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The Zhitong Finance App learned that on Wednesday, General Motors (GM.US) rose more than 5% to $83.64. Yesterday's stock price rose nearly 5%. According to the news, GM raised its profit forecast for the full year 2026, increasing its annual profit target between 5 billion and 14 billion US dollars to 16 billion US dollars. This adjustment was mainly due to strong consumer demand for high-profit models such as pickups and large SUVs in the US market, which contributed to a sharp increase of 30% year-on-year in the company's core profit in the second quarter.
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The Zhitong Finance App learned that on Wednesday, General Motors (GM.US) rose more than 5% to $83.64. Yesterday's stock price rose nearly 5%. According to the news, GM raised its profit forecast for the full year 2026, increasing its annual profit target between 5 billion and 14 billion US dollars to 16 billion US dollars. This adjustment was mainly due to strong consumer demand for high-profit models such as pickups and large SUVs in the US market, which contributed to a sharp increase of 30% year-on-year in the company's core profit in the second quarter.
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