© Stocksak. FILE PHOTO – The new GM Logo is visible on the Detroit General Motors headquarters in Michigan, U.S.A., March 16, 2021. REUTERS/Rebecca Cook
DETROIT (Stocksak), General Motors Co reported Tuesday a higher quarterly profit and reaffirmed its full year outlook.
The automaker reported a net income of $3.3billion, up from $2.4billion a year ago. Revenue rose to $41.9 billion from $26.8 million a year prior.
GM’s net margin fell to 7.9% from 9.0% a previous year.