Revenue was reported at $44.13 billion, reflecting a 5.4% increase year-over-year. The estimated figure was $43.25 billion.
Automotive net sales and revenue amounted to $40.50 billion, marking a 4.7% increase from the previous year. Analysts were looking for $39.56 billion.
GM Financial, the company’s financial services arm, reported net sales and revenue of $3.64 billion, showing a 14% year-over-year growth, surpassing the estimated $3.37 billion.
When it comes to cash flow, GM reported an adjusted automotive free cash flow of $4.91 billion, reflecting a 6.9% increase from the previous year.
The North American business sold 810,000 units, marking a 3.3% year-over-year increase, compared to the estimated 790,617 units. International vehicle sales, on the other hand, reached 171,000 units, which is a 6% decrease from the previous year, and slightly below the estimated 175,730 units.
The company withdrew its full-year guidance, citing uncertainty surrounding talks with labor unions over a new contract.
GM stock is down 13.6% YTD.