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 $47.969 billion, up 6.8% YoY, primarily driven by a 6.8% increase in Automotive revenue. GM Financial revenue also increased, but at a lower rate.
Operating income increased to $3.873 billion, up 38.9% YoY, indicating improved profitability. This is a significant improvement compared to the same period last year.
Net income attributable to stockholders increased to $2.933 billion, up 14.3% YoY, reflecting improved profitability. This indicates a positive trend in the company's financial performance.