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…

The internet industry is suing California over its net neutrality law

The internet industry is suing the state of California over its days-old net neutrality law. The lawsuit, filed on Wednesday by major trade groups representing broadband companies, is the second…