G.M. Reports Big Jump in Profit on Gasoline Car Sales
General Motors has struggled with electric vehicles and in foreign markets but it is selling lots of combustion engine cars and trucks in North America.
General Motors has struggled with electric vehicles and in foreign markets but it is selling lots of combustion engine cars and trucks in North America.
The company’s revenue was 15 percent higher compared with last year, and it solidified its standing as the entertainment company’s dominant streaming service.
Sales of the company’s electric cars dropped in the first three months of the year, even as other automakers sold more battery-powered vehicles.
The A.I. chip maker’s revenue more than tripled, and profits rose ninefold. It also projected that its revenue would more than triple again.
Ford Motor attributed the loss in the fourth quarter to charges related to pension plans and a restructuring of overseas operations.
The company laid off more than 500 of its employees on Monday, or about 10 percent of its global work force.
The iPhone maker’s share price dropped in after-hour trading even though sales and profit topped Wall Street expectations.
The tech giant introduced the Rufus chatbot. It has lagged behind others on introducing consumer-facing generative artificial intelligence.
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