GM says its EV business has become ‘variable profit positive’— but experts say the automaker is still a ways out before it starts making money on electric cars
In the last quarter of 2024, General Motors said it had become “variable profit positive” for the first time for its electric ...
GM dealer Rick Hendrick pays $3.7M to own Corvette ZR1, the fastest car in US
NASCAR legend and GM dealer Rick Hendrick bought the first ZR1. While it rounds out his massive Corvette collection, that's ...
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GM minimises losses from electric cars
According to the recently published annual report, General Motors is making progress with the cost structure of its electric ...
How GM Topped Tesla To Become One Of The Fastest-Growing U.S. EV Makers
The Detroit carmaker is creating a domestic supply base to make EVs cheaper and profitable aided by Kurt Kelty, who landed ...
GM reports 2025 pretax profit of $14.9 billion; takes $4 billion charge on China struggles
GM finally made EVs "variable profit positive," meaning the EVs revenue cover the costs to make them. Here are the goals for ...
After robotaxi failure, GM software bet turns to driver assistance
General Motors is charting a technological future focused on its Super Cruise driver assistance technology, similar to ...
GM's Electric Vehicles Finally Earned More Than They Cost to Make
General Motors announced that its EVs became "variable profit positive" last year, earning more money than the labor and ...
Global car industry in firing line of Trump's tariff threats vs Mexico, Canada
U.S. President Donald Trump has pledged to place 25% tariffs on imports from Mexico and Canada from Feb. 1 if the two ...
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General Motors Has A 6.2-Liter Headache
The National Highway Traffic Safety Administration (NHTSA) is investigating reports of defects with GM's 6.2-liter L87 V8 ...
GM reports record profits with stronger results ahead. But Trump’s policies bring some uncertainty
General Motors reported a record adjusted net income for 2024 Tuesday, just a year removed from a costly strike by the United ...
GM reports record operating profit on strong car line-up
GM sold its vehicles at less of a discount than its competitors, with consumer incentives comprising a smaller share of the average transaction price than the industry mean, the company said. US ...
GM’s New Performance Review System Sparks Fresh Layoffs Amid Backlash
Approximately 1,000 employees were sacked by GM late last year, shortly after the new system was introduced. Workers who lose ...