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Tag Archives: mary barra
GM Posts 2023 Q1 Revenues of $40B, Earnings of $2.4B
General Motors (NYSE: GM) today reported first-quarter 2023 revenue of $40.0 billion, net income attributable to stockholders of $2.4 billion – EBIT-adjusted $3.8 billion. Earnings per share of $2.21 increased from $2.09 (diluted and adjusted) year-over-year. GM delivered 1.38 million … Continue reading →
Posted in economy, environment, financial results, results
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Tagged auto industry commentary, autoinformed.com, GM 2023 earnings guidance, GM Q1 2023, gmi, Ken Zino, mary barra
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GM Posts Record $14.5 Billion in Earnings During 2022
General Motors Co. (NYSE: GM) said today that fourth-quarter 2022 revenue was $43.1 billion, net income attributable to stockholders of $2.0 billion and EBIT-adjusted of $3.8 billion. GM’s full-year 2022 revenue was $156.7 billion, net income attributable to stockholders was $9.9 billion and EBIT-adjusted was a record $14.5 billion. Results were at the high-end of the company’s revised EBIT-adjusted guidance range. GM stock was up almost $3 per share immediately after the announcement. Continue reading →
Hertz and GM Plot Major EV Rental Expansion
Hertz said it is investing to create the largest rental fleet of EVs in North America, with tens of thousands of EVs available for rent at 500 Hertz locations across 38 states. The company’s current goal is for one-quarter of its fleet to be electric by the end of 2024. Continue reading →
The 2024 Chevy Equinox EV – a $30,000 Breakthrough?
“We are at a turning point where EVs will be the mainstream choice for the next generation of customers and Equinox EV will lead this charge for us,” said Mary Barra, Chair and CEO of General Motors. “With the flexibility of GM’s Ultium Platform, we are bringing to market vehicles at nearly every price point and for every purpose.” We agree. Simply put the 2024 Equinox EV has range, space and technology. Quality is also likely to be high as well. Continue reading →
Posted in news analysis
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Tagged 2024 Equinox EV, auto industry commentary, autoinformed.com, compact EV SUV, Ken Zino, mary barra, Ultium Charge 360
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Covid Recovery: GM Stock Dividend Returns
GM suspended its quarterly dividend in April of 2020 in response to uncertainty caused by the global coronavirus pandemic. While some uncertainty still exists, AutoInformed thinks that the ongoing successes of the Biden Administration’s public health and employment policies – particularly the passage of the Stop Inflation Recovery Act of 2022 – are reasons for optimism. Continue reading →
Posted in financial results, news analysis
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Tagged auto industry commentary, autoinformed.com, Biden Recovery, Ken Zino, mary barra, Paul Jacobson, Stop the Steal
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GM Q2 Earnings at $2.3B Off -$1.1B YoY
This was a significant drop of $1.1 billion in a year-over year comparison as net pricing increases, strong demand and more upscale vehicle sales were more than offset by disrupted production, increased costs and lost sales (90,000 built but not complete?) from lean inventories especially in June. In a word – semiconductors. Continue reading →
Posted in economy, financial results, news analysis
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Tagged auto industry commentary, autoinformed.com, Ken Zino, mary barra, semiconductors
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GM and Pilot to Build Coast-to-Coast EV Fast-Charging Grid
The network of 2000 charging stalls, co-branded “Pilot Flying J” and “Ultium Charge 360”, will be powered by EVgo eXtend and open to all EV brands at up to 500 Pilot and Flying J travel centers. GM customers will receive special benefits such as exclusive reservations, discounts on charging, a streamlined charging process through “Plug and Charge” and integration into GM’s vehicle brand apps providing real-time charger availability and help with route planning. This collaboration is targeting the installation of charging stalls at 50-mile intervals across the US. For GM, this development is one more step in its ~$750 million investment in EV charging infrastructure. Continue reading →
Chevrolet Introduces 2024 Silverado EV
She also teased the 2024 Chevrolet Silverado EV, a full-size pickup developed from GM’s Ultium platform. Customers will have the ability to buy or lease the truck within various price ranges, with MSRPs around $50,000, $60,000, $70,000, $80,000 and much, much more for the more for the flagship RST First Edition, which will debut with an MSRP of $105,000, plus $1695 for shipping. The Silverado EV will be offered only in Crew Cab models. Continue reading →
Biden Bets on Detroit, Union Workers at GM’s EV Factory ZERO
“They’re the things that take place at the kitchen tables I grew up in,” Biden said. “For most of the 20th century, we led the world by a significant margin because we invested in our people, we invested in ourselves. But something went wrong along the way: We stopped. We risked losing our edge as a nation, and China and the rest of the world are catching up. Continue reading →
General Motors Launches New Fund to Advance Climate Equity
The company also announced the creation of a new $25 million Climate Equity Fund, “dedicated to helping close equity gaps in the transition to electric vehicles and other sustainable technology.” The philanthropic fund joins the company’s $35 billion global investment in EV and AV programs, research, technology, manufacturing and charging infrastructure. Continue reading →
Meg Whitman and Mark Tatum Join GM’s Board of Directors
With the election of Whitman, 64, and Tatum, 51, GM has 13 directors. Seven GM directors are now women. Continue reading →
GM Shows New Batteries and a Flexible Global EV Platform
Chevrolet, Cadillac, GMC and Buick will be launching new EVs starting this year. The next new Chevrolet EV will be a new version of the Bolt EV, launching in late 2020, followed by the 2022 Bolt EUV, launching Summer 2021. The Bolt EUV will be the first vehicle outside of the Cadillac brand to feature Super Cruise, the industry’s first true hands-free driving technology for the highway, which GM will expand to 22 vehicles by 2023, including 10 by next year. Continue reading →
Posted in alternative fuels, electric vehicles, energy, manufacturing, mobility company
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Tagged auto industry commentary, autoinformed.com, co2, EVs, GM Ultium battery, Kenneth Zino, mary barra
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Final Gen 7 Corvette Auction to Benefit Foundation
The announcement, along with the laughable confirmation of the Next Generation Corvette’s development, was made last night by General Motors Chairman and CEO Mary Barra, who was honored at the foundation’s annual Footsteps to the Future Gala in New York. Continue reading →
Inside Job – Mark Reuss Named General Motors President
Reuss once kicked the author’s butt at a closed track in New York State. It’s surprising when the North American president of an auto company appears at a race track to drive a car he worked on as an engineer. It’s embarrassing, though, when he’s as fast, well frankly faster, than any hot shoe out there. I was looking at Reuss’s taillights – in the distance. (see AutoInformed on Driving the Cadillac CTS-V Coupe) Continue reading →
Vice Admiral Tighe Shattering Glass at GM Board of Directors
“GM’s future will be driven by a software-first approach that enables a faster cycle of innovation, an elevated experience for our customers and a more efficient enterprise,” said GM Chair and CEO Mary Barra. “Vice Admiral Tighe’s vast expertise in cybersecurity and information systems will be invaluable as GM scales EVs, AVs, and software-defined vehicles to deliver our vision of a world with zero crashes, zero emissions and zero congestion.” Continue reading →