The automaker increased sales of pricey pickups by 20% and cut $400 million in costs in Q1, boosting profit despite a 3.4% revenue drop.
Strong sales of high-margin pickups and small SUVs fueled an earnings beat for GM despite weak demand in China.
Deepak Ahuja's departure overshadowed Tesla's Q4 results, with one analyst calling it a “significant loss of institutional knowledge.”
“It was not a year we were happy with and the fourth quarter continued that theme," CFO Bob Shanks said.
The automaker raised vehicle prices in the U.S. to a record average of more than $36,000, offsetting declining sales volumes across every brand.
Dave Morton's resignation "comes at a particularly precarious financial time" for the automaker.
The automaker predicts it can produce 7,000 vehicles per week, which would enable it "to become sustainably profitable for the first time in our history."
Former technician Martin Tripp told the SEC that Tesla has put defective batteries in cars to meet production quotas.
Suryadevara's appointment to replace Chuck Stevens puts GM in an elite group of companies that have a woman in both the CEO and CFO roles.
The automaker has been retooling factories to prepare for the launch of new full-size pickups.
The automaker's operating results were "very strong, and actually great" in the quarter and for the full year, CFO Chuck Stevens says.
The world’s largest automaker announces a $40 billion spending plan that will accelerate its shift away from combustion-engine vehicles.
