GM

A General Motors Co. logo is displayed during a news conference in Detroit.

(AP File/Paul Sancya)

DETROIT - General Motors' net income jumped 157 percent to $2.9 billion in the second quarter, the Detroit automaker announced Thursday.

The company's adjusted earnings before interest and taxes, or EBIT, hit $3.9 billion, and its EBIT-adjusted margin was 9.3 percent - both record levels for the company.

GM's net revenue was also at a record level at $42.4 billion, up from $38.2 billion in the year-ago quarter.

"This was an outstanding quarter for GM," Chairman and CEO Mary Barra said in a release. "Our results were generated by strong retail sales in the U.S., record sales in China and a continued emphasis on improving the performance of our operations worldwide. We'll continue to focus on driving profitable growth and leveraging our technical expertise to lead in the future of personal mobility."