GM Raises 2016 Profit Guidance as 2Q Earnings Beat Estimates

Updated on
  • Record North American income fueled by trucks, higher prices
  • European unit returns to profit, even as Brexit costs loom

GM CFO Stevens: Record 2Q Driven by North America

General Motors Co. raised its 2016 guidance and posted record second-quarter earnings of $2.9 billion, beating analysts’ estimates by a wide margin as truck sales increased in North America and its European business managed a small profit.

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