We believe the direction of travel for GM profitability, going forward, is the balance between sustaining the currently strong double-digit North American ICE margins and mitigating/lowering the drag from the EV and AV business units,

Key Takeaways General Motors posted better-than-expected profit and sales as it kept prices steady and controlled costs. The biggest U.S. carmaker raised the low end of its profit guidance.General Motors shares traded at their highest level since January 2022.

GM For the third quarter, Wall Street projects earnings per share of $2.38 and an operating profit of $3.3 billion from sales of $44.7 billion, according to FactSet.