GM electric vehicles still not profitable, company sees 'progress'

General Motors says its electric vehicles are still not profitable, but that the company is seeing "progress" in the industry. GM made the announcement in a letter to shareholders detailing the company's performance in the third fiscal quarter. "In the third quarter, we grew U.S. retail market share with above-average pricing, well-managed inventories and below-average incentives. In China, sales improved from the second quarter, and dealer inventory fell sharply.

GM PAUSES SALES OF NEW LINE OF TRUCKS OVER SOFTWARE ISSUE The company recalled roughly 450,000 trucks and SUVs in late September over brake issues. The recall includes some 2023 Chevrolet Silverado 1500, GMC Sierra 1500, 2023 and 2024 Chevrolet Tahoe, Suburban, GMC Yukon, Yukon XL, Cadillac Escalade and Escalade ESV models. The electronic brake control module software on impacted vehicles may fail to display a warning light when a loss of brake fluid occurs, the NHTSA said.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Earnings playbook: More than 100 companies are slated to report this week, including General MotorsMore than 100 S&P 500 companies are slated to post third-quarter earnings. Among them are Tesla, General Motors and Boeing.
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »

Stocks making the biggest moves premarket: KB Home, Hewlett Packard Enterprises, General Motors and moreThese are the stocks posting the largest moves in premarket trading.
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »

General Motors EV Sales 'Outstrip' The IndustryGeneral Motors' electric car sales in July and August nearly matched its entire Q2 sales, showing signs of a strong momentum.
Sumber: InsideEVs - 🏆 579. / 51 Baca lebih lajut »

Next week: IMF global economic outlook, General Motors earnings, US existing home salesOn Tuesday, the International Monetary Fund issues its semi-annual World Economic Outlook and General Motors reports its third-quarter financial results. On Wednesday, the National Association of Realtors reports on sales of existing homes in September.
Sumber: AP - 🏆 728. / 51 Baca lebih lajut »