Press Release

  • Grand News Network
  • October 24, 2023

General Motors Q3: Earnings Beat, 5.4% Revenue Growth & More

General Motors Company (NYSE: GM) reported third-quarter FY23 sales growth of 5.4% year-on-year to $44.13 billion, beating the analyst consensus estimate of $43.68 billion.

Q3 deliveries registered a 5.2% increase Y/Y to 1.62 million units, with North America climbing 20% to 796,000 units and China declined 13.9% to 542,000 units.

Costs and expenses for the quarter rose 6.8% Y/Y to $41.1 billion.

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