Buffett-backed BYD’s net income jumps more than 400% on EV sales surge

BYD Co.’s revenue far more than quintupled final year immediately after the Chinese automaker sold a record selection of electrical autos and intensified its battle with Tesla Inc. for market…

GM affirms 2022 profit outlook, but shares drop as net income sinks 40%

DETROIT — Common Motors Co on Tuesday reaffirmed its total-calendar year income outlook on an expected surge in demand and reported it was curbing paying and hiring in advance of…

GM expects Q2 net income of between $1.6 billion and $1.9 billion

Mary Barra, Chair and CEO of the Typical Motors Firm (GM), speaks through the Milken Institute World-wide Convention in Beverly Hills, California, on May perhaps 2, 2022. Patrick T. Fallon…