General Motors reports strong first-quarter profits as prices help offset small US sales dipDespite a small dip in U.S. vehicle sales, General Motorsโ first-quarter net income rose more than 25% on strong deliveries of pickup trucks and other higher-profit vehicles.
GM made $10B last year despite autoworkers strike, says it will bring back plug-in hybrids to USGeneral Motorsโ net income rose 12% last year despite losing more than $1 billion when many of its plants were shut down by a six-week autoworkersโ strike.
Strikes trim profit at GM in an otherwise strong quarter; more losses likely if picketing spreadsA strike by autoworkers against General Motors is expected to cut the automaker's pretax earnings by $800 million this year, and another $200 million per week after that.
General Motors Q2 profit up 52% on strong sales, company confirms new Chevy Bolt EV is comingGeneral Motors posted $2.54 billion in second-quarter net income, a 52% increase over a year ago.
GM boosts outlook as sales in US fuel strong first quarterStrong U.S. sales helped General Motors increase its first-quarter net profit 19% over a year ago, leading the company to raise its full-year earnings guidance on expectations that people will keep buying new vehicles.
GM quarterly profit jumps 16% as sales rebound late in 2022Rising factory output led to strong U.S. sales at the end of last year, pushing General Motorsโ fourth-quarter net income up 16% over the same period a year ago.
GM CEO Barra says electric vehicles to be profitable by 2025General Motors expects its portfolio of electric vehicles to turn a profit in North America by 2025.
GM sidesteps economic headwinds; Q3 profit jumps nearly 37%General Motorsโ third-quarter net profit rose 36.6% as vehicle sales began to rebound from persistent parts supply chain troubles.
GM cites improved chip supply in raising financial guidanceCiting an improved supply of automotive computer chips, General Motors raised its financial guidance on Wednesday and said it expects to return to a normal production rate by the end of next year.
GM posts $2.8B profit, but cautious tone sinks share priceGeneral Motors posted a healthy $2.8 billion second-quarter profit Wednesday, but its cautious outlook for the rest of the year spooked investors.
GM, Ford outdo each other with electric vehicle investmentsGeneral Motors will raise spending on electric and autonomous vehicles and add two U.S. battery factories as it gambles that consumers will eagerly switch from gasoline to the new technology.