2022 GMC Sierra 1500 Denali Ultimate
General Motors is slightly raising its 2021 earnings guidance on strong pricing, resilient consumer demand and a stronger-than-expected supply of semiconductor chips.
The Detroit automaker’s new adjusted earnings guidance for this year is about $14 billion, up from an already raised guidance of between $11.5 billion and $13.5 billion, GM CFO Paul Jacobson said Wednesday.
“I’m pleased to say that we’ve experienced a little bit of favorability on costs and volumes have been trending higher than we expected them to be primarily on chip availability,” he said during a Credit Suisse investor event.
Jacobson also cited “continued strength in the consumer” as…