GM's third-quarter net profit tops $3.3 billion

Pinwan, October 25th, according to Jiemian News, General Motors released its third-quarter 2022 financial report, with net income reaching a record high of US$41.9 billion, compared with US$26.779 billion in the same period last year. GM's third-quarter net profit exceeded $3.3 billion, compared with $2.42 billion a year earlier; adjusted EBIT margins were 10.2 percent. GM said full-year 2022 net profit is expected to be between $9.6 billion and $11.2 billion, and adjusted EBIT is expected to be between $13 billion and $15 billion.