General Motors Europe back in profit as records tumble

Stay connected Subscribe to our RSS feed

General Motors has substantially beaten expectations with second quarter 2016 results including record earnings per share (EPS) of US$1.86 (up 44% year on year and ahead of forecast by $0.35) on revenue up 11.1% to $42.4bn ($3.47bn better than expected) and net income up 157% to $2.9bn. GM Europe finally moved back into profit for the first time in five years.