GM Raises Guidance After Q2 North American Profit Jumps 43% to $3.45 Billion
Updated
Updated · Automotive News · Jul 15
GM Raises Guidance After Q2 North American Profit Jumps 43% to $3.45 Billion
2 articles · Updated · Automotive News · Jul 15
Summary
$3.45 billion in Q2 North American profit marked a 43% jump from a year earlier, prompting GM to raise its guidance again.
Global adjusted EBIT rose 30% to $3.94 billion, showing the regional profit surge fed through to the broader business.
Cadillac's five-year product plan still extends gasoline models, underscoring that GM's full shift to an all-EV lineup has been delayed.
That mix of stronger current earnings and a slower EV transition suggests GM is leaning on profitable combustion vehicles while it recalibrates electrification plans.