Episode #1403: GM raises guidance as North American profits jump 43%, despite ongoing EV-related charges. Independent repair shops struggle to keep pace with increasingly complex vehicles. Plus, South Korea’s Hyundai department store is betting that digital retail can win through discovery, not faster checkout.
autonews.com/general-motors/an-general-motors-q2-earnings-0721
GM is heading into the second half of the year with stronger pricing, better margins, and a much healthier North American business. But those gains are still being weighed down by billions in EV-related charges as the company continues recalibrating its electric vehicle strategy.
-GM’s North American profit jumped 43% to $3.45 billion, while global adjusted earnings rose 30% to $3.94 billion.
-Stronger vehicle sales and transaction prices pushed global revenue to $48 billion, with operating margins climbing above 8%.
-GM raised its full-year adjusted earnings guidance again, now forecasting $14 billion ...