Automaker General Motors (GM) reported strong third-quarter earnings on the back of steady demand for its gasoline-powered cars. The company also raised its full-year guidance for the third time in 2024.
GM’s adjusted earnings per share in Q3 came at $2.96, while analysts expected $2.43....
U.S. car stocks have fallen on Wednesday following a sweeping downgrade by Morgan Stanley analysts. The downgrades included the stock of legacy car makers Ford Motors and General Motors (GM), as well as electric vehicle manufacturer Rivian Automotive.
According to Morgan Stanley, the U.S. auto...
Automaker General Motors (GM) will slash its workforce by more than 1,000 employees, according to multiple reports. The job cuts will primarily be focused on the company’s Software and Services division.
The layoffs are reportedly not part of the company’s cost-cutting strategy. Instead, the decision...
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...
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,”...
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...
