General Motors Company (GM)
General Motors (GM) Q2 Earnings and Revenues Top Estimates
General Motors (GM) came out with quarterly earnings of $3.06 per share, beating the Zacks Consensus Estimate of $2.67 per share. This compares to earnings of $1.91 per share a year ago.
GM puts self-driving vehicle without steering wheel on hold
General Motors' Cruise self-driving unit will focus its development efforts on a next-generation Chevrolet Bolt rather than its planned futuristic Origin vehicle that would not have a steering wheel or other human controls, the automaker said.
GM beats second-quarter expectations, raises forecast again
General Motors reported second-quarter profit and revenue on Tuesday that beat Wall Street's expectations, and raised its annual profit forecast for a second time this year, buoyed by strong pricing and demand for gas-powered trucks.
GM Lifts Earnings Outlook as U.S. Market Carries Load
General Motors GM 2.61%increase; green up pointing triangle on Tuesday raised its adjusted profit outlook for 2024, saying prices and demand in the U.S. remained steady even as consumers grappled with more-expensive financing.
GM indefinitely delays Cruise Origin autonomous vehicle
GM is indefinitely delaying production of its Origin autonomous vehicle as its embattled Cruise self-driving unit attempts to relaunch operations. The automaker said Cruise will instead focus on using the next-generation Chevrolet Bolt for development of autonomous vehicles.
G.M. Will Restart Cruise Taxi Service
General Motors said the self-driving division's cars will operate in Dallas, Houston and Phoenix after an accident last year. Human drivers will supervise the cars.
GM's Cruise abandons Origin robotaxi, takes $583 million charge
GM's self-driving car subsidiary Cruise is scrapping plans to build the Origin — a purpose-built robotaxi with no steering wheel or pedals — and will instead use the next-generation Chevrolet Bolt in its operations.
General Motors is set to report earnings before the bell
General Motors is set to report its second-quarter earnings before the bell Tuesday. Wall Street analysts expect adjusted earnings per share of $2.75 and revenue of $45.46 billion.
Is General Motors (GM) Stock Outpacing Its Auto-Tires-Trucks Peers This Year?
Here is how General Motors (GM) and Honda Motor (HMC) have performed compared to their sector so far this year.
Automakers report earnings this week. GM is set to be the standout
Wall Street expects General Motors to be the standout among the traditional Detroit automakers when they report second-quarter results this week. Some analysts expect both GM and Ford to guide toward the upper end of their 2024 financial forecasts, if not raise them.
Two Magnificent Seven companies report this week. Only one will likely be among the biggest profit drivers.
Second-quarter earnings reporting season is heating up, with much of the action likely hitting markets on Tuesday, when both electric-vehicle maker Tesla Inc. and Google parent Alphabet Inc. — two Magnificent Seven companies whose stocks are headed in opposite directions — report quarterly results.
Here's Why General Motors (GM) is a Strong Value Stock
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