General Motors is seeing a fair amount of success with EVs. However, the auto giant has decided to invest $4 billion into expanding production of gas trucks and SUVs.

Pivoting to General Motors, which reported Q2 results last Tuesday, the company was hit with $1.1 billion in tarriffs, although Q2 EPS of $2.53 comfortably exceeded expectations of $2.39 by 6% but ...

Net income of $1.89 billion, compared with the prior year’s second quarter of $2.93 billion. Total revenues of $47.1 billion, down 1.8% compared with $47.97 billion in second-quarter 2024.

Barra highlighted $4 billion of new investment in GM’s US assembly plants to add 300,000 units of capacity for high margin light-duty pickups, full-size SUVs and crossovers.

General Motors Company slumped in Tuesday’s premarket session after reporting a sharp drop in adjusted EBIT margins to 6.4% and a whopping $1.1 billion tariff headwind. The auto behemoth ...

The move was first reported by Reuters. The news comes just over a month after GM announced plans to invest $4 billion over the next two years to expand U.S. production of gas and electric vehicles.