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GM Profits Surge Despite Challenges
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General Motors' first-quarter profits soar due to strong truck sales and higher prices, despite a slight US sales dip. The company's net income rises by 25%, reaching $2.97 billion, with revenue climbing to $43.05 billion. GM surpasses Wall Street estimates and raises its full-year net income guidance.
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How did General Motors manage to maintain high profits despite lower average sales prices?
How might GM's success impact the overall automotive industry and investor sentiments?
What strategies did GM employ to navigate through higher labor costs and increased interest rates?
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