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In 2022, CEO Travis Katz shared as part of GM's Investor day that the company was on track to generate $1 billion in revenue in 2023. [7] [8] In 2024, the BrightDrop division will be merged into Chevrolet, with the Zevo being renamed the Chevrolet BrightDrop beginning with the 2025 model year. [9]
The Verge reported that the company lost $561 million in Q1 2023, but said it remains on the path to reach $1 billion in revenue by 2025 and $50 billion by 2030. [ 149 ] In October 2016, GM began production of the Chevrolet Bolt EV , the first-ever mass market all-electric car with a range of more than 200 miles (320 km).
On March 24, 2008, GM reported a cash position of $24 billion, or $6 billion less than what was on hand September 31, 2007, [dubious – discuss] which is a loss of $1 billion a month. [45] A further quarterly loss of $15.5 billion, the third-biggest in the company's history, was announced on August 1, 2008.
Revenue reached $48.76 billion, beating estimates of $44.69 billion. Adjusted earnings per share came in at $2.96, surpassing the $2.43 that was expected. The automaker also raised its full-year ...
The expanded effort, which covers the U.S. and Canada, comes after Chevy recalled about 68,600 2017-2019 Bolt EVs in November. Chevy r Chevy expands $1 billion Bolt battery fire recall to more EVs ...
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