‘Growing where it counts’ pushes GM to Q1 records

General Motors first quarter (Q1) results benefitted from growth in key regions and market segments. Thanks to a solid SUV and pick-up portfolio, a recovery in Europe and continued momentum in North America, the OEM set Q1 records for earnings and margin. For the January-March period, earnings before interest and tax (EBIT) adjusted came in at US$2.7bn (up from US$2.1bn last year), with an EBIT-adjusted margin of 7.1% (up from 5.8%).