G.M. Raises Profit Forecast on Strong Demand and Lower Tariff Costs

General Motors (GM) has raised its profit forecast for the year, citing strong demand for its vehicles and lower-than-expected costs related to tariffs. The automaker's shares surged following the announcement, as investors responded positively to the improved financial outlook. The key factors behind GM's revised forecast include: 1. Strong consumer demand for its vehicles, particularly in North America. 2. Lower-than-anticipated costs associated with tariffs, which have been a significant burden on the industry. These factors have enabled GM to increase its expectations for several financial metrics, including adjusted earnings per share and adjusted automotive free cash flow. The news reflects the company's ability to navigate the challenges posed by the current economic and trade environment, and suggests that GM is well-positioned to capitalize on favorable market conditions and maintain its profitability in the near term.