Changes in US stocks | Stock prices continue to be strong! General Motors (GM.US) rose more than 5%

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.

According to the data, GM's second-quarter adjusted earnings per share reached 3.57 US dollars, and profit before interest and tax (EBIT) rose to 3.9 billion US dollars, all far exceeding the market's previous expectations. The company's performance growth was driven mainly by steady fuel vehicle sales and the reduction in losses in the electric vehicle business. GM said that with the basic completion of cash expenses for R&D and production adjustments related to electric vehicles, losses in the electric vehicle sector are expected to be reduced by 1 billion to 1.5 billion US dollars this year.