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The Latest Breaking News from Paul Jacobson

GM tells investors its EV business will deliver profits by 2025

General Motor Co.'s electric vehicle portfolio will be profitable by 2025, executives told investors Thursday in New York, delivering what it called low- to mid-single-digit adjusted margins to the bottom line.

Tribune News Service

GM Causes a Big Splash

GM Causes a Big Splash

The Detroit giant has just made announcements that show its ambitions in the electric vehicle market.

GM confirms profit forecast despite 'challenging' environment

GM confirms profit forecast despite 'challenging' environment

New York (AFP) - General Motors confirmed its full-year financial forecast Tuesday, lifting shares as it reported strong consumer demand in spite of a "challenging" environment with grinding inflation.

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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

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

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.

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.

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GM and Ford Remain Calm Amid Financial Turmoil

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

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

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.

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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