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The Latest Breaking News from Paul Jacobson

GM's 2Q profits down 40% amid supply challenges, reaffirms full-year guidance

General Motors Co.'s second-quarter profits dropped roughly 40% year-over-year amid nagging supply-chain disruptions, even as the Detroit automaker forecast production improvements in the second half of the year and maintained its full-year earnings guidance.

Tribune News Service

GM Copies Tesla and Rivian But Risks Angering Consumers

GM Copies Tesla and Rivian But Risks Angering Consumers

The legacy automaker has just made a decision to preserve its profitability.

GM and Ford in No Rush to Press the Panic Button

GM and Ford in No Rush to Press the Panic Button

The two legacy carmakers face questions from investors whether consumers still want to buy their cars as recession looms.

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GM and Ford Are Nowhere Near Pressing the Panic Button Yet

The two legacy carmakers face questions from investors whether consumers still want to buy their cars as recession looms.

GM and Ford Remain Calm Amid Financial Turmoil

The two legacy carmakers face questions from investors whether consumers still want to buy their cars as recession looms.

Morning Brief: Top Financial Stories Dominating on Wednesday, April 27

Reuters Kellogg Sues British Government Over New Sugar Rules

GM To Spend $2B On Self-Driving Startup Cruise This Year, Just A Permit Away From Charging Customers

General Motors Co (NYSE: GM) CFO Paul Jacobson said on Tuesday the company will spend about $2 billion on its self-driving taxi fleet Cruise this year.

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GM continues to book profit amid headwinds, looks to execute EV strategy

General Motors Co. CEO Mary Barra says the company is in "execution mode" for its electric vehicles and again touted its plans while reporting a first-quarter profit Tuesday — the same day crosstown rival Ford Motor Co. celebrated the launch of its electric F-150.

Tribune News Service

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