GM Crushes Estimates by Selling Americans Gas Guzzling Trucks
If you build it, he will come.
It turns out that this is not just advice for summoning ghosts to a cornfield ballpark but also applies to auto manufacturers hoping car buyers will keep showing up at dealer lots. General Motors on Tuesday reported a 24 percent rise in first-quarter profit to nearly $3 billion. Earnings per share hit $2.62, far above the consensus forecast of $2.12.
A GMC pickup truck is displayed for sale on a lot at a General Motors dealership in Austin, Texas, on January 5, 2023. (Brandon Bell/Getty Images)
The company also lifted its profit outlook for the year, saying it expects adjusted earnings before interest and taxes of between
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