The US automaker General Motors (GM) posted a surprisingly large increase in earnings. At the same time, the company confirmed its business outlook despite the uncertain economic outlook given the risk of inflation and recession.
GM’s net income improved by more than a third to $3.3 billion in the third quarter, the largest American automaker announced on Tuesday. Thanks to higher prices, sales also rose by more than half to almost 42 billion dollars.
In a letter to shareholders, CEO Mary Barra (60) cited better delivery conditions as the reason. The group is therefore successfully braving the headwind. the share
increased by almost 5 percent.
Around 90 percent of the operating profit drove GM in its home market United States and there especially with lucrative SUVs. The group benefited from significantly higher prices. However, part of this was used for higher logistics costs.
General Motors announced on Tuesday that there are now 170,000 reservations for the new Chevrolet Silverado electric pickup, which is scheduled to hit dealerships next spring.