General Motors reports strong first-quarter profits as prices help offset small US sales dip
Tuesday, 23 April 2024 Despite a small dip in U.S. vehicle sales, General Motors’ first-quarter net income rose more than 25% on strong deliveries of pickup trucks and other higher-profit vehicles. The Detroit automaker said that while its average sales price per vehicle was down slightly from last year at just under $50,000, pickup sales remained strong. GM said it's not seeing the price erosion across its lineup that other companies have experienced. GM on Tuesday said it made $2.97 billion from January through March, with revenue increasing 7.6% over the same period a year ago to just over $43 billion. Excluding one-time items the company made $2.62 per share, beating Wall Street estimates of $2.13, according to FactSet.
Home Prices Dip , as Homebuyers Show , Dwindling Interest.
'Newsweek' reports that home sellers
have started to cut prices in an effort
to attract buyers amid lagging demand.
According to a recent..
Credit: Wibbitz Top Stories Duration: 01:30Published
Sony Names New PlayStation Co-CEOs , Following Jim Ryan’s Departure.
Beginning June 1, Hermen Hulst and Hideaki Nishino will lead PlayStation, The Verge reports.
Beginning June 1, Hermen Hulst and..
Credit: Wibbitz Top Stories Duration: 01:30Published
The unconventional challenger brand unveiled the new CUPRA Formentor and CUPRA Leon, redesigned and enhanced to continue the success story.
The new CUPRA Formentor arrives to build on the great..
Tuesday, 23 April 2024
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