Electric Pickups And SUVs Continue To Power Up GM And Ford's EV Progress [Yahoo! Finance]
General Motors Company (GM)
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Source: Yahoo! Finance
General Motors (NYSE: GM ) also posted its best quarterly sales figures in more than three years and it owes it to notable increases in pickup truck and EV sales. Moreover, its second quarter EV deliveries reached a record, while its full-size pickup truck deliveries were the highest since 2021. General Motors In the second quarter, GM delivered 696,086 vehicles, marking a 0.6% YoY increase and highest since the fourth quarter of 2020. GM reported record EV sales that grew 40% YoY to 21,930, boosted by a jump in deliveries of the Cadillac Lyriq. But, EVs still made only 3.2% of its total second-quarter sales. GM sold about 229,000 full-size pickup trucks which is a 6% YoY increase. For the first half of the year, GM's total sales contracted 0.4% YoY to almost 1.3 million vehicles. On a less bright note, the US Environmental Protection Agency revealed this week thatGM failed to comply with the Clean Air Act and will need to pay a penalty of $145.8 million penalty due to excess CO2
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GM
Earnings
- 7/23/24 - Beat
GM
Sec Filings
- 9/11/24 - Form 3
- 9/5/24 - Form 8-K
- 8/27/24 - Form 4
- GM's page on the SEC website