General Motors Co. on Tuesday said it made $3.3 billion in net income in the third quarter, up from 2021's third quarter profits of $2.4 billion despite a tight supply inventory still hindering sales and lessening demand amid economic uncertainty.
GM's revenue was $42 billion in the quarter, up from the $27 billion the company made in the same three months last year.
The Detroit automaker is still aiming to meet its projected guidance of net income between $9.6 billion and $11.2 billion, and adjusted pre-tax earnings of between $13 billion and $15 billion for the year. For the year so far, GM has made $7.9 billion, down from the $8.2 billion it had this time last year.
