CFO: ‘We feel good at the way that they’re being received’
General Motors reported a $1.7 billion loss on Tuesday in its fourth quarter earnings call in the production and sale of its electric vehicle line, despite having positive net income growth in the quarter.
The automaker’s net income for the fourth quarter rose 5.2% year-over-year to $2.1 billion despite a reduction in revenue over that time frame of 0.3%, according to GM’s fourth quarter earnings report. The losses on EVs accompany a $1.1 billion total loss from a six-week-long strike by the United Auto Workers that partially halted operations, with the union gaining a new work contract that could raise labor costs in the coming year, according to the company’s investor earnings call.
And you the taxpayers continue to secretly bail them out.
Awesome !!!!
ALL on Biden & his Anti-American Democrats !!!!!!!! WOKE GO BROKE !!!
Americans were Armed then & are Armed now !!!