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...
Ford and GM Stocks Dip After UBS Downgrade
The week is off to a bad start for Ford and General Motors. After their stocks have been downgraded to Sell by UBS analyst Patrick Hummel, Ford’s shares dipped around 7% while GM saw its own shares plunge more than 5%.
Hummel based his evaluation...