GM second quarter earnings preview: strong sales lead to improved Wall Street guidance for the year

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GM News

GM CEO Mary Barra,Paul Jacobson,GM Sales

Investors are expecting another strong second quarter from GM, following strong sales of the automakers gas-powered vehicles, trucks, and even EVs.

) when the automaker reports before the bell on Tuesday, following strong sales of the automaker's gas-powered vehicles, trucks—and even EVs.

However, just last week, GM CEO Mary Barra indicated that GM’s target of being able to produce 1 million EVs in North America by 2025 is in jeopardy. “We won’t get to a million just because the market is not developing, but it will get there,”Nevertheless, GM sales in the second quarter are boosting the company’s bottom line at the right time, and EV sales that Jacobson alluded to are strong as well.

NEW YORK -U.S. President Joe Biden ended his reelection campaign on Sunday after fellow Democrats lost faith in his mental acuity and ability to beat Donald Trump, leaving the presidential race in uncharted territory. "Biden endorsed Harris, but I think they’ll be a lot of cooks in the kitchen over the next two weeks vying for the position - I believe it’s wide open.

 

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