GM's third-quarter results combined strong profit growth with falling volume: net income rose 151% to $3.34 billion while revenue grew only 2.9%, and U.S. sales fell 6.3%. Its high-margin digital services are gaining weight, with OnStar recognized revenue up 15% to $800 million and subscription revenue on pace to reach $10.5 billion this year. The automaker also authorized a record $20 billion share buyback and expects Super Cruise penetration in its trucks to grow four to five times in 2027. Still, management warned that external headwinds are intensifying, with commodity inflation projected to cost about $2 billion this year, and the stock fell about 8% by mid-afternoon on Oct. 20.
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