General Motors (NYSE: GM ) stock rose overnight after it beat estimates, raised guidance, and paused work on the Cruise Origin robotaxi, which doesn't have a steering wheel. However, after the markets
GM's EV ambitions are slowing but that will be good for the bottom line.
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 CFO Paul Jacobson joins 'Squawk Box' to discuss the company's quarterly earnings results, raising company guidance, EV growth outlook, and more.

GM beats on top and bottom lines in Q2

07:08am, Tuesday, 23'rd Jul 2024
CNBC's Becky Quick reports on the company's quarterly earnings results.
FORT WORTH, Texas--(BUSINESS WIRE)--GENERAL MOTORS FINANCIAL COMPANY, INC. (“GM Financial” or the “Company”) announced net income of $610 million for the quarter ended June 30, 2024, compared
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 o
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 a
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
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

G.M. Will Restart Cruise Taxi Service

06:30am, Tuesday, 23'rd Jul 2024
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.
DETROIT , July 23, 2024 /PRNewswire/ -- General Motors Co. (NYSE: GM) today reported second-quarter 2024 revenue of $48.0 billion, net income attributable to stockholders of $2.9 billion and EBIT-adj
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 Bo
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.
GM and Ford may post smaller quarterly profits this week after slowing consumer demand for EVs and a cyberattack on a critical software system used by dealerships disrupted sales.
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