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Solid GM Results Overshadowed by Latest Jump in Commodity Costs
GM said rising copper, steel and diesel prices will add $400 million to 2026 costs as it reported $3.3 billion in quarterly profit.
Summary by France24
4 Articles
4 Articles
Solid GM results overshadowed by latest jump in commodity costs
The Middle East conflict has fueled a surge in copper, steel and diesel prices, adding $400 million to costs for 2026, Chief Financial Officer Paul Jacobson said on an earnings conference call. "We have seen a significant amount of inflation... really just in the last probably 10 weeks," he said. Despite these dynamics, GM reported third-quarter profits of $3.3 billion, more than double last year's level, which was marred by one-time costs conne…
·Issy-les-Moulineaux, France
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The first American car manufacturer, which published strong quarterly results, reports growing inflationary pressures.
The Chief Financial Officer has quantified the cost increase for the past two months to approximately US$400 million.
·Montreal, Canada
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Leaning Left0Leaning Right1Center1Last UpdatedBias Distribution50% Center, 50% Right
Bias Distribution
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50% Right
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R 50%
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