Home / Articles / Why GM profits dropped 40% in the second quarter

Why GM profits dropped 40% in the second quarter

Why GM profits dropped 40% in the second quarter Image
  • Posted on 26th Jul, 2022 15:33 PM
  • 1402 Views

General Motors said Tuesday it’s moving to take more control over its supply chain in response to a dismal second quarter that saw profits fall 40% year-over-year as it shifts more towards EVs. The automaker reported second-quarter net income of $1.69 billion, a 40% reduction from the $2.84 billion…

Why GM profits dropped 40% in the second quarter View Story
Tech Big News
Tech Big News
Why GM profits dropped 40% in the second quarter View Story

Latest in Tech Big News

Shopify lays off 10% of its workforce as rapid pandemic growth slows

Shopify lays off 10% of its workforce as rapid pandemic growth slows

layoffs 26th Jul, 2022 15:33 PM
Pogo lands millions to become the ‘Honey for the real world’

Pogo lands millions to become the ‘Honey for the real world’

advertising 26th Jul, 2022 15:33 PM
Former a16z partner starts solo fund to back early-stage fintech startups

Former a16z partner starts solo fund to back early-stage fintech startups

Fintech 26th Jul, 2022 15:18 PM
Fintech Guava raises $2.4M to provide banking services to Black small-business owners

Fintech Guava raises $2.4M to provide banking services to Black small-business owners

backstage capital 26th Jul, 2022 15:18 PM
Eutelsat and OneWeb agree merger to create European satellite juggernaut

Eutelsat and OneWeb agree merger to create European satellite juggernaut

Eutelsat 26th Jul, 2022 15:18 PM
Babbel brings its B2B language learning service to the U.S.

Babbel brings its B2B language learning service to the U.S.

babbel 26th Jul, 2022 15:03 PM
New York City’s Interplay is raising $10M for new blockchain fund

New York City’s Interplay is raising $10M for new blockchain fund

articles 26th Jul, 2022 15:03 PM
Meta weighs downgrading Covid-19 misinfo policy to labels and demotion instead of removal

Meta weighs downgrading Covid-19 misinfo policy to labels and demotion instead of removal

26th Jul, 2022 15:03 PM
Instagram responds to criticism with shocking revelation that it will ‘continue to support photos’

Instagram responds to criticism with shocking revelation that it will ‘continue to support photos’

adam mosseri 26th Jul, 2022 14:33 PM
A newly discovered malware hijacks Facebook Business accounts

A newly discovered malware hijacks Facebook Business accounts

africa 26th Jul, 2022 14:33 PM

Trending Category

Latest Web Story

Shopify lays off 10% of its workforce as rapid pandemic growth slows Web Story

Shopify lays off 10% of its workforce as rapid pandemic growth slows Web Story

Pogo lands millions to become the ‘Honey for the real world’ Web Story

Pogo lands millions to become the ‘Honey for the real world’ Web Story

Former a16z partner starts solo fund to back early-stage fintech startups Web Story

Former a16z partner starts solo fund to back early-stage fintech startups Web Story

Fintech Guava raises $2.4M to provide banking services to Black small-business owners Web Story

Fintech Guava raises $2.4M to provide banking services to Black small-business owners Web Story

Eutelsat and OneWeb agree merger to create European satellite juggernaut Web Story

Eutelsat and OneWeb agree merger to create European satellite juggernaut Web Story

Babbel brings its B2B language learning service to the U.S. Web Story

Babbel brings its B2B language learning service to the U.S. Web Story

New York City’s Interplay is raising $10M for new blockchain fund Web Story

New York City’s Interplay is raising $10M for new blockchain fund Web Story

Meta weighs downgrading Covid-19 misinfo policy to labels and demotion instead of removal Web Story

Meta weighs downgrading Covid-19 misinfo policy to labels and demotion instead of removal Web Story

Weekly Trending In Tech Big News

General Motors issues third recall for Chevrolet Bolt EVs, citing rare battery defects

General Motors issues third recall for Chevrolet Bolt EVs, citing rare battery defects

