Wednesday, July 9, 2025
  • Login
CEO North America
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
CEO North America
No Result
View All Result

CEO North America > News > GM Posts $3.3 Billion Net Profit, Holds Full-Year Guidance

GM Posts $3.3 Billion Net Profit, Holds Full-Year Guidance

in News
GM Sales Drop 15% as Unfinished Cars Hit Quarterly Results
Share on LinkedinShare on WhatsApp

General Motors posted a $3.3 billion net profit in the third quarter, beating Wall Street’s expectations, as the Detroit automaker sees strong demand ahead.

The third-quarter 37% net-profit rise was cheered by investors as GM shares were up nearly 2.5% in early trading on Tuesday.

“We’re delivering on our commitments and affirming our full-year guidance despite a challenging environment, because demand continues to be strong for GM products and we are actively managing the headwinds we face,” said GM CEO Mary Barra.

Amid concerns that a U.S. economic slowdown could hurt demand for new vehicles, GM still expects full-year net income of between $9.6 billion and $11.2 billion and adjusted earnings before interest and taxes of between $13 billion and $15 billion.

GM CFO Paul Jacobson said the company expects to hit the “mid-point” of its earnings guidance for the year. “We’re going to continue to be agile,” he said to reporters during a media call. “We continue to see that strong demand.”

Jacobson said GM expects U.S. industry sales next year of 15 million, compared with expectations of around 13.7 million this year.

GM said that by the end of June it had been able to clear out of inventory about 75% of the roughly 90,000 vehicles it had not been able to complete because of missing parts.

Tags: Automotive industryGMMary Barra

Related Posts

Porsche reports 10% sales growth in North America 
News

Porsche reports 10% sales growth in North America 

The Hershey Company appoints Kirk Tanner as President and CEO
News

The Hershey Company appoints Kirk Tanner as President and CEO

Tariff deadline looms as Trump bumps tariffs up to 40%
News

Tariff deadline looms as Trump bumps tariffs up to 40%

Norges Investment Bank CEO warns of rising U.S. debt
News

Norges Investment Bank CEO warns of rising U.S. debt

Tesla shares drop as Musk announces political party
News

Tesla shares drop as Musk announces political party

New 10% tariff for nations supporting ‘anti-American’ BRICS policies
News

New 10% tariff for nations supporting ‘anti-American’ BRICS policies

Paramount CEO explains why company paid Trump millions in 60 Minutes settlement
News

Paramount CEO explains why company paid Trump millions in 60 Minutes settlement

SAS CEO announces Air France–KLM to become majority owner
News

SAS CEO announces Air France–KLM to become majority owner

- Trump sends letter warning of 70% tariffs
News

Trump sends letter warning of 70% tariffs

Constellation CEO attributes beer sales decline to immigration crackdown
News

Constellation CEO attributes beer sales decline to immigration crackdown

No Result
View All Result

Recent Posts

  • The Strengths, Weaknesses and Blind Spots of Managers
  • Sustainability and profit—not an either/or proposition
  • Porsche reports 10% sales growth in North America 
  • The Hershey Company appoints Kirk Tanner as President and CEO
  • Tariff deadline looms as Trump bumps tariffs up to 40%

Archives

Categories

  • Art & Culture
  • Business
  • CEO Interviews
  • CEO Life
  • Editor´s Choice
  • Entrepreneur
  • Environment
  • Food
  • Health
  • Highlights
  • Industry
  • Innovation
  • Issues
  • Management & Leadership
  • News
  • Opinion
  • PrimeZone
  • Printed Version
  • Technology
  • Travel
  • Uncategorized

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Advertising –
advertising@ceo-na.com

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

Avenida Chapultepec 480,
Floor 11
Mexico City
06700
MEXICO

  • News
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Advertising –
advertising@ceo-na.com

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

Avenida Chapultepec 480,
Floor 11
Mexico City
06700
MEXICO

CEO North America © 2024 - Sitemap

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.