New York, Oct 20, 2026 (AFP) - Solid GM results overshadowed by latest jump in commodity costs

NAMPA / AFP

2026-10-20

Higher commodity costs due to the US-Iran war overshadowed General Motors' solid earnings and a new share buyback announcement Tuesday, sending shares lower. The Middle East conflict has fueled a surge in copper, steel and diesel prices, adding $400 million to costs for 2026, Chief Financial Officer Paul Jacobson said on an earnings conference call. "We have seen a significant amount of inflation... really just in the last probably 10 weeks," he......

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