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Com TW NOw News 2024

GM’s high prices boost profits and boost its outlook for the end of 2024
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GM’s high prices boost profits and boost its outlook for the end of 2024

General Motors Co. signaled solid U.S. demand for top-margin autos even as the broader market softens, posting better-than-expected results for the latest quarter and raising the lower end of full-year earnings estimates.

The automaker on Tuesday raised its adjusted earnings before interest and taxes for 2024 to at least $14 billion, up from the $13 billion minimum it had previously.Bloomberg terminal projected.