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 reached $48.76B, up from $44.13B in the same quarter last year, primarily driven by a 10.4% increase in Automotive revenue. GM Financial revenue also increased, but at a slower pace.
Operating income increased to $3.65B from $3.01B, however, the operating margin decreased slightly, indicating potential pressure on profitability despite higher revenues.
Net income attributable to stockholders remained relatively stable at $3.06B, compared to $3.06B in the same quarter last year, suggesting effective cost management despite some margin pressure.