Strong U.S. Market Share
GM achieved its highest third quarter market share in the U.S. since 2017, reflecting strong margins and a robust vehicle portfolio.
Profitability in China
GM's restructured China business was profitable in the third quarter, with market share growing to 6.8% and China equity income rising for four consecutive quarters to $80 million.
Raised Full Year Guidance
Based on strong performance, GM raised its full-year guidance to an EBIT-adjusted of $12 billion to $13 billion and adjusted automotive free cash flow of $10 billion to $11 billion.
OnStar and Super Cruise Revenue Growth
Recognized nearly $2 billion in revenue from OnStar, Super Cruise, and software services, with deferred revenue up 14% from Q2 to almost $5 billion, and OnStar subscribers up 34% year-over-year.
Resilient Financial Position
GM demonstrated strong cash flow efficiency with $4.2 billion in adjusted automotive free cash flow and a balanced capital allocation strategy including stock repurchases.