by Amruth Sundarkumar | Jul 27, 2022 | Corporates, Investment Grade Bonds
General Motors (GM) reported a 40.3% fall YoY in net income to $1.7bn due to loss in China and supply-chain disruptions for Q2. Revenues rose 5% to $35.8bn due to strong pricing and higher volumes. However, during the quarter, GM could not ship 100k vehicles on the...
by Amruth Sundarkumar | Mar 21, 2022 | Corporates
SoftBank has sold its stake in Cruise, a self-driving car subsidiary of American auto major General Motors (GM). Since 2018 SoftBank had invested $1.2bn in Cruise, and GM would now pay $2.1bn to buy SoftBank Vision Fund’s stake and infuse another $1.35bn in the...
by Amruth Sundarkumar | Jan 6, 2022 | Corporates
American auto major General Motors (GM) announced via its electric commercial vehicle business, BrightDrop that it has signed a new deal with Walmart Inc. and expanded its supply agreement with FedEx Corp. As per the deal, Walmart will reserve 5,000 of...
by bondevalue | May 7, 2021 | High Yield Bonds
General Motors (GM) reported strong Q1 earnings with revenues of $32.5bn, almost unchanged vs. the same period last year while net profits stood at $3bn compared to $294mn last year. The net income and EBIT margins saw a significant improvement at 9.3% and 13.6% in...