Chevrolet 31st Aug, 2021 10:14 AM
Ford officially adds Maverick, a compact pickup truck, to its lineup

Ford officially adds Maverick, a compact pickup truck, to its lineup

electric vehicles 31st Aug, 2021 08:33 AM
Mark Cuban hasn’t profited from his ‘Shark Tank’ investments

Mark Cuban hasn’t profited from his ‘Shark Tank’ investments

america 22nd Jul, 2022 16:33 PM
Former Theranos exec Sunny Balwani is found guilty

Former Theranos exec Sunny Balwani is found guilty

aids 07th Jul, 2022 19:33 PM
Sony’s best-in-class noise-canceling earbuds finally get a pricey upgrade

Sony’s best-in-class noise-canceling earbuds finally get a pricey upgrade

earbuds 31st Aug, 2021 08:40 AM

Monthly Trending In Tech Big News

Mark Cuban hasn’t profited from his ‘Shark Tank’ investments

Mark Cuban hasn’t profited from his ‘Shark Tank’ investments

america 22nd Jul, 2022 16:33 PM
Meta’s next VR headset might be called the Quest Pro

Meta’s next VR headset might be called the Quest Pro

computing 07th Jul, 2022 18:03 PM
Former Theranos exec Sunny Balwani is found guilty

Former Theranos exec Sunny Balwani is found guilty

aids 07th Jul, 2022 19:33 PM
Feds must step in or renewable energy will have nowhere to go, says MIT report

Feds must step in or renewable energy will have nowhere to go, says MIT report

MIT 07th Jul, 2022 19:03 PM
Things get messy for Elon Musk with report about new twins he shares with Neuralink exec

Things get messy for Elon Musk with report about new twins he shares with Neuralink exec

austin 07th Jul, 2022 00:03 AM

All Time Trending In Tech Big News

Indian tech startup exposed Byju’s student data

Indian tech startup exposed Byju’s student data

Bengaluru 31st Aug, 2021 09:06 AM
Mark Cuban hasn’t profited from his ‘Shark Tank’ investments

Mark Cuban hasn’t profited from his ‘Shark Tank’ investments

america 22nd Jul, 2022 16:33 PM
YouTube TV begins rolling out 5.1 surround sound across Google TV, Android TV and Roku devices

YouTube TV begins rolling out 5.1 surround sound across Google TV, Android TV and Roku devices

Android TV 08th Jun, 2022 17:00 PM
Joby Aviation secures certificate to operate commercial air taxis

Joby Aviation secures certificate to operate commercial air taxis

aerospace 26th May, 2022 10:45 AM
Ford officially adds Maverick, a compact pickup truck, to its lineup

Ford officially adds Maverick, a compact pickup truck, to its lineup

electric vehicles 31st Aug, 2021 08:33 AM

Latest 20 Post

Jon Hamm: Jon Hamm Joins Apple TV+’s ‘The Morning Show’

Jon Hamm: Jon Hamm Joins Apple TV+’s ‘The Morning Show’

Steven Seagal: Steven Seagal appears in Ukraine, serving as a Russian spokesperson

Steven Seagal: Steven Seagal appears in Ukraine, serving as a Russian spokesperson

CPI: Dollar tumbles after cooler-than-expected U.S. inflation data

CPI: Dollar tumbles after cooler-than-expected U.S. inflation data

Jennette McCurdy: Jennette McCurdy says her mom warned her not to get 'too close' to 'iCarly' costar Miranda Cosgrove because she 'doesn't believe in God'

Jennette McCurdy: Jennette McCurdy says her mom warned her not to get 'too close' to 'iCarly' costar Miranda Cosgrove because she 'doesn't believe in God'

Venus Williams: "Serena Williams is the greatest female athlete, it's great to have her & Venus still on the tour" - Maria Sakkari 

Venus Williams: "Serena Williams is the greatest female athlete, it's great to have her & Venus still on the tour" - Maria Sakkari 

Langya virus: Dozens in China Infected With New ‘Langya’ Virus Carried by Shrews - BNN Bloomberg

Langya virus: Dozens in China Infected With New ‘Langya’ Virus Carried by Shrews - BNN Bloomberg

