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GM posts $3B third-quarter 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,
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.
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.
Automotive News
3d
GM sees China red ink grow in Q3 amid extended sales slump
GM is working to restructure its struggling business in China, where its market share has fallen amid heightened competition, ...
USA Today
3d
GM 'paying careful attention' to presidential candidates' policies — especially tariffs
"With a majority of auto parts coming from
China
, automotive supply chains will be affected." On Tuesday, just hours after ...
5d
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 ...
4d
4 reasons GM is crushing it right now
GM's earnings topped expectations and sent shares surging, thanks to strong truck sales and a turnaround in China.
5d
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, ...
Electrek
9d
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 ...
GM Authority
2d
GM Ready To Adapt To Potential New Government Policies, Tariffs
As the U.S. presidential election draws nearer, GM is prepared to adapt to the next president's policies as they relate to ...
4d
GM's Q3 results outpace expectations, automaker ups yearly guidance for third time
We are not mistaking progress for winning. The competition is fierce, and the regulatory environment will keep getting ...
5d
GM reports Q3 pretax profits rose 15.5% on strong prices, cost discipline
GM reported pretax income rose 15.5% and revenue shot up 10% as it held its average prices high and costs in check. But there ...
4d
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.
GM Authority
11d
GM China Sales Down 21 Percent During Third Quarter 2024
GM China sales decreased 21 percent to 426,200 units in the third quarter 2024. See GM China sales figures, numbers, and results for Q3 2024.
AFP on MSN
4d
Strong auto prices lift GM results as it eyes China revamp
General Motors reported strong earnings Tuesday on robust pricing as the Detroit giant said it was hopeful about returning to ...
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