General Motors reported a significant increase in net income for the first quarter of 2023, driven by strong sales of pickup trucks and other higher-margin vehicles. The company’s average sales price per vehicle remained stable, and pickup sales continued to perform well, contributing to the overall profitability. GM raised its full-year net income guidance slightly and projected a mid single-digit profit margin on electric vehicles next year. Despite challenges in international operations and losses from its Cruise autonomous vehicle unit, the company remains optimistic about its long-term prospects.