Top News:
- Exclusive: Tesla’s Klaus Grohmann ousted after clash with CEO Musk – sources – Reuters: Tesla executive Klaus Grohmann was ousted last month after a clash with Chief Executive Elon Musk over the strategy of Grohmann’s firm, which Tesla had acquired in November, a source familiar with the matter told .
- GM’s Q1 profit surges 34% on North America strength – Automotive News: General Motors said its earnings jumped 34 percent in the first quarter, defying a slowdown in the U.S. market with stronger retail sales of SUVs and crossovers and growth at its financing arm. GM’s net income of $2.
- U.S. truck, crossover sales spark jump in GM first-quarter profit – Reuters: General Motors Co on Friday reported a much better-than-expected first-quarter net income driven by strong sales of its profitable large pickup trucks and crossovers in the United States, sending its shares up nearly 2 percent in premarket trading.
