22.07.2016 - General Motors profit increased by 157%
Automaker General Motors Corp. released the results for the second quarter of this year. Thus, the profit of the company increased by 157% compared to the same period last year to 2.9 billion dollars. Revenue rose by 11% to 42.4 billion dollars against 38.2 billion dollars a year earlier. The reason for the improved performance was the increase in sales in the US and Western Europe. Given the strong performance and expected continuation of the current dynamics in the automotive market in the US for the coming months, we expect further growth of quotations by 18-20% in the medium term.