Ms. Mary Barra reports

GM REPORTS NET REVENUE OF $37 BILLION AND INCOME OF $2.4 BILLION FROM CONTINUING OPERATIONS

General Motors Company had strong second quarter earnings and revenue from continuing operations driven by robust results in North America and China, solid improvement in South America, and continued growth of GM Financial (all amounts are in U.S. dollars).

Second quarter 2017 highlights

• Earnings per share, diluted, of $1.60, down 8 per cent, and adjusted EPS, diluted, of $1.89, up 5.6 per cent;
• Consolidated adjusted earnings before interest and taxes (EBIT) of $3.7-billion and adjusted EBIT margin of 10.0 per cent;
• North America adjusted EBIT of $3.5-billion and adjusted EBIT margin of 12.2 per cent;
• GM Financial EBT of $400-million, up 67 per cent.

Income from continuing operations to common stockholders includes a net loss from special items of $700-million before tax, or 29 cents per diluted share, for the quarter. Special items included $500-million related to GM international operations restructuring, $100-million due to Venezuela deconsolidation and approximately $100-million for legal matters related to the ignition switch recall.

Investor analyst conference call

GM chairman and chief executive officer Mary Barra and executive vice-president and chief financial officer Chuck Stevens will host a conference call for investor analysts at 10 a.m. ET today to discuss second quarter business results. The call will include introductory remarks followed by a question-and-answer session for analysts. Journalists who wish to listen to the call may dial in using the following numbers:

United States:  1-888-808-8618

International:  1-949-484-0645

Name of call:  GM earnings call

General Motors and its partners produce vehicles in 30 countries, and the company has leadership positions in the world's largest and fastest-growing automotive markets. GM, its subsidiaries and joint venture entities sell vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang, Opel, Vauxhall and Wuling brands.