General Motors Co. (GM) said its second-quarter results were better than originally expected due to strong pricing and demand, record GM Financial results and improved near-term production from the pull forward of semiconductors from the third quarter. Based on first-half performance and expectations for the rest of the year, the company increased its full-year guidance. However, the revised earnings guidance range was still below analysts' estimate. GM noted that semiconductor shortage remains fluid and supply chain challenges continue in the second-half.
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