GM Posts Sharply Higher Profit – WSJ – Wall Street Journal
General Motors Co. kept on trucking in the second quarter despite slower growth in China, as the popularity of its pickups and SUVs led the company to solidly beat analyst expectations and forecast a healthy second-half performance.
The No. 1 U.S. auto maker in terms of sales reported $1.1 billion in net income attributable to common stockholders, a sharp increase from $200 million over the same three-month period a year ago. Revenue fell $1.4 billion during the period to $38.2 billion as foreign-currency exchange…