DAILY ROUNDUP | OCT 21 | GM $11.2B EV Hit, Citigate £4.05M Loss, FTC AI Pricing
Got something to say to this podcast? Send a voicemail, and you might hear yourself on the next episode!
The automotive industry is discovering that record revenue doesn't guarantee profitability. Dealership costs are rising faster than sales, automakers are absorbing billions in EV restructuring expenses, and AI-driven pricing is raising new regulatory concerns.
Today's episode breaks down Citigate's £4.05 million pre-tax loss despite growing revenue, GM's $50 billion-plus quarter and $11.2 billion in EV retrenchment charges, proposed FTC disclosure requirements for personalized vehicle…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.