Reported about 1 month ago
General Motors (GM) and Ford Motor are preparing to report quarterly results amid concerns from investors regarding their pricing power in the gasoline car market and ongoing losses from electric vehicle (EV) investments. GM, which reports on October 22, has seen a rise in share prices attributed to strong gas-powered vehicle sales, while Ford struggles with quality issues and significant EV losses, leading to an 8% drop in its share value. Both automakers are pivoting towards higher-margin gasoline models as they grapple with market uncertainties and changing consumer preferences, which may affect their future profitability.
Source: YAHOO