General Motors’ shares rose almost 10 per cent on Tuesday after the automaker reported a nearly 11 per cent year-over-year gain in third-quarter revenue, while holding net income steady.  Guidance for the latter for the year was revised to US$10.4 billion to US$11.1 billion, from US$10 billion to US$11.4 billion previously. (The Logic)

Talking point: The automaker, which beat analyst estimates, is one of the few expressing optimism as many of its rivals undergo an uneasy transition to electric vehicles. In some cases, GM’s strategy has been to wait until the “last moment” to make a decision about whether it will make a battery-powered version of a next-generation model, CEO Mary Barra said on the company’s earnings call. Barra also credited GM’s investments in its own battery manufacturing, and the wide variety in its EV lineup, for keeping it on track for its 2024 electric-powered car  production and profitability targets. While the competitive threat from affordable Chinese EV makers looms over GM’s business, Barra said she has a plan to participate in a “very different manner” in the Chinese market to play to GM’s strengths with premium brands.