GeneralMotors
General Motors Co and its dealers saw a 1.5% year-on-year fall in the first quarter of 2024, delivering a total of 594,233 vehicles in the US. The fall was attributed to a slump in fleet deliveries. But quarterly retail sales were up 6% year-on-year. "GM gained retail market share year-over-year with strong mix and pricing, our inventories are in good shape heading into the spring, and production and deliveries of Ultium Platform EVs are rising, led by the Cadillac LYRIQ. We're on plan," said Marissa West, GM senior vice president and president for North America. GM's second quarter sales resu...
DPA International
General Motors Co and its dealers saw a 1.5% year-on-year fall in the first quarter of 2024, delivering a total of 594,233 vehicles in the US. The fall was attributed to a slump in fleet deliveries. But quarterly retail sales were up 6% year-on-year. "GM gained retail market share year-over-year with strong mix and pricing, our inventories are in good shape heading into the spring, and production and deliveries of Ultium Platform EVs are rising, led by the Cadillac LYRIQ. We're on plan," said Marissa West, GM senior vice president and president for North America. GM's second quarter sales resu...
DPA
General Motors Co and its dealers saw a 1.5% year-on-year fall in the first quarter of 2024, delivering a total of 594,233 vehicles in the US. The fall was attributed to a slump in fleet deliveries. But quarterly retail sales were up 6% year-on-year. "GM gained retail market share year-over-year with strong mix and pricing, our inventories are in good shape heading into the spring, and production and deliveries of Ultium Platform EVs are rising, led by the Cadillac LYRIQ. We're on plan," said Marissa West, GM senior vice president and president for North America. GM's second quarter sales resu...
DPA Breaking News
Some of the world's largest car manufacturers are using aluminium produced with forced labour by Uyghurs and other ethnic minorities in China's western Xinjiang region and other parts of the country, the US-based non-governmental organisation (NGO) has alleged. China is accused of running labour transfer programmes in which Uyghurs and other Turkic minorities are forced to work in factories, as part of a longstanding campaign of assimilation and mass detention. Workers in these programmes reportedly face ideological indoctrination and limited freedom of movement. China slowdown puts brake on l...
Euronews (English)
The US auto conglomerate, the General Motors Company, posted a fourth quarter profit on Monday that was above the same period a year before and beat Wall Street estimates. The company's bottom line came in at $2.10 billion, or $1.59 per share. This compares with $2.00 billion, or $1.39 per share, in last year's fourth quarter. Excluding items, General Motors Company reported adjusted earnings of $1.24 per share for the period. Analysts on average had expected the company to earn $1.16 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special ite...
DPA International
The US auto conglomerate, the General Motors Company, posted a fourth quarter profit on Monday that was above the same period a year before and beat Wall Street estimates. The company's bottom line came in at $2.10 billion, or $1.59 per share. This compares with $2.00 billion, or $1.39 per share, in last year's fourth quarter. Excluding items, General Motors Company reported adjusted earnings of $1.24 per share for the period. Analysts on average had expected the company to earn $1.16 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special ite...
DPA
The US auto conglomerate, the General Motors Company, posted a fourth quarter profit on Monday that was above the same period a year before and beat Wall Street estimates. The company's bottom line came in at $2.10 billion, or $1.59 per share. This compares with $2.00 billion, or $1.39 per share, in last year's fourth quarter. Excluding items, General Motors Company reported adjusted earnings of $1.24 per share for the period. Analysts on average had expected the company to earn $1.16 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special ite...
DPA Breaking News
ValueWalk
The United Auto Workers union has arrived at a tentative agreement with General Motors, marking the final of the major three U.S. automakers to do so. This step may be among the final actions needed to bring an end to the autoworkers’ strike, which has lasted for over six weeks. At first, the union requested that employees go on strike at a small number of factories, but eventually intensified their efforts by initiating more stoppages, placing more stress on the car manufacturers. In the last week, the union has achieved preliminary settlements with Ford and Stellantis. As with the Ford agree...
uPolitics.com
In his podcast addressing the markets today, Louis Navellier offered the following commentary. So Far, So GoodThe Treasury auction is going fine. The three-year Treasury notes were sold yesterday and the yields came in a little less than expected, so there was robust demand. So far, everything seems okay, and it looks like we can finance all this. Now, the reason we can finance the Treasury auction is there is capital coming from China. China is now experiencing deflation as its economy struggles with declining exports and imports for the past few months. China’s official purchasing manager in...
ValueWalk
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