Revenue rises at GM despite global challenges for auto industry

Published October 31, 2018 12:23pm ET



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.

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