General Motors (NYSE: GM) today posted full-year 2024 net income attributable to shareholders of $6.0 billion at an EBIT-adjusted $14.9 billion. Full-year revenue increased ~9% to $187.4 billion. Investors in GM earned a 50% total return as GM ended the year with an outstanding share count of 995 million ahead of its announced buyback plan. Fourth quarter net income was reduced by more than $5 billion in special charges, primarily by $4 billion of non-cash restructuring charges and impairment of GM interests in certain China Joint Ventures, and $0.5 billion in charges related to the decision to stop funding the Cruise robotaxi business.
“A year ago, I said that we were optimistic about 2024 given the choice we would offer customers, including industry-leading full-size pickups, new and redesigned SUVs and an expanding portfolio of EVs, said GM Chair and CEO Mary Barra. “I also said that we would focus on execution and profitability, and our performance has been consistently strong.” Continue reading








Quantum Materials Discovery by Honda Research Institute
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Honda (7267.T) said today that scientists at Honda Research Institute USA, Inc. (HRI-US) have made a significant breakthrough in the fields of quantum materials and quantum communications “by developing a novel method for growing atomically thin “nanoribbons” (one atom thick and tens of atoms-wide ribbon-shaped materials) enabling unbreakable secure communication of sensitive information.” The technology allows for precise control over the thickness and width of transition metal dichalcogenides nanoribbons (NR), and their electronic properties, which is essential for their application in advanced quantum optoelectronics.
“Our technology provides a new pathway for the synthesis of quantum nanoribbons with precise width control, leveraging their unique mechanical and electronic properties as a single photon light source to realize secure communication known as ‘quantum communication’,” said Dr. Avetik Harutyunyan, Senior Chief Scientist, Honda Research Institute USA Inc. and the leader of the quantum research. Continue reading →