Saturday, October 24, 2026
General Motors reports third-quarter results on Tuesday 20 October. Zacks puts consensus at $3.52 a share on revenue of $48.24 billion, and North American operating profit at $3.28 billion against $2.51 billion a year ago, even though GM's U.S. sales fell 6 per cent to 670,974 in the quarter.
General Motors sold 670,974 vehicles in the US in the third quarter, down 5.5 per cent. Toyota sold 633,223, up 0.6 per cent, and more than half of them were hybrids or other electrified models. Hyundai Motor Group finished 1,195 vehicles behind Ford. The automakers gaining share are the ones with cheap cars and hybrids, in a quarter when gasoline cost $1.35 more than a year earlier.
International Motors, formerly Navistar, stopped building trucks in Springfield, Ohio, on Wednesday and laid off the 1,341 people on its state notice. The plant's main work, assembling Chevrolet Silverado medium-duty trucks for General Motors, ended with the contract. The buyer, Canada's Roshel, says it plans to more than double the workforce over time. The city says it has not been told when.