General Motors saw its first quarter net income drop 5.7% to $2.6 billion due costs associated with a settlement with its electric vehicle supplier base. However, on an adjusted basis its earnings rose 21.9% to $4.3 billion. Find out more at Headlight.News.
General Motors looked to be the leader in the electric vehicle market by investing heavily in the segment, and that push crimped its Q3 earnings numbers as it took a $1.6 billion charge to offset investments in its EV operations during the period. However, the company still reported a profit, and investors are happy. Get details at Headlight.News.
General Motors Chair and CEO Mary Barra’s earned plenty of accolades during her 10-plus-year tenure at the helm of the Detroit-based automaker. She’s earned another — again — topping Forbes’ 100 Most Powerful Women list. It’s the second straight year’s she’s topped the list. Find out more at Headlight.News.
General Motors finished 2024 strong. It beat analysts’ estimates for nearly every metric they examine. So why is the Detroit-based automaker watching its stock slide nearly 10% in the wake of all that positive news? Ignoring the obvious. Get details at Headlight.News.
General Motors officials offered good news with the company’s second quarter earnings report, with revenue and profits up for the quarter as well as the first half of the year. In fact, the results were good enough for the company to revise its full-year earnings expectations upward. Find out more at Headlight.News.
GM CEO Mary Barra confirms that the company has backtracked on its EV plans as slowing growth in the segment is forcing the company to shift towards expanding into PHEV and hybrids in an attempt to comply with tightening efficiency and emissions standards.
General Motors faces big challenges in China, but Mary Barra says GM will stay the course despite the risks that the company faces due to the recent growth of Chinese automakers.
General Motors’ autonomous vehicle subsidiary, Cruise, took another step in the rehabilitation of its image, making good on plans to hire a Chief Safety Officer. In the wake of last October’s incident with a pedestrian in San Francisco, the company said it would take steps to improve the safety of its vehicles. AV development veteran Steve Kenner is the new hire. Get details at Headlight.News.
After reporting a profitable 2023 that exceeded their own expectations, GM officials revealed they’re deploying plug-in hybrid vehicles — for certain models — to the North American market. It was a decision made after reviewing and tweaking its EV production plans and feedback from dealers. Find out more from Headlight.News.