-
Recent Posts
- GM to Layoff 500 Employees at Oshawa Assembly
- GM Spending $30M at Fairfax to Flex EV and ICE Making
- First Look – Genesis X Skorpio Concept
- Porsche Head of Design – Sühlmann Succeeds Mauer
- GM Posts 2025 Net of $12.7B on $185B Revenue
- EVs Outsell Internal Combustion Vehicles in EU!
- Volvo Car Financial Services Extends BoA Deal
- Tesla, Toyota Top Power 2026 U.S. ALG Residual Value Awards
- Fire Risk – Ford Recalls Escape, Explorer, Focus, MKC Models
- Pessimism on the Economy – A Pox on Both Parties
- Nissan Sells South African Plants to Chery SA
- January 2026 U.S. Auto Sales Forecast Down
- FDIC Conditionally Approves Ford Credit Industrial Bank
- First Look – 2026 Mercedes-AMG F1 W17 Racer
- Volvo EX60 Mid-Size SUV Debuts
Recent Comments
- UAW Ford Department Director VP Laura Dickerson on Trump's Ford Plant Visit on Whitmer Stands in Stark Contrast to Trump at Detroit Auto Show
- Ken Zino on Ford Fuel Injector Leak Recall Now at ~694,000
- Laverne Oliver on Ford Fuel Injector Leak Recall Now at ~694,000
- Magna on its Share Repurchase Plan in reference to on Magna Posts Solid Q3 2025 Earnings Gain
- Daniel Ricciardo Global Ford Racing Ambassador on Ford Performance Rebranded as Ford Racing
Archives
Meta
Tag Archives: gm q2
GM Q2 Record at $2.9 Billion with Net Income on $42.4B Revenue
The results came from China and North America with a little help from GM Financial. Continue reading
GM Q2 Flops with $200 Million Net Income. Stockholders Whacked with $1.2 Billion in Recall Charges
GM is taking a $900 million non-cash pre-tax special charge in Q2 for the estimated costs of future possible recalls for up to the next 10 years on 30 million GM vehicles on the road today. A special charge of $400 million was taken for the GM ignition switch compensation program. GM said this is the best estimate of the amounts that may be paid to claimants. It guess-timated the total cost could increase by approximately $200 million. Continue reading
Posted in auto news, economy, financial results
Tagged autoinformed, autoinformed.com, gm q2, Ken Zino
Leave a comment
