businessSource: CNBCPublished
GM Raises Guidance Amid Resilient Vehicle Pricing
business · CNBCGeneral Motors beat earnings expectations and raised its guidance for the year, driven by strong vehicle pricing and reduced losses in electric vehicles.
At a glance
- GM beat second-quarter earnings expectations with a 30% increase in adjusted earnings
- The company raised its full-year earnings guidance and adjusted automotive free cash flow
- GM's North American operations led the results, with a 2.5-point increase in EBIT-adjusted margin