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General Motors (NYSE: GM) reported its second quarter 2025 earnings results today. Revenue decreased 1.8% year-over-year to $47.1 billion. Net income attributable to stockholders decreased 35.4% to $1.89 billion compared to last year. GAAP earnings per share was down 25.1% to $1.91 while adjusted EPS was down 17.3% to $2.53 versus last year. For fiscal … Read more
Lucid Motors is set to roll out a software update on July 30 that will enable hands-free highway driving on its Air sedans, a major step forward for the company’s advanced driver assistance system. The rollout will put Lucid Motors on a short list of companies that have made hands-free driving possible in the United … Read more
Lucid Motors has been working through some quality “hiccups” in the early stages of delivering its long-awaited electric SUV, according to interim CEO Marc Winterhoff. “It is true that we had some technical issues that we had to overcome around software” and the Gravity’s heads-up display, Winterhoff said on a conference call Tuesday. “There have … Read more
Good morning. Earnings season is taking some twists and turns. General Motors’ Q1 earnings call was scheduled to take place on Tuesday, but the auto giant announced it would be postponed until Thursday, “based on recent reports regarding updates to trade policy.” The White House announced Tuesday afternoon an executive order that provides some … Read more
Auto giant General Motors (NYSE: GM) on Tuesday announced financial results for the first quarter of 2025, reporting an increase in revenue and profit. The results also topped expectations. First-quarter revenue increased 2% year-over-year to $44.02 billion, exceeding estimates. Net income, on an adjusted basis, rose 6% annually to $2.78 per share in the March … Read more
EV startup Lucid Motors has emerged as a surprise winner in the bankruptcy auction for electric trucking company Nikola’s Arizona factory and other assets, according a late Thursday night court filing. Lucid committed around $30 million in cash and non-cash considerations in exchange for the factory, Nikola’s lease on its Phoenix headquarters, and “certain machinery, … Read more
General Motors’ (NYSE: GM) stock tumbled last week after the Trump administration imposed new tariffs on automobile imports, raising concerns about their potential impact on the company’s production as it heavily relies on Canada and Mexico. Of late, the auto giant has been regularly investing in portfolio expansion, with new models lined up for launch, … Read more
Bank of America downgraded the stock and slashed its price target by two-thirds after learning that Peter Rawlinson stepped down as CEO and CTO. Read More
Lucid Motors is changing CEOs for the first time in nearly six years. The company announced Tuesday that Peter Rawlinson is stepping down from the CEO and CTO roles that he’s held since before the company went public. Lucid appointed its chief operating officer Marc Winterhoff as its interim CEO. Rawlinson will serve as “strategic … Read more
In a world where almost everything can be bought online, automobiles remain an exception. Read More
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