GM electric vehicles still not profitable, company sees ‘progress’
Automotive expert Mike Caudill responded to California's controversial effort to use electric cars as police vehicles during an appearance on “The Big Money Show.” General Motors said its electric vehicles are not yet profitable, but the company is seeing “progress” in the industry. GM made the announcement in a letter to shareholders detailing its third […]
Disney's streaming business is profitable for first time, but slowing US park business ups anxiety
Disney returned to a profit in the third quarter as its integrated streaming business began to turn a profit for the first time and the film “Inside Out 2” performed well at the box office. Operating profit at the entertainment unit, which includes its movie studios and parts of its TV division, nearly tripled to […]
Ford Expanding Production of Profitable Trucks at Plant Meant for EVs
Ford Motor Co. is expanding production of its higher-margin gasoline-powered Super Duty pickup trucks at its Oakville, Ontario, assembly plant, which was meant to be an all-electric plant making only electric vehicles. On Thursday, Ford CEO Jim Farley Announced The company said it will invest $3 billion to expand production of its F-Series Super Duty […]