GM's Q3 Revenues Surge to $49B, Driven by Chevy Equinox

General Motors' stock gained over 10%, closing at $53.73 per share. This is nearly a 52-week high for GM shares.GM reported that their revenues for the third quarter totaled $48.8 billion

$3.1 billion was the automaker's net income for shareholders.GM has raised the range of $9.14 to $9.64 for its full-year outlook on diluted earnings per share.

Diluted profits per share were initially estimated to be between $8.93 and $9.93. We now anticipate a net income of between $10.4 billion and $11.1 billion for the entire year.

Estimates of net profits previously ranged from $10.0 billion to $11.4 billion. By keeping prices competitive and managing inventories well, GM grew its portion of the retail market in the United States.

The fact that sales in China have increased is fantastic and a sign of progress.GM is trying to make EVs profitable on an EBIT basis and increase ICE margins.

.With 44% of the truck industry, GM is a major player in the full-size truck and SUV markets.GM has a substantial 64% market share in full-size SUVs.

.Wonderful news! There will soon be new models of the Cadillac Escalade, GMC Yukon, and Chevrolet Tahoe/Suburban.The GMC Terrain, Chevrolet Equinox, and other new products are part of GM's intriguing lineup.

For those seeking value, the Buick Envista and Chevrolet Trax are excellent choices.This year, GM hopes to manufacture and distribute about 200,000 EVs in North America.

The average sale price of the ICE-powered Equinox has increased by $6,000.Younger people are gravitating toward the Equinox.