GM Posts $2.8 Billion Profit, but Cautious Tone Sinks Share Price

GM Posts $2.8 Billion Profit, but Cautious Tone Sinks Share Price
General Motors Flint Assembly plant is viewed in Flint, Mich., on May 18, 2020. Jeff Kowalsky/AFP via Getty Images
The Associated Press
Updated:

DETROIT—General Motors posted a healthy $2.8 billion second-quarter profit Wednesday, but its cautious outlook for the rest of the year spooked investors.

The Detroit automaker made the strong profit despite a global shortage of computer chips that have forced it and other companies to temporarily close factories.