GM - Why GM Stock Is Surging Over 5% In Premarket Today | Benzinga
Shares of legacy automaker General Motors Corp. (NYSE:GM) rose sharply in premarket trading on Wednesday.
The strong gains came after the Detroit-based automaker reinstated its full-year 2023 earnings guidance. The company had withdrawn the previously issued guidance in the third quarter, citing labor disruptions stemming from the United Auto Workers union strike. The strike has since then been resolved.
The company said the reinstated guidance included an estimated $1.1 billion EBIT-adjusted impact from the UAW strike, ...