General Motors (GM) Surpasses Expectations with Strong Q1 Results and Raises Guidance

General Motors (GM) Surpasses Expectations with Strong Q1 Results and Raises Guidance

General Motors (GM) Reports Strong First Quarter Results GM’s Earnings and Revenue Surpass Expectations General Motors (GM) generated strong first quarter revenue, outperforming Bloomberg’s consensus expectation. The automaker reported top-line revenue of $43.0 billion, a 7% increase compared to the same period last year. The company’s adjusted earnings per share of $2.62 also surpassed estimated … Read more

Volkswagen Workers in Chattanooga Overwhelmingly Vote to Join UAW, Marking a Significant Win for Union in the South

Volkswagen Workers in Chattanooga Overwhelmingly Vote to Join UAW, Marking a Significant Win for Union in the South

Volkswagen Workers in Chattanooga Vote to Join United Auto Workers Nearly 74% of Workers Support UAW in Historic Election Volkswagen workers in Chattanooga overwhelmingly voted to join the United Auto Workers (UAW) late Friday, in a landmark victory that gives the union a strong presence in the historically anti-union South. Decisive Majority in Favor of … Read more

Tesla Stock Plummets 7% as Quarterly Delivery Data Disappoints; Xiaomi’s Electric Sports Car Steals the Show

Finance Of Alberto Annicchiarico Tesla drops 7% after the release of quarterly production and delivery data. In the first three months, 386,810 cars were delivered 3′ reading Even worse than you thought. Tesla narrowly missed estimates for first-quarter deliveries on Tuesday and fell 6% after the release of quarterly production and delivery data. In the … Read more

Car Owners Allege Insurance Rate Hikes After Carmakers Send Data Without Consent

Car Owners Allege Insurance Rate Hikes After Carmakers Send Data Without Consent

Auto Insurance Rates Increase after Carmakers Share Driver Data Auto Insurance Rates Increase after Carmakers Share Driver Data: General Motors, Ford, Honda, and Others Seattle-area Drivers Alarmed by Unexpected Insurance Hike Drivers of cars manufactured by General Motors, Ford, Honda, and other popular brands say that their insurance rates went up after the companies sent … Read more

Stellantis NV’s UAW Employees to Receive Profit Sharing Checks of $13,860 in 2023

Stellantis NV’s UAW Employees to Receive Profit Sharing Checks of $13,860 in 2023

Stellantis Employees Could Receive Profit-Sharing Checks of $13,860 Stellantis Employees Could Receive Profit-Sharing Checks of $13,860 Annual Profit-Sharing Announcement Stellantis NV, an automaker, announced on Thursday that employees represented by the United Auto Workers (UAW) could expect generous profit-sharing checks. The checks, which vary based on individual working hours, will amount to an average of … Read more

Ford Considers Manufacturing Footprint Amid Changing Relationship with UAW

Ford Considers Manufacturing Footprint Amid Changing Relationship with UAW

Last fall’s United Auto Workers’ Strike Forces Ford to Rethink Manufacturing Strategy When an Industry Shakeup Requires Rethinking Striking a Watershed Moment The United Auto Workers’ strike in 2023 had a profound impact on Ford Motor Co.’s relationship with the union and has forced the automaker to reconsider its future manufacturing decisions. CEO Jim Farley, … Read more

General Motors Reports Beat in Q4 Earnings, Maintains Profit Guidance for 2024

General Motors Reports Beat in Q4 Earnings, Maintains Profit Guidance for 2024

General Motors Reports Strong Q4 Earnings and Issues Profit Guidance for 2024 General Motors Reports Strong Q4 Earnings and Issues Profit Guidance for 2024 Record Revenue and Optimistic Outlook General Motors (GM) has announced robust earnings for the fourth quarter, surpassing expectations on both revenue and profit. The company reported topline revenue of $42.98 billion, … Read more

General Motors Overtakes Toyota as Best-Selling Automaker in the United States in 2023

General Motors Overtakes Toyota as Best-Selling Automaker in the United States in 2023

General Motors has overtaken rival Toyota Motor to remain the best-selling automaker in the United States in 2023, as easing supply bottlenecks and sustained increased demand propelled the industry to its best year since the Corona pandemic. The company sold 2.6 million new cars in the United States in 2023, an increase of 14.1 percent … Read more

The Struggle of Electric Cars in the Market: Is the End of the Fever Near?

The Struggle of Electric Cars in the Market: Is the End of the Fever Near?

The Mexican has some interesting expressions to say that a product seems expensive. One of them is to exclaim “And what does it do, does it fly or what?”. Another common one is when, upon hearing the price of a product, one questions “Don’t they lose him?”. I wonder what they would say if they … Read more

General Motors (GM) Announces Cadillac’s Entry into F1 as Power Unit Manufacturer

General Motors (GM) Announces Cadillac’s Entry into F1 as Power Unit Manufacturer

General Motors (GM) announced that Cadillac will develop its own F1 power unit. The company has officially registered with the FIA ​​(Fédération Internationale de l’Automobile) to become an F1 engine manufacturer starting from the 2028 season. This will see the American car giant join Honda, Mercedes, Ferrari, Renault, Audi and Red Bull as power unit … Read more