Posted Jul 25, 2023, 1:17 PM
General Motors is up nearly 2% ahead of the stock market on Wall Street following the announcement of an increase in its annual targets.
The accounts for the second quarter are above expectations, with, in particular, a turnover of 44.75 billion dollars, against 42.64 billion expected. For the full year, net profit is now expected in the $12 billion to $14 billion range, down from a high of $13 billion previously. Earnings per share will be between $7.15 and $8.15, compared to a high of $7.35 previously.
Sales of the most profitable vehicles are stronger than expected in the United States and cost reductions will be higher than initially announced.
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2023-07-25 11:17:10
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