GM Q2 Profits: $1.2 Billion, Down Due To New Pickup Launch Costs

General Motors said that costs associated with the launch of their redesigned pickup trucks and weaker results in Asia (except for China) lowered net income for the second fiscal quarter of 2013 by 19% from last year, to $1.2 billion.

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  • Chris "If" our performance future is electric"??? Make no mistake..it is. There are a plenty of examples of performance EV's that beat the crap out of most ICE cars. My Kia EV6 GT will beat most cars on the road in a straight line (11.3 s 1/4 mile- best pass). This is only the beginning. When a Tesla Plaid, at around $73K used can beat most dedicated races cars...the future is upon us. Why fight it.
  • Mister Unless I'm mistaken, there isn't a single-cab version in the current generation of RAM trucks. So I guess Stellantis is giving up the bottom dollar fleet market entirely.
  • Tailpipe Tommy "Easier navigation functionality." You know what's easy? iDrive 6/7. Peak functionality, actual knobs/ buttons, fast, intuitive, not buggy. Everything after 7 has been an unmitigated disaster. Can't wait for iDrive 9, when they completely switch hardware & software platforms and base it all on Android Auto OS. Also the screen will probably be so big that it will block the driver's view out of the car.
  • UncleAL I hereby present my offer to buy Fisker, in all cash, for a dollar two ninety !Or, I can just max out my credit card ($1,000 limit)....
  • FreedMike No way anyone could have seen this coming.