GM said OnStar generated about $800 million in revenue in the second quarter. It sells two software systems: autonomous driving with Super Cruise and safety features with OnStar.
After a fraught relationship during the president's first term, GM's latest pivots are boosting revenue.
General Motors took a nearly $2.3 billion charge in the last quarter amid changes to its EV plans. GM, which has more EV products than any other US automaker, delivered 31,000 fewer EVs to dealers last quarter.
General Motors (GM) shares are inching higher on Tuesday morning after the automaker posted a powerhouse Q2 earnings release, outperforming Street expectations across key operational metrics Revenue came in just over $48 billion – reflecting a 1.9% year-over-year increase – while adjusted earnings per share went up 41.3% versus last year to $3.57 in the second quarter. Driven by North American ...
GM CEO Mary Barra said the next-generation Cadillacs will include new gas versions of the CT5 sedan, XT5 midsize SUV and discontinued three-row XT6 SUV. The new product announcements add to GM's pullback in EVs, after it initially said Cadillac would exclusively sell electric vehicles by the end of this decade.
General Motors Company (NYSE:GM) on Tuesday raised its full-year 2026 profit forecast after posting stronger-than-expected second-quarter results, even as one-time charges tied to its electric vehicle realignment weighed on net income. The Detroit automaker reported adjusted earnings per share of $3.57 for the quarter, up 41% from a year earlier and above analyst estimates of $3.20.
Stock futures are rising after three straight days of declines for major indexes; chip stocks are leading the rebound as volatility in the AI trade persists; several big-name companies reported earnings this morning ahead of Big Tech results tomorrow; Nebius shares are surging on news Nvidia as increased its stake in the Dutch AI infrastructure company; and SpaceX shares are rising after closin...