The 2019 Ram 1500 Rebel pickup truck is displayed at the North American International Auto Show in Detroit on Jan. 15, 2018. Brendan McDermid | Reuters DETROIT — Automakers Stellantis plans to indefinitely lay off up to 2,450 US factory workers later this year as it discontinues production of an older version of its Ram…
Workers assemble second-generation R1 vehicles at electric auto maker Rivian’s manufacturing facility in Normal, Illinois, US June 21, 2024. Joel Angel Juarez | Reuters Rivian Automotive beat Wall Street’s top- and bottom-line expectations for the second quarter as the electric vehicle maker continues to take costs out of its business. Here is how the company…
2025 Chevrolet Corvette ZR1 Coupe with ZTK Performance Package. DETROIT — Tadge Juechter’s first “taste” of Corvette working at General Motors was to research whether there were enough Americans who could afford a new high-performance model of the famed sports car, known as the ZR1, back in 1985. Nearly 40 years later, not only are…
In an aerial view, a sign is posted on the exterior of a Carvana car vending machine on in Daly City, California, on July 19, 2023. Justin Sullivan | Getty Images Shares of Carvana jumped as much as 14% during after-hours trading Wednesday as the company topped Wall Street’s expectations for the second quarter and…
Boeing’s Starliner spacecraft is pictured docked to the International Space Station. NASA Boeing’s crew spacecraft Starliner will stay docked with the International Space Station into August, NASA confirmed on Thursday, as the mission remains on hold while the company and agency study problems that arose early in the flight. Starliner capsule “Calypso,” which carried NASA…
A person walks into a UPS (United Parcel Service) customer center on April 1, 2024 in Los Angeles, California. Mario Tama | Getty Images United Parcel Service on Tuesday reported profit and revenue for the second quarter that came in below expectations and cut its 2024 revenue guidance. The company’s stock fell 12%, posting its…
Investors and analysts are eagerly awaiting the announcement. It is expected to show how the company has done financially in the past quarter. The report is important for General Motors. It will show how the automaker has dealt with recent industry challenges. These include supply chain problems and changing demand. Analysts will closely study important financial metrics. These include revenue, profit margins, and cash flow. They will use these to assess the company’s health and future prospects.
