GM Posts $806M Loss, 47% Drop in Sales
The automaker sees stronger sales ahead with its plants now back in production after coronavirus-related shutdowns.
Tesla’s Emission Credits Fuel $104 Million Profit
“Tesla’s business model is currently 100% predicated on selling one-time temporary credits to guys who increasingly don’t need them."
GM Banks on Cash Hoard to Ride out Pandemic
“We believe that we’re positioned well to manage through this because we’ve taken swift actions to preserve liquidity,” CFO Dhivya Suryadevara says.
Ford Expects Loss But Says Cash Position Strong
“We believe we have sufficient cash today to get us through at least the end of the third quarter" despite the coronavirus shutdown.
Ford Touts ‘Strategic Progress’ But Stock Falls 9%
Investors eager to see returns from Ford's $11 billion global restructuring plan were disappointed by its Q4 and full-year results.
Tesla Hits $420 to Complete Wall Street ‘U-Turn’
Reaching $420 a share “is about the most significant milestone for [Elon Musk's] investor credibility in the last several years."
Fiat Chrysler, Peugeot to Create No. 4 Automaker
The companies see the $48 billion deal as a move to "capture the opportunities and manage effectively the challenges of the new era in mobility.”
Tesla Shares Jump 20% on Surprise Q3 Profit
The car maker said it removed substantial costs from its business during the quarter and delivered a record number of vehicles.
GM’s Pickups, Cost-Cutting Drive Profit Increase
“Our results demonstrate the earnings power of our full-size truck franchise, with more upside to come," CEO Mary Barra says.
Tesla Stock Dives on ‘Demoralizing’ Q2 Results
Despite record deliveries, the company posted a larger-than-expected loss as rising costs weighed on profitability.
Tesla to Raise $2B in Return to Public Markets
Stock and convertible debt offerings will boost Tesla's cash position as it faces expensive challenges, including developing new models.