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GM doubles profits, earns record $2.77B in 3Q

1854 Views 4 Replies 4 Participants Last post by  jbakerjonathan
General Motors Co. on Tuesday posted record third-quarter earnings of $2.77 billion that more than doubled from a year ago, driven by its record North America performance and strongly beat analysts’ estimates.
The strong performance puts the company on pace for a record year.

The increase was driven by strong sales to retail customers and average transaction prices after incentives in the U.S. of $35,700 in the quarter, about $5,000 higher than industry averages.

How did GM do it? North American SUV's and trucks, truck, trucks.

http://www.detroitnews.com/story/bu.../2016/10/25/general-motors-earnings/92713468/
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General Motors Co. on Tuesday posted record third-quarter earnings of $2.77 billion that more than doubled from a year ago, driven by its record North America performance and strongly beat analysts’ estimates.
The strong performance puts the company on pace for a record year.

The increase was driven by strong sales to retail customers and average transaction prices after incentives in the U.S. of $35,700 in the quarter, about $5,000 higher than industry averages.

How did GM do it? North American SUV's and trucks, truck, trucks.

http://www.detroitnews.com/story/bu.../2016/10/25/general-motors-earnings/92713468/

I sure hope they use some of those earnings into savings for us Volt shoppers on the Premier Volts ;)
 

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I sure hope they use some of those earnings into savings for us Volt shoppers on the Premier Volts ;)
Or Bolts! GM can surely afford to unleash some nice incentives next month! :)
 
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