💨 Abstract

GM's Q2 profits and revenue dropped but exceeded expectations, maintaining its full-year outlook. The company earned $1.89 billion, or $1.91 per share, down from $2.93 billion a year earlier. Revenue fell to $47.12 billion but surpassed estimates. CEO Mary Barra remains optimistic about the electric vehicle market despite slower growth. GM is adjusting to changing demand and prioritizing flexibility.

Courtesy: WTOP Staff