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- Penske Automotive Group Posts Q2 2026 Earnings Decline
- Ford Motor Posts Q2 2026 Net Loss of $1.3B
- Magna to Supply Chery with 800V 2-Speed eDrive
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- Stellantis Sells Free2move to a Private Equity Firm
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- Non-Binding ‘cellcentric’ Fuel Cell Agreement Moves Ahead
- Ford Motor Recalls ~566,000 Broncos for Wiring Harness Fires
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GM Posts $3 Billion in Q1 Earnings. Raises 2024 Guidance
“As we continue to strengthen our ICE [internal combustion engine] portfolio, scale EVs and reinvest in the business, we are very focused on capital efficiency, enhancing profitability and free cash flow, and we will continue to take steps to create shareholder value,” said CEO Mary T. Barra. GM has produced more than $23 billion of Auto Adjusted Free Cash Flow during the last 24 months, and expects to generate more than $30 billion in the 2022-2024 period. Continue reading →