General Motors Co. (NYSE: GM) said today that fourth-quarter 2022 revenue was $43.1 billion, net income attributable to stockholders of $2.0 billion and EBIT-adjusted of $3.8 billion. GM’s full-year 2022 revenue was $156.7 billion, net income attributable to stockholders was $9.9 billion and EBIT-adjusted was a record $14.5 billion. Results were at the high-end of the company’s revised EBIT-adjusted guidance range. GM stock was up almost $3 per share immediately after the announcement.
GM led the US industry in total sales and delivered the largest year-over-year increase in market share of any OEM, because of strong consumer demand for its products and improved supply chain deliveries. GM was number one in total sales; sales of full-size pickup trucks, sales of full-size, large luxury SUVs; and number one in the sales luxury sports cars. (autoinformed.com on GM Investing in Full-Size Truck and SUV Production; Electrifying – Fastest Corvette in History is a Hybrid) Continue reading









Three Rows Have It – 2024 Mazda CX-90 Debuts
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In a nod to US tastes and market reality, Mazda North American Operations today introduced the first-ever 2024 Mazda CX-90 due at dealers this spring. Built on Mazda’s new large platform, the three-row crossover with seating for up to eight passengers becomes the company’s new flagship vehicle that is wider and longer than any previous Mazda before after its long-standing hookup with a leading SUV maker, Ford Motor, which ultimately dissolved.
Mazda CX-90 is available with all-new electrified powertrains, including an inline 6-cylinder turbo and a plug-in hybrid. Detailed specs and pricing are not yet available, but we are betting this will be in the $40,000 to +$52,000 range. (autoinformed.com on:IIHS Mazda CX-50 earns Top Safety Pick+) Continue reading →