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GM surges 15% on record EV-driven Q3 earnings and margin gains
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GM soared 15% after record Q3 earnings on robust EV sales; CEO Mary Barra reaffirmed 2026 electrification goal and margin expansion outlook.
General Motors shares jumped 15% after posting record quarterly revenue and profit, its strongest rise in five years. CEO Mary Barra reaffirmed a 2026 goal of full brand electrification and cost reductions through battery supply partnerships. The company cited strong North American EV sales, improved pricing, and lower commodity costs. Analysts noted that resilient consumer demand positions GM as a key EV beneficiary.