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General Motors (NYSE: GM) today posted relatively strong earnings for Q2 and H1 2025 given the ongoing chaos of the Trump Administration and its obsession with economic policies and tariffs that are harmful to the economy, consumers, and GM, which took expensive tariff hits of $1.1 billion on its balance sheet. With Q2 global sales of 1,539,000, and strong U.S. Q2 sales growth at all brands, GM estimated it increased its U.S. market share to 17.4%, making it first in total sales, with 747,000 vehicles delivered during and Q2 and 1.4 million H1 deliveries. This not arguably, but almost certainly makes GM number one in retail sales, up 10% Q2 YoY and up 12% H1 YoY.
“Despite slower EV industry growth, we believe the long-term future is profitable electric vehicle production, and this continues to be our north star. As we adjust to changing demand, we will prioritize our customers, brands, and a flexible manufacturing footprint, and leverage our domestic battery investments and other profit-improvement plans,” said Mary Barra, GM Chair and CEO, “Overall, GM is well positioned to succeed in an ICE market that now has a longer runway, Barra said. Continue reading →
IndyCar – Palou 8 wins for 14 Taking Grand Prix of Monterey
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Alex Palou driving the #10 DHL Chip Ganassi Racing Honda continued his IndyCar dominance yesterday at Laguna Seca by taking his eighth victory in fourteen races at the Java House Grand Prix of Monterey. Palou set the fastest lap time of the race at 70.7851 seconds and 113.821 mph. Christian Lundgaard driving the number 7 Arrow McLaren with Chevy power finished second. McLaren was also having a banner day in Formula One. McLaren Formula One drivers Lando Norris and Oscar Piastri, finished first and Second at the Belgian Grand Prix, with Piastri leading the Driver’s Championship. Pato O’Ward in the other Arrow McLaren finished fourth at Laguna after starting second. O’Ward is the reserve driver for the McLaren Formula One team.
“Amazing day. Number one! Almost one-two for Honda, but two podium finishes is still great,” said Palou. “We had amazing speed all weekend and got our 8th win of the season. I couldn’t have asked for more from this year. I’m ready and hungry for more, of course, but I couldn’t be more proud (sic) of everything this #10 team has achieved.” Continue reading →