Detroit — General Motors (GM) on Wednesday posted far stronger-than-expected quarterly profit and said its full-year earnings forecast would come in at the high end of its forecast due to strong demand in North America. GM shares jumped 7.6% in premarket trading. The Detroit vehicle maker reported third-quarter net income of $2.53bn, or $1.75 a share, compared with a loss IN 2017 of $2.98bn, or $2.03 a share. The 2017 quarter included a charge related to Europe. Excluding one-time items, GM earned $1.87 a share in the third quarter, easily beating the $1.25 analysts polled by Refinitiv had expected. Revenue in the quarter rose 6.4% to $35.8bn, above the $34.85bn analysts had expected. GM was able to push through higher pricing, mostly in North America, allowing it to benefit by $1bn in the quarter, offsetting higher commodity costs. Those pricing gains are sustainable, the company’s CFO Dhivya Suryadevara said. “Our third-quarter performance demonstrates our determination to manage ...

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