General Motors Posts Record Profit as Automotive Market Continues to Thrive. In a significant boost to the US automotive industry, General Motors has announced a substantial increase in its North American profits, rising 43 percent to $3.45 billion compared to the same period last year. The company's global adjusted earnings before interest and taxes also saw a notable jump, increasing by 30 percent to $3.94 billion. This surge in profits comes as the global automotive market continues to recover from the pandemic-induced slump, with many manufacturers experiencing a resurgence in demand for vehicles. As a result, GM's financial performance is likely to be closely watched by industry analysts and investors, with the company poised to continue its growth trajectory in the coming months.
GM’s North American profits surged 43 percent from a year earlier, to $3.45 billion. Global adjusted earnings before interest and taxes rose 30 percent, to $3.94 billion.
