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Michael Wayland - 1 GM's EVs - 1 GOOGL - 1 Jennifer Elias - 1 Goldman Sachs - 1 Kash Rangan - 1 Rangan - 1 Peter Grom - 1
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Search resuls for: "GM's EVs"


5 mentions found


☆ Earnings playbook: Alphabet and General Motors lead off a busy week of reports
  + stars: | 2023-07-23 | by ( Fred Imbert | ) www.cnbc.com   time to read: +12 min
Tuesday General Motors is set to report earnings before the bell, followed by a call at 8:30 a.m. What history shows: GM earnings beat earnings expectations 86% of the time, according to Bespoke. Alphabet is set to report earnings after the bell, with management slated to hold a call at 5 p.m. This quarter: Earnings for the tech giant are expected to have grown by 10% from the year-earlier period, per Refinitiv. What history shows: Bespoke data shows Alphabet earnings beat expectations 68% of the time, and the stock rises more than 1% on earnings day.
Persons: Michael Wayland, GM's EVs, GOOGL, Jennifer Elias, Goldman Sachs, Kash Rangan, Rangan, Peter Grom, Leslie Josephs, Max, Wells, Zachary Fadem, Jonathan Vanian, Meta, Refinitiv, Jefferies, Andy Barish, LUV, — CNBC's Michael Bloom Organizations: General Motors, Microsoft, Refinitiv, CNBC, company's, Silverado, United Auto Workers union, Investors, Management, PepsiCo, UBS, Boeing, Corporate, Twitter, Meta, Southwest Airlines, U.S, Southwest Locations: U.S, FactSet
☆ Automakers find a tax credit loophole to increase EV leasing and boost sales
  + stars: | 2023-05-13 | by ( Michael Wayland | ) www.cnbc.com   time to read: +6 min
Buying a used Ioniq, which is produced in South Korea and Indonesia, wouldn't earn him $7,500 off through a federal tax credit. "I ran the numbers — what it would be without the leasing credit and with the leasing credit — and that kind of put me over the top and that was the main thing of why I went in that direction," he said. For a $50,000 EV and a 36-month lease, Chesbrough estimates the full $7,500 tax credit equates to $222 in monthly savings for a consumer. "It also allows them to level the playing field against competitors who get the full tax credit when purchasing." I wouldn't call it leveling the playing field," Watson said of leasing qualifying for the $7,500 tax credit.
☆ 5 tips for charging your electric car at home, according to a top EV executive at GM
  + stars: | 2023-05-10 | by ( Nora Naughton | ) www.businessinsider.com   time to read: +4 min
It's important to put a lot of research into your charger purchase when you shop for an EV. Right now, about 80% of all EV charging is done at home when your car is stationary for the longest time, Sequeria said. GM has addressed this by integrating the charging purchase into the vehicle purchase at the dealership, he said. (More on EV charging types and levels here). Learn more about how your local utility charges for electricityNot all states are the same when it comes to charging for charging.
☆ General Motors doesn’t expect significant U.S. production of EVs until second half of year
  + stars: | 2023-01-31 | by ( Michael Wayland | ) www.cnbc.com   time to read: +4 min
Barring any supply chain problems, Betts said electric vehicles should be easier and faster to build than traditional vehicles with internal combustion engines for an experienced automaker. Photo by Steve Fecht for General MotorsBut others such as Hyundai Motor and Ford Motor have been ratcheting up production of EVs. Industry leader Tesla also targets to produce 2 million electric vehicles globally this year. Ford, which ranked second in EV sales in the U.S. last year, expects to increase production of its electric Ford F-150 Lightning. GM expects to ramp-up production of the Bolt models, which use older battery technology, to 70,000 vehicles this year, GM has said.
☆ GM smashes expectations and guides toward a strong 2023, despite margin squeeze
  + stars: | 2023-01-31 | by ( Michael Wayland | ) www.cnbc.com   time to read: +4 min
Shares of GM rallied as much as 9.5% during trading Tuesday before closing at $39.32 a share, up by 8.4%. GM's net income slipped last year, down by less than 1% from full-year 2021 to $9.9 billion, with a profit margin that was off 1.6 percentage points to 6.3%. 2023 guidanceFor 2023, GM expects net income attributable to stockholders of between $8.7 billion and $10.1 billion. It expects adjusted earnings before interest and taxes of $10.5 billion to $12.5 billion and adjusted earnings per share of between $6 and $7. Following recent price cuts for Tesla vehicles and Ford's Mustang Mach-E crossover, Jacobson said GM feels its EVs "are well positioned" with pricing.
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