#general-motors

#general-motors

General Motors is laying off thousands of workers across multiple electric vehicle and battery plants in the U.S., according to multiple outlets. Around 1,200 employees at the company's EV factory in Detroit, Michigan, are being placed on "indefinite layoff." Further cuts and temporary layoffs are being made at GM's Ultium Cells battery factories in Ohio and Tennessee. GM will also idle those battery factories starting on January 5, according to the Wall Street Journal, with plans to resume production in the middle of 2026.

Boeing played an integral role in World War 2. The B-17 Flying Fortress and B-29 Superfortress bombers, both produced by Boeing, became iconic symbols of American air power. These aircraft delivered devastating blows to Axis forces, with the B-29s dropping the atomic bombs on Japan. Aside from bombers, Boeing also manufactured fighter planes, reconnaissance aircraft, and transport planes.

Markets continue to push higher on strong earnings and upgrades. At the moment, Dow futures are up about 23 points. Nasdaq futures are up about three, as the S&P 500 tacks on about two points. All gaining a boost after General Motors ( NYSE: GM) hiked its guidance for the full year and beat earnings expectations. In fact, GM's EPS of $2.80 was better than the $2.31 expected. Revenue of $48.59 billion was better than the estimates of $45.27 billion.

There's a lot to be excited about in the 2027 Chevrolet Bolt. From what we know so far, it will have a Tesla-style North American Charging Standard (NACS) plug, a lithium-iron-phosphate (LFP) battery pack and a familiar design packed with the latest software and safety features-all for a price around or below $30,000. Like the last Bolt EV and EUV, it could be a big hit.

Tesla's potential for creating an affordable, high-spec electric vehicle is hindered by uncertainties about its future models, despite high expectations from consumers.

General Motors' second-quarter core profit fell 32% to $3 billion due to challenging tariff policies, which sapped $1.1 billion from the results.

General Motors has adjusted its profit forecast for 2025 down by over 20% owing to substantial tariff-related costs, impacting their vehicle pricing and production.