Tag: Financial Results

GM prioritizes faster EV launches ahead of fatter profits

The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021.REUTERS/Rebecca Cook/File Photo Register now for FREE unlimited access to Reuters.com Register DETROIT, Feb 1 (Reuters) – General Motors Co (GM.N) on Tuesday said it will spend more than the $35 billion previously planned through… Continue reading GM prioritizes faster EV launches ahead of fatter profits

GM’s Chevy Silverado EV already has 110,000 reservations

General Motors said it has secured more than 110,000 reservations for its new all-electric Chevrolet Silverado, which includes reservations from more than 240 fleet operators, Chair and CEO Mary Barra said in the company’s full-year and fourth quarter earnings letter to shareholders. The fresh reservations details on Chevy Silverado EV comes just a few weeks… Continue reading GM’s Chevy Silverado EV already has 110,000 reservations

@GM: GM Reports 2021 Full-Year and Fourth-Quarter Results, Including Record Earnings February 1, 2022

DETROIT – General Motors Co. (NYSE: GM) today reported 2021 full-year earnings that include net income of $10 billion, EBIT-adjusted of $14.3 billion, net income margin of 7.9%, EBIT-adjusted margin of 11.3%, EPS-diluted of $6.70 and EPS-diluted-adjusted of $7.07. GM’s full-year net income, EBIT-adjusted, EBIT-adjusted margin and EPS measures are all records. GM’s fourth-quarter results… Continue reading @GM: GM Reports 2021 Full-Year and Fourth-Quarter Results, Including Record Earnings February 1, 2022

Tesla is hit by ‘safety recall’ of all Full Self-Driving Beta cars over ‘rolling stop’ feature, will have to roll it back

Tesla has been hit by a safety recall from the National Highway Traffic Safety Administration (NHTSA)  on all vehicles in its Full Self-Driving Beta over a feature called “rolling stop” that allows vehicles to drive past stop signs. The automaker is going to have to roll back the feature in an upcoming software update. NHTSA… Continue reading Tesla is hit by ‘safety recall’ of all Full Self-Driving Beta cars over ‘rolling stop’ feature, will have to roll it back

NIO Inc. Provides January 2022 Delivery Update

NIO delivered 9,652 vehicles in January 2022, increasing by 33.6% year-over-year Cumulative deliveries of the ES8, ES6 and EC6 as of January 31, 2022 reached 176,722 SHANGHAI, China, Feb. 01, 2022 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer and a leading company in the premium smart electric vehicle market,… Continue reading NIO Inc. Provides January 2022 Delivery Update

Budget 2022 Auto: Cheers for EVs with battery swapping policy but cars, scooters won’t get cheaper

The Indian automotive sector had multiple expectations from the Budget 2022 speech by the Finance Minister (FM) Nirmala Sitharaman today but at the end of the day there wasn’t much to be happy about for the complete sector. There was one big direct announcement in the form of a new battery swapping policy that will… Continue reading Budget 2022 Auto: Cheers for EVs with battery swapping policy but cars, scooters won’t get cheaper

@niche: Xos, Inc. Announces Fourth Quarter Deliveries and Preliminary Revenues001615

LOS ANGELES, Jan. 31, 2022 (GLOBE NEWSWIRE) — Xos, Inc. (Nasdaq: XOS), a leading manufacturer of Class 5 to Class 8 commercial electric vehicles and powertrains, and provider of charging infrastructure and fleet management software (“Xos” or the “Company”), today announced preliminary results for the quarter ended December 31, 2021: Deliveries of 32 units Revenue… Continue reading @niche: Xos, Inc. Announces Fourth Quarter Deliveries and Preliminary Revenues001615

Cruise’s Vogt Says Autonomous Driving Business Plans On Track After CEO Shakeup – Forbes

GM-built electric Origin vehicles are to join Cruise’s fleet by 2023. Cruise Cruise, the autonomous driving company backed by General Motors, is moving toward the launch of commercial operations and hasn’t altered its business plans following the unexpected departure of former CEO Dan Ammann in December, says cofounder and interim CEO Kyle Vogt.  Vogt, who… Continue reading Cruise’s Vogt Says Autonomous Driving Business Plans On Track After CEO Shakeup – Forbes

Ford predicts it will make $45B from businesses using EV delivery vans, new services

SONOMA, Calif.— Selling vehicles is just the first step in Ford’s plans to make money off its first electric delivery van that the automaker is rolling out this month. Between plans to sell 150,000 electric Transit commercial vehicles annually from 2023 onward (after building fewer to sell the first year) and creating “charging depots” to help customers manage… Continue reading Ford predicts it will make $45B from businesses using EV delivery vans, new services