General Motors (NYSE: GM) today reported first-quarter 2023 revenue of $40.0 billion, net income attributable to stockholders of $2.4 billion – EBIT-adjusted $3.8 billion. Earnings per share of $2.21 increased from $2.09 (diluted and adjusted) year-over-year. GM delivered 1.38 million vehicles globally, off slightly from Q4 2022. Overall, the decent, arguably championship, performance was highlighted by the restructuring of General Motors International (GMI) that resulted in record profits, excluding China. GM left Wall Street expectations in its dust as it surpassed them.
“Once again, we delivered strong earnings thanks to healthy customer demand for our vehicles, our intense focus on operational excellence, and great teamwork between General Motors, our dealers, our suppliers and our unions. I want to thank everyone for their efforts,” said CEO Mary Barra. Continue reading
EPA – Children Especially Vulnerable to Climate Change
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Climate change-related effects in childhood can have lifelong consequences due to effects on learning, physical health, and housing security, according to an EPA report released today. The new national-scale, multi-sector EPA report shows some of the ways children are especially vulnerable to a variety of health effects from climate change due to physical, cognitive, behavioral, and social factors.
“Understanding health risks to children is critical for developing effective and equitable strategies that will protect our current and future generations,” said EPA Administrator Michael S. Regan. “Today’s report will help further efforts being taken by the Biden Administration across the Federal government to address the climate crisis and advance environmental justice.” Continue reading →