7 Hrs
Source:
الاقتصادية
GM profits rise 22% on pickups
General Motors' profits increased by 22% in the third quarter of 2026, reaching $4.1 billion, surpassing analysts' expectations. This was driven by strong demand for pickup trucks and high-priced SUVs. The company also raised its annual earnings forecast to between $14.5 billion and $15.5 billion, despite rising costs and inflationary pressures. Additionally, GM completed a $20 billion stock buyback program to boost shareholder returns. The company's profits benefited from increased sales of large trucks, even as electric vehicle sales declined. Its quarterly revenue reached $50 billion, with the profit margin in North America rising to 8.7%. General Motors expects a better performance next year, provided demand continues and operating costs decrease.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)