads
A strike by autoworkers against General Motors is expected to cut the automaker's pretax earnings by $800 million this year, and another $200 million per week after that.
General Motors Q2 profit up 52% on strong sales, company confirms new Chevy Bolt EV is coming
General Motors posted $2.54 billion in second-quarter net income, a 52% increase over a year ago.
GM boosts outlook as sales in US fuel strong first quarter
Strong U.S. sales helped General Motors increase its first-quarter net profit 19% over a year ago, leading the company to raise its full-year earnings guidance on expectations that people will keep buying new vehicles.
GM quarterly profit jumps 16% as sales rebound late in 2022
Rising factory output led to strong U.S. sales at the end of last year, pushing General Motorsโ fourth-quarter net income up 16% over the same period a year ago.
GM cites improved chip supply in raising financial guidance
Citing an improved supply of automotive computer chips, General Motors raised its financial guidance on Wednesday and said it expects to return to a normal production rate by the end of next year.
GM, Ford outdo each other with electric vehicle investments
General Motors will raise spending on electric and autonomous vehicles and add two U.S. battery factories as it gambles that consumers will eagerly switch from gasoline to the new technology.