Sector: Consumer Discretionary|Industry: Auto Manufacturers|Market Cap: $54.97B|Employees: 163K
General Motors Company designs, builds, and sells vehicles, automobile parts, and provides software-enabled services and subscriptions worldwide. The company operates through automotive segments like GM North America and GM International, marketing vehicles under brands like Buick, Cadillac, Chevrolet, and GMC. GM is also focused on developing electric and autonomous vehicle technologies, positioning itself for future growth in these markets.
Total net sales and revenue increased to $43.0 billion, up from $40.0 billion in the same period last year, primarily driven by a $2.6 billion increase in Automotive net sales and revenue. GM Financial also contributed with a $0.5 billion increase.
Net income attributable to stockholders increased to $2.98 billion, up from $2.39 billion in the same period last year. This growth is attributed to revenue increases and effective cost management.
Diluted earnings per share increased to $2.56, up from $1.69 in the same period last year, reflecting the strong net income growth and a slight decrease in weighted average diluted shares outstanding.