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GM lifts profit guidance as truck sales stay strong

The company cited steady pricing and stronger truck sales as the basis for its updated outlook.

Reported · Written up by our desk · Previews

GM raised its profit guidance, pointing to steady pricing and strong truck sales as key supports for its outlook, according to MarketBeat Ratings.

In the same earnings-focused roundup, Mobileye reported unit growth that was offset by falling per-system prices, and the company also outlined a planned departure by its founder, the outlet said.

Overall, the updates highlight a split in the auto market, with GM emphasizing pricing and demand strength while Mobileye’s volume gains came with weaker pricing per system.

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