General Motors records $3.3 billion in Q3 profit but shares fall on rising raw material costs
GM General Motors Company
$76.11 -1.27%
View chart & analysis → - 1General Motors recorded a Q3 profit of $3.3 billion.
- 2CFO Paul Jacobson mentioned $400 million in additional costs for GM in 2026 due to surges in copper, steel, and diesel prices.
- 3General Motors shares fell 8.1% during afternoon trading.
So what's the key point?
General Motors earned $3.3 billion in the third quarter, but its stock price fell 8.1% because material costs rose. The stock price went down following news that future costs are expected to increase.
Source AFP · View original ↗
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