There’s big news today for Porsche (P911.DE) fans, and investors, as the luxury performance brand heads into the new year. Reuters reports Porsche is in talks with Google (GOOG, GOOGL) about fully integrating software like Google Maps and Google Assistant in the car’s cabin. This would allow users access to Google software natively in the car, without having to load Android Auto or any kind of projection software. The embedded Google software package is known as Google Automotive Services… Source link
Read More »Automaker reports strong Q3 profit, reaffirms guidance in ‘major step’ for Detroit stalwart
General Motors (GM) reported profit jumped in the third quarter, driven by record revenue and robust demand. For the quarter, GM reported revenue of $41.89 billion, just slightly below analyst expectations of $42.37 billion, but still a record amount for the automaker. GM’s adjusted third quarter EPS came in at $2.25, well ahead of expectations of $1.89, with adjusted net income jumping nearly 50% to $4.3 billion. What has surprised some on the Street is GM reaffirming its full-year EBIT… Source link
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