General Motors Boosts Full-Year Profit Outlook Amid Strong Q3 Performance

GM's robust earnings are driven by steady demand for high-margin vehicles and cost management, despite challenges in the Chinese market.

General Motors reported a significant 15.5% rise in third-quarter pretax profits, reaching $4.1 billion, driven by strong pricing and effective cost control.
Despite challenges in China, GM improved its North American market share and maintained high average transaction prices.
GM's electric vehicle strategy is on track, with plans to produce 200,000 EVs in North America this year and achieve positive variable profit this quarter.
The company is focused on optimizing its internal combustion engine margins while making its EVs profitable and competitive.
GM's financial stability is bolstered by increased automotive free cash flow and a positive outlook for lower interest rates next year.