Here you will find new and information about General Motors’ earnings.
GM is replacing the battery packs and also buying some vehicles back.
While raising its full-year guidance.
GM will report earnings on the morning of Wednesday, August 4th.
The captive finance arm also paid $0.6 billion in dividends to GM during the quarter.
Substantial growth in income on slightly lower revenue.
The automaker will release the earnings on Wednesday.
Through October, The General has paid back $9.1 billion of the $16 billion it borrowed.
A relatively positive performance in light of the coronavirus pandemic.
Analysts are predicting that GM will report a profit during Q1.
Not bad for a company that only makes 10,000 cars a year.
The last time the automaker provided an outlook is in February.
The strike had a significant impact on The General’s financial performance during the quarter.
High desirability, strong sales and tight control of incentives tell the tale.
Demonstrating the automaker’s “ongoing resilience and earnings power.”
The fifth straight year GM Korea will have lost money.
A very strong second quarter with “more upside to come.”
The street is predicting earnings per share 21 percent lower than the second quarter of 2018.
Income was up while revenue was down.
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