Negative
20Serious
Neutral
Optimistic
Positive
- Total News Sources
- 7
- Left
- 2
- Center
- 1
- Right
- 3
- Unrated
- 1
- Last Updated
- 24 min ago
- Bias Distribution
- 43% Right
General Motors (GM) reported strong third-quarter results, with revenue reaching $48.8 billion, a 10.5% increase year-on-year, surpassing Wall Street's expectations. The company achieved an adjusted earnings per share of $2.96, significantly higher than analyst predictions. Despite a 2% decline in overall vehicle deliveries, retail sales rose by 3%, reflecting robust consumer demand for GM’s high-margin gasoline-engine trucks and SUVs. Challenges persist in China, where GM's joint venture reported a $137 million loss, prompting plans for restructuring. GM raised its full-year earnings forecast to $14-$15 billion in pretax profit, driven by strong pricing and cost management. CEO Mary Barra emphasized a focus on optimizing internal combustion engine margins and advancing electric vehicle profitability, amid a competitive and evolving industry landscape.
- Total News Sources
- 7
- Left
- 2
- Center
- 1
- Right
- 3
- Unrated
- 1
- Last Updated
- 24 min ago
- Bias Distribution
- 43% Right
Negative
20Serious
Neutral
Optimistic
Positive
Related Topics
Stay in the know
Get the latest news, exclusive insights, and curated content delivered straight to your inbox.