GM Q3: resilient results and a forecast upgrade

Following earnings beats in Q1 and Q2 2024, GM's Q3 results not only outperformed consensus forecasts again, but were again accompanied by an upward adjustment of its full-year forecast. The market's response was to mark the shares up by 8% on results day to a two-and-a-half-year peak as GM's performance was particularly well received against the background increasing industry gloom and profit warnings at several rivals.