GM Reports Profit Growth, but Shares Fall on Rising Raw Material Costs Amid US-Iran War
General Motors doubled its profit to $3.3 billion in Q3 2026 on revenue of $50.1 billion and announced a $20 billion share buyback program. However, rising prices of copper, steel, and diesel due to the US-Iran conflict added $400 million in costs, and the company's shares fell 5.3%.
Sevara Azamova