General Motors reports strong first-quarter profits as prices help offset small US sales dip
Tuesday, 23 April 2024 Despite a small dip in U.S. vehicle sales, General Motors’ first-quarter net income rose more than 25% on strong deliveries of pickup trucks and other higher-profit vehicles. The Detroit automaker said that while its average sales price per vehicle was down slightly from last year at just under $50,000, pickup sales remained strong. GM said it's not seeing the price erosion across its lineup that other companies have experienced. GM on Tuesday said it made $2.97 billion from January through March, with revenue increasing 7.6% over the same period a year ago to just over $43 billion. Excluding one-time items the company made $2.62 per share, beating Wall Street estimates of $2.13, according to FactSet.
General Motors CEO Mary Barra saying that hybrids will be a part of their vehicle lineup to help meet new fuel economy standards and rules on tailpipe emissions. GM had been touting an..
Home Prices Dip , as Homebuyers Show , Dwindling Interest.
'Newsweek' reports that home sellers
have started to cut prices in an effort
to attract buyers amid lagging demand.
According to a recent..
Credit: Wibbitz Top Stories Duration: 01:30Published
Sony Names New PlayStation Co-CEOs , Following Jim Ryan’s Departure.
Beginning June 1, Hermen Hulst and Hideaki Nishino will lead PlayStation, The Verge reports.
Beginning June 1, Hermen Hulst and..
Credit: Wibbitz Top Stories Duration: 01:30Published
Tuesday, 23 April 2024
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