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GM reports a $3 billion quarterly profit
GM reports a $3 billion quarterly profit despite US sales drop, China losses and its stock surges
U.S. sales are down and a once-reliably profitable joint venture in China is losing money, but General Motors still managed to post a third quarter profit of $3 billion Tuesday, slightly less than it made a year ago.
GM reports a $3 billion quarterly profit despite US sales drop, China losses
The Detroit automaker reported $48.8 billion in revenue from July through September, 10 percent more than last year, aided by US average vehicle sale prices that were steady with last quarter at over $49,
General Motors overcomes US sales drop and China losses to post quarterly profit of $3 billion
U.S. sales are down and a once-reliably profitable joint venture in China is losing money, but General Motors still managed to post a third quarter profit of $3 billion Tuesday, slightly less than it made a year ago.
GM posts $3B third-quarter profit despite China losses
U.S. sales are down and a once-reliably profitable joint venture in China is losing money, but General Motors still managed to post a third quarter profit of $3 billion.
22h
on MSN
GM’s profit nears a record a year after saying it couldn’t afford its workers’ pay demands
General Motors reported much stronger than expected third-quarter earnings and gave an outlook that puts it on the path for ...
15h
on MSN
4 reasons GM is crushing it right now
Customers paid an average of $6,000 more for new cars than the models they replaced, GM CEO Mary Barra said on an earnings ...
autobodynews
13h
GM Profits Soar Amid UAW Pay Hikes, Despite China Decline
GM CEO Mary Barra attributed the company's Q3 earnings results to "above-average pricing, well-managed inventories and ...
GM Authority
4h
Poll: Should GM Bring The Buick GL8 Luxury Van Stateside?
The Buick GL8 is a luxury minivan available exclusively in China. Should General Motors bring it to the U.S. to make the ...
21h
on MSN
GM reports Q3 pretax profits rose 15.5% on strong prices, cost discipline
GM reported pre-tax income rose 15.5% and revenue shot up 10% as it held its average prices high and costs in check. But ...
18h
GM raises guidance for third time after beating Q3 estimates—what’s driving the success?
General Motors outperformed Wall Street’s third-quarter expectations, raising its 2024 earnings and cash flow forecasts.
Automotive News
12d
GM’s sales slide 21% in Q3; electrified vehicles top gasoline models for first time
In the third quarter, GM’s two joint ventures delivered more than 224,000 full electric and plug-in hybrid vehicles, an ...
Electrek
5d
GM CEO warns China’s EV price war is a ‘race to the bottom’ despite push for affordability
Mary Barra is sounding the alarm. GM’s CEO warned that China’s escalating EV price war is putting automakers globally ...
12d
GM posts year-over-year sales decline in China amid restructuring
For the first time, sales of GM's new energy vehicles, or NEVs, surpassed sales of internal combustion engine vehicles in ...
13d
GM China’s EV, Hybrid Sales Top Gasoline Cars for First Time
General Motors Co. sold more electric vehicles and plug-in hybrids than conventional gasoline cars in China for the first ...
15h
General Motors (GM) Stock Trades Up, Here Is Why
Shares of automotive manufacturer General Motors (NYSE:GM) jumped 9.2% in the afternoon session after the company reported ...
21h
on MSN
GM Q3 results beat expectations as ICE sales compensate for market share loss in China
Fueled by the strength of its internal combustion engine (“ICE”) business which accounts for over 80% of its U.S. business, ...
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General Motors
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