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DETROIT — General Motors on Tuesday posted quarterly results that topped Wall Street targets and raised its annual forecast, citing stable pricing and demand for its gas-engine vehicles, sending shares up 5%.
DETROIT — U.S. automakers General Motors and Ford face a challenge in common when they report first-quarter results next week: Explaining to investors where profit growth will come from in the months ahead as EV growth slows.
General Motors said the Detroit automaker built about 20,000 electric vehicles (EVs) so far this year that didn't qualify for EV tax credits because of battery sourcing requirements.
Can the 2024 Fiat 500e pick up where the Chevrolet Bolt left off and get Americans into small EVs? History admittedly doesn't paint the rosiest picture, but Stellantis is going to try in any case. One thing we shouldn't expect, compared to the last time Fiat tried to peddle its electric supermini on our shores, are those borderline absurd lease deals that got some owners into the tiny hatch for less than $50 a month in the previous decade. Fiat says interested customers shouldn't hold their breath for anything of the sort this time around, and that the company actually plans to make a healthy profit on each one sold.
General Motors (<a href=«https://finance.yahoo.com/quote/GM?p=GM&.tsrc=» https: data-i13n=«cpos:1;pos:1» data-ylk=«elm:context_link;itc:0;pos:1;sec:donut-hole;cpos:1;»>GM
General Motors expects to build 200,000-300,000 electric vehicles in 2024 but is “prepared to meet customer demand as market conditions evolve” for both EVs and internal combustion engine vehicles this year. While neither CEO Mary Barra nor Chief Financial Officer Paul Jacobson repeated during the company’s 2023 earnings call with Wall Street analysts Tuesday the longstanding goal to reach a 1-million EV annual rate by next year, a spokesman via email confirmed the automaker still expects to reach that milestone by the end of 2025. Barra came under fire late last year for GM’s big investment in EVs—even raising speculation she might have to step down as CEO—but she said the automaker “remains committed” to becomin
General Motors is revisiting its stance on hybrid technology, announcing a shift in its product lineup strategy to include plug-in hybrid electric vehicles. The revelation was made by GM CEO Mary Barra during an investor briefing on Tuesday.