Tag: GM

General Motors’ core profit rises on higher demand for SUVs, pickup trucks

General Motors ​reported a higher fourth-quarter core ⁠profit on Tuesday, helped by stronger sales of its affordable crossover SUVs and pickup trucks ‌through the ‌year. Its pre-tax earnings on an adjusted basis rose ‌about 13 per cent to $2.84 billion compared with about $2.51 billion a year ago. The company said it expects an annual… Continue reading General Motors’ core profit rises on higher demand for SUVs, pickup trucks

The price gap between Waymo and Uber is narrowing

A trip in a Waymo robotaxi still costs more, on average, than a comparable ride in a human-driven Uber or a Lyft. But that gap is narrowing, according to new data published Tuesday by Obi, a company that aggregates real-time pricing and pickup times across multiple ride-hailing services. Two factors, working together, are behind the… Continue reading The price gap between Waymo and Uber is narrowing

GM expects ‘significantly’ lower EV volume in 2026 as adjustments drag on earnings

Cadillac ESCALADE IQL electric SUV (Source: Cadillac) General Motors’ (GM) recent plans to scale back EV production in the US cost the company over $7 billion in 2025. Despite selling nearly 100,000 electric vehicles last year, GM is calling for “significantly” lower EV volume this year. General Motors expects EV volume to drop in 2026… Continue reading GM expects ‘significantly’ lower EV volume in 2026 as adjustments drag on earnings

Tesla lands major Semi charging deal with nation’s largest truck stop operator

Tesla Semi Megacharger with Pilot truck stops Pilot, the nation’s largest operator of travel centers, has announced a partnership with Tesla to install Semi chargers at select locations along major highway corridors. The first sites are expected to open in Summer 2026. The Tesla charging stations will be built at Pilot locations along I-5, I-10,… Continue reading Tesla lands major Semi charging deal with nation’s largest truck stop operator

GM expects to top Ford in U.S. vehicle production as it faces up to $4 billion in tariff costs

General Motors Chevrolet Traverse sport utility vehicles sit on the assembly line at the company’s Lansing Delta Township Assembly Plant in Lansing, Michigan, Feb. 21, 2020. Jeff Kowalsky | Bloomberg | Getty Images DETROIT — General Motors expects to outproduce crosstown rival Ford Motor to become the top assembler of vehicles in the U.S. in… Continue reading GM expects to top Ford in U.S. vehicle production as it faces up to $4 billion in tariff costs

GM tops earnings expectations, announces dividend increase and stock buyback program

watch now DETROIT – General Motors beat Wall Street’s fourth-quarter earnings expectations Tuesday, while guiding for another year of “strong financial performance” in 2026. The Detroit automaker, which slightly missed revenue expectations, also announced a 20% increase in its quarterly dividend and a new $6 billion share repurchase authorization. GM stock rose 8.75% Tuesday. Here’s… Continue reading GM tops earnings expectations, announces dividend increase and stock buyback program

German Manager Magazine: General Motors: Adjusted profit falls by almost 15 percent due to tariffs and electric cars004671

Increased US import tariffs and billions in charges due to falling demand for electric cars depressed profits at General Motors last year. Adjusted operating profit fell by almost 15 percent to $12.7 billion in 2025 compared to the previous year, and sales fell by 1.3 percent to $185 billion. The bottom line was a profit… Continue reading German Manager Magazine: General Motors: Adjusted profit falls by almost 15 percent due to tariffs and electric cars004671

How epic failures can help car companies improve

Unsuccessful cars can sometimes be much more interesting than slam-dunk winners. Give me a Leyland P76 over, say, the Mk1 Volkswagen Golf, launched around the same time. It’s not just the vicarious interest of witnessing a metaphorical car crash that captivates me – it’s also the story behind it. No company sets out to make… Continue reading How epic failures can help car companies improve