Author: PR Newswire Online News

GM Reports Income of $2.1 Billion and EBIT-Adj. of $2.3 Billion

DETROIT, April 30, 2019 /PRNewswire/ — General Motors Co. (NYSE: GM) today reported solid first-quarter earnings. The company’s full-size truck launch is ahead of plan and drove strong pricing for the quarter in North America. Average transaction prices for GM’s all-new full-size crew cab pickup trucks are up $5,800 over the outgoing models. First-quarter 2019… Continue reading GM Reports Income of $2.1 Billion and EBIT-Adj. of $2.3 Billion

Lear Reports First Quarter 2019 Results

SOUTHFIELD, Mich., April 26, 2019 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in seating and electrical and electronic systems, today reported results for the first quarter 2019.  Highlights include: Sales of $5.2 billion, compared to $5.7 billion in the first quarter 2018 Net income of $229 million and adjusted net income of… Continue reading Lear Reports First Quarter 2019 Results

Lucid Motors Appoints Peter Rawlinson as CEO

Since joining Lucid in 2013, Rawlinson has held the position of Chief Technology Officer, being responsible for all design and engineering activities, including Lucid’s first car, the all-electric Lucid Air luxury sedan. Prior to Lucid, Rawlinson was Vice President of Vehicle Engineering and Chief Engineer of the Model S at Tesla. Prior to Tesla, he… Continue reading Lucid Motors Appoints Peter Rawlinson as CEO