10
Feb
12:58
GM earns $6.4 billion profit, extends outages, pledges continued EV push
US Big Three automaker and electric vehicle pusher GM finished 2020 with a net profit of $6.4 billion, even as it announced that it will extend three outages due to the global semiconductor shortage, Kallanish reports.
GM generated revenues of $122.49 billion in 2020. In 2019, the company earned $6.67 billion on sales of $137.24 billion.
On the semiconductor front, GM plans to extend its outages at its facilities in Kansas, Canada, and Mexico till at-least…
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Anonymous
Very good overview of the weekly steel market.
Anonymous