Taika Waititi: Taika Waititi Didn't Know Hercules Was A Marvel Character

Taika Waititi: Taika Waititi Didn't Know Hercules Was A Marvel Character

Whitney Houston: Whitney Houston and Bobbi Kristina Brown

Whitney Houston: Whitney Houston and Bobbi Kristina Brown

Real Madrid: Slavia Prague v Real Madrid: third outing of pre-season campaign | Real Madrid CF

Real Madrid: Slavia Prague v Real Madrid: third outing of pre-season campaign | Real Madrid CF

The Breakfast Club: Is the Breakfast Club Over?

The Breakfast Club: Is the Breakfast Club Over?

Amanda Seyfried: Amanda Seyfried says she shot nude scenes early in her career as she didn't want to 'upset' anyone

Amanda Seyfried: Amanda Seyfried says she shot nude scenes early in her career as she didn't want to 'upset' anyone

Wisconsin primary 2022: 2022 Wisconsin primary elections results

Wisconsin primary 2022: 2022 Wisconsin primary elections results

What does the future look like for e-commerce aggregators?

What does the future look like for e-commerce aggregators?

Amazon 10th Aug, 2022 19:33 PM
Plex introduces a social experience to its streaming app with launch of ‘Discover Together’

Plex introduces a social experience to its streaming app with launch of ‘Discover Together’

Android 10th Aug, 2022 19:33 PM
Jumia shares rise as the company’s e-commerce business revs up in Q2

Jumia shares rise as the company’s e-commerce business revs up in Q2

africa 10th Aug, 2022 19:33 PM
Not to jinx it, but SaaS valuations appear to be staging a recovery

Not to jinx it, but SaaS valuations appear to be staging a recovery

cloud applications 10th Aug, 2022 18:33 PM
Nanopath is looking to drastically change medical diagnostics

Nanopath is looking to drastically change medical diagnostics

diagnostics 10th Aug, 2022 18:33 PM
Meta Portal owners can now use their devices as a second screen for PCs and Macs

Meta Portal owners can now use their devices as a second screen for PCs and Macs

AI 10th Aug, 2022 18:33 PM
How to conduct a reduction in force: Planning, execution and follow-up

How to conduct a reduction in force: Planning, execution and follow-up

EC How To 10th Aug, 2022 17:33 PM
Amazon expands palm scanning payment tech to 65 more Whole Foods locations

Amazon expands palm scanning payment tech to 65 more Whole Foods locations

Amazon 10th Aug, 2022 17:33 PM
Group of security companies launches open source project to ease data sharing

Group of security companies launches open source project to ease data sharing

AWS 10th Aug, 2022 17:03 PM
FullStory secures $25M to help companies spot issues in their apps and websites

FullStory secures $25M to help companies spot issues in their apps and websites

analytics 10th Aug, 2022 17:03 PM
Use a scalpel when cutting startup expenses, not an axe

Use a scalpel when cutting startup expenses, not an axe

business 10th Aug, 2022 16:33 PM
Dear Sophie: Which immigration options are best for a decentralized team in the US?

Dear Sophie: Which immigration options are best for a decentralized team in the US?

EC Column 10th Aug, 2022 16:33 PM
5 takeaways from Coinbase’s disappointing Q2 results

5 takeaways from Coinbase’s disappointing Q2 results

Bitcoin 10th Aug, 2022 15:33 PM
Stark wants to make it easier to design accessible websites and software

Stark wants to make it easier to design accessible websites and software

accessibility 10th Aug, 2022 15:33 PM
Samsung ditches the physical bezel, picks up a Pro Model for the Galaxy Watch 5

Samsung ditches the physical bezel, picks up a Pro Model for the Galaxy Watch 5

galaxy watch 10th Aug, 2022 15:18 PM

Tech Big News

Newspark vitae elementum ros. Pellentesquees Leo sed mi ullamcorper tristique mauris varius. congue enim in arcu maximus feugiat vitae ut quam finibus risus molestie viverra.

News categories

© 2022, CloneTM | All rights reserved | Design by CloneTM