General Motors stock climbed approximately 8% in premarket trading following an improved financial outlook. The automaker reportedly increased its annual adjusted core profit projection and lowered expected tariff impacts, creating positive momentum across the automotive sector.
GM Revises Financial Forecast Upward
General Motors shares surged about 8% in premarket trading Tuesday after the automaker significantly improved its annual profit outlook, according to company reports. The Detroit-based manufacturer now expects its adjusted core profit to reach between $12.0 billion and $13.0 billion for the year, up from its previous estimate of $10.0 billion to $12.5 billion.