General Motors on Tuesday reported a pretax profit decline of 6% to $3.8 billion in the first quarter. But the automaker touted its gains in U.S. electric vehicle sales, sales of new vehicles ...

GM has backed off its goal of producing one million EVs in North America by 2025. The company plans to slash this year's production of EVs by 50,000 units to a range from 200,000 to 250,000 vehicles.

General Motors on Tuesday reported its fourth-quarter pretax profit plummeted 54% to $1.8 billion. For the full-year in 2023, pretax profits dropped more than 14% to $12.4 billion compared with ...

In the quarter ended Sept. 30, GM said its net income came in flat at $3 billion, or $2.96 a share on an adjusted basis, up from $2.28 a year ago and also above the $2.45 per share average of ...

EV mix will increase, as GM needs to wholesale about 80,000 EVs to meet its 2024 target of 200,000 units. Incentives will likely rise to be competitive for the holiday shopping season.

General Motors' CFO Paul Jacobson made the remarks June 11 at the Deutsche Bank Global Auto Industry Conference.

BYD's growth is decelerating, due to rising competition in China and macro headwinds. Read why a prolonged sideways movement ...

General Motors (GM) closed the most recent trading day at $48.28, moving -2.01% from the previous trading session. The stock trailed the S&P 500, which registered a daily loss of 0.84%. Elsewhere ...

GM has experienced a persistent decline in China sales since 2017. In October, ... GM’s market share through these two brands is even lower, and the profit margins of these low-end EVs are tiny.

Meanwhile, GM competitor Toyota is reducing its EV production target from 1.5 million to 1 million for 2026. Dealer sentiment for EVs is down to 35 to 40, plunging from a cautiously optimistic 56 ...

We maintain our GM fair value estimate of $77 after the firm reported strong third-quarter results and raised 2024 guidance. We continue to see GM’s stock as undervalued as the firm has a strong ...