GM's Recent Rally Belies Challenges Ahead
GM(GM) Forbes·2024-10-28 17:00
The Cadillac City Center store is pictured in Shanghai, China, on November 23, 2023. (Photo by ... [+] Costfoto/NurPhoto via Getty Images) NurPhoto via Getty Images General Motors posted a better-than-expected set of Q3 2024 results, sending the stock up by close to 10% on Tuesday, taking its total gains for the year to about 50%. Revenue rose 10.5% year-over-year to $48.8 billion, while net income attributable to stockholders stood at $3.1 billion, led by strong performance in North America. GM also increa ...