General Motors had a strong third quarter, easily beating Wall Street’s expectations for earnings and revenue. This led to the company raising its guidance targets for 2024. The automaker’s North American operations performed well, offsetting losses in China. GM’s average transaction price per vehicle remained high, showing strong consumer demand. The company’s financing arm and autonomous vehicle unit faced challenges during the quarter. GM’s stock has been performing well this year, up 36% as of Monday. Investors are looking forward to further guidance from GM in January.
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