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GM Reports Best Sales Since 2020, 40% Surge in EV Sales

General Motors (GM), the automotive manufacturer known for brands like Chevrolet, GMC, and Cadillac, reported promising sales trend in the second quarter of 2024 including a major surge in sales of electronic vehicles. GM sold a total of 696,086 vehicles in this past quarter, representing...

GM Pledges to Boost Jobs Amid EV Shift

General Motors has confirmed that it will work to boost employment next year as the vehicle manufacturer shifts to electric vehicles, which may reduce the need for manual labor. Amid workers' concerns regarding work opportunities, GM manufacturing chief, Gerald Johnson, affirmed that the shift to...

Investors Await GM Earnings Results, Status on EV Game Plan

General Motors is set to release its second-quarter earnings on Tuesday, with investors waiting to hear whether the auto manufacturer is on track to achieving its electric vehicle (EV) game plan. Earlier this month, the company reported that its U.S. deliveries rose 18.8% to 691,978,...

General Motors Plans to Double Its EV Production in the Second Half of 2023

General Motors will double down on its electric vehicle production in the second part of 2023. This was revealed by the company’s CFO, Paul Jacobson, in a recent chat with Yahoo Finance Live. According to Jacobson, the demand for the company’s electric cars remains “firm,”...

GM Shares Surge Following Strong Quarterly Earnings

General Motors shares skyrocketed by 9% during early trading on Tuesday after the company reported a surge in profit for the fourth quarter. Profits for the quarter hit $3.8 billion, beating estimates of $3.2 billion. Full year profits hit $14.5 billion, thereby landing at...

General Motors CEO on China: “We Still Think There’s Tremendous Opportunity There”

Automaker General Motors still thinks they can have great success in China despite recent obstacles related to the country’s strict COVID-19 rules and supply issues. Speaking at a recent All Markets Summit, GM’s CEO Mary Barra expressed optimism that the company can bounce back to...