General Motors Co (NYSE:GM) shares zoomed a little higher on Tuesday as the maker of iconic names like Chevrolet and Cadillac posted a better than expected profit in its latest quarter.
Earnings per share (EPS) in the three months to end June came in at $1.89 compared to $1.69 that was expected.
Revenue for the three months was $37bn versus $40.15bn expected.
The numbers come at a tight time for the global car industry as the electric wave continues to affect the space.
The whole auto industry is also coming off years of record sales and many commentators fear the sector is entering a period of sustained sales slowdown.
Automakers have reported falling sales for the past four months in a row.
Traditional car buyers are also seemingly more interested in SUVs, light trucks, and crossovers.
However, despite that cheering investors today was the fact that General Motors (GM) used the statement to repeat its earnings forecast for the year of between $6 to $6.50 per share.