- General Motors (NYSE:GM) reports consolidated EBIT-adjusted of $3.7B and EBIT-adjusted margin of 10.0%.
- The automaker says it recorded North America EBIT-adjusted of $3.5B and EBIT-adjusted margin of 12.2%.
- Global deliveries were flat during the quarter due to a strategic decision to back away from the daily rental market in North America. GM ended the quarter with global market share of 11.5%.
- GM says that its return on invested capital-adjusted of 30.4% is ahead of its target of 25%.
- GM CEO Mary Barra: "Disciplined and relentless focus on improving our business performance led to a strong quarter and very solid frst half of the year. We will continue transforming GM to capitalize on growth opportunities and deliver even more value for our shareholders."
- Previously: General Motors beats by $0.20, misses on revenue (July 25)
- GM +2.04% premarket to $36.55.
- Now read: Bracing For General Motors' Earnings
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