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- GM Announces Two Michigan Solar Generation Facilities
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- Trump Thumped: Sales Slow. Record High New Vehicle Prices
- Loss of Brake Recalls – Cadillac LYRIQs, Chevrolet Blazer EVs
- Annals of Marketing – 2027 Chevrolet Silverado Pickup
- New $3 Billion Honda Plant in Ohio Announced
- U.S. Transportation Unemployment Tops U.S. Unemployment
- Toyota Motor Q2 FY 2027 Results – First Growth in Three Years!
- UAW Voters Persuasive in Trump Mid-Term Rout!
- Annals of Marketing – Dodge Returns to NASCAR
- Acura Begins U.S. Sales of NSX Reproduction Parts
- Lexus Recall for Instrument Panel Display Failures
- Audi to Build First American Plant in Georgia
Recent Comments
- Governor Whitmer Calls on U.S. Treasury to Reimburse Taxpayers for Tariff Costs on Michigan Governor Whitmer Against Trump Tariffs in WSJ
- Governor Gretchen Whitmer on Trump Mis-Administration – Record High Gas Prices Persist
- NHTSA on Steering Loss – Ford Recalls F-Series Trucks
- AAA on AAA – August 20 Gasoline Prices Highest Ever!
- Nissan Motor on Nissan Posts ¥77.9B Profit in Q1 of Japanese Fiscal Year
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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
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