General Motors is celebrating a successful third quarter. The company’s third quarter earnings rose more than 36%, due in part to a rebound in vehicle sales from prolonged supply chain issues. GM Chief Financial Officer Paul Jacobson told Michigan News Network the company made $3.3 billion from July through September. During that period last year, the company made 2$2.4 billion.
“We’re aware of the headwinds that are out there, as we said in the second quarter,” Jacobson said. “We haven’t seen any direct impact on our products. Pricing remains strong, demand remains strong for our products, but we can’t ignore what others are saying out there and what others are seeing out there.”
Jacobson says despite the encouraging financial report, the company is prepared for effects from a possible recession. GM’s third-quarter increase was fueled largely by a 24% sales increase for the quarter in the U.S.
