GM's EVs Finally Earned More Than They Cost to Make in 2024
General Motors announced that its EVs became "variable profit positive" last year, earning more money than the labor and ...
American Axle's latest acquisition highlights its long rise from near death
American Axle spun off from GM in 1996, nearly crashed during the recession and, with a $1.4 billion buy of UK's Dowlais, ...
GM says its EV business has become ‘variable profit positive’— but experts say the automaker is still a ways out before it starts making money on electric cars
In the last quarter of 2024, General Motors said it had become “variable profit positive” for the first time for its electric ...
Why GM stock has gotten hit hard on earnings
GM repurchased more than $7 billion in stock in 2024 and more than $11 billion in 2023. Repurchases have played a key role in ...
How NASCAR's Hendrick Motorsports became a leading player in advanced manufacturing
Hendrick Motorsports Technical Solutions was formed in 2019 as a division of Hendrick Motorsports. The advanced manufacturing ...
Crain's Detroit1d
American Axle to acquire London-based supplier in $1.44B deal
American Axle & Manufacturing Holdings Inc. plans to acquire British peer Dowlais Group Plc in a $1.44 billion deal that ...
GM’s 100-year-old China business can’t keep up with the EV boom there
The automaker estimates its struggling China business will cost $5 billion, but it isn't giving up on the country yet.
Why GM shares drop around tariff uncertainty, despite Wall Street beat
Inventors punished the automaker's exclusion of uncertainty surrounding potential policy shifts on GM's financial performance ...
GM just hit a huge EV milestone as the auto industry faces a tumultuous year
It's not easy to profit off EVs, but GM just took a big step in the right direction.
Manufacturing2d
General Motors Swings to Fourth Quarter Loss on Charges Related to China
General Motors swung to a loss in the fourth quarter on huge charges related to China, but still topped profit and revenue expectations on Wall Street. The automaker is also taking a proactive ...
GM results top Wall Street targets, boosted by gas-powered trucks and SUVs
General Motors on Tuesday posted fourth-quarter 2024 results and a 2025 earnings forecast ahead of Wall Street expectations ...
Michigan Democrats falsely say GM idled EV factory due to Trump's executive order
State Democrats revised a statement that originally asserted incorrectly that "factories (are) already idling because of ...