Revenue rises at GM despite global challenges for auto industry

Revenue at General Motors rose in the third quarter despite higher production costs tied to President Trump’s tariffs.

Net revenue at the Detroit-based manufacturer increased 6.4 percent to $35.8 billion in the three months through September, the company said on Wednesday. Net income rose to $2.5 billion, or $1.75 per share, supported by a 36 percent jump in profits in the North American business, which reached $2.8 billion. Company-wide, wholesale vehicle sales rose to 1.1 billion.