It’s indicative of a central truth of the U.S. auto market. Sure, EVs are taking more share. But in the United States, that share isof what it is in Europe and about a quarter of the share in China. The home of gas-guzzling SUVs will be ruled by fossil fuels for a while.
Model Y and Model 3 sales in the United States in 2022 alone. Electric may be the future, but the present is sticking around for a while.General Motors reported revenue of $43.1 billion for the fourth quarter of 2022 on Jan. 31, nearly 4% above analysts’ expectations, according to data from Refinitiv. Adjusted operating profit for the full year came in at $14.5 billion, a record.
Detroit-based peer Ford Motor reported revenue of $44 billion for its fourth quarter on Feb. 2, 9% higher than analyst estimates. However, it recorded $10.4 billion of adjusted operating profit for the full year, below guidance of $11.5 billion.Opinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Breakingviews Love affair? I wouldn’t call it a love affair it’s the most efficient and practical source of fuel for vehicles currently. Battery technology is just not there yet.
Breakingviews CitadelScandal has overleveraged Teacher’s pensions. Lots of teachers will be affected. Ken Griffin should be in prison. Using Teacher’s pension funds for collateral for high risk stock market plays. And he lost. Now the teachers will lose. Their retirements.
good they are practical and work
keep building so we can keep buying them