04
Aug
18:50
GM cruises back to profitability, touts electric future
US top-tier automaker General Motors surged back to profitability in the second quarter, Kallanish reports.
GM recorded Q2 profits of $2.8 billion on sales of $34.2 billion. In Q2 2020, the company lost $758 million on sales of about $16.8 billion.
Underneath the hard earnings figures, GM is in the midst of a monumental shift toward electric vehicles, according to a shareholder letter by ceo Mary Barra.
“This is not just a pivot from buil…
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Anonymous
Very good overview of the weekly steel market.
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