GM, Ford may see profit hit amid cooling EV demand, US dealer software problems
FFord Motor(F) Fox Business·2024-07-23 07:15

General Motors and Ford may post lower profit when they report quarterly results this week, as the industry's high-stakes bet on EVs fails to pay off, while a cyberattack on a crucial computer network used by dealerships disrupted sales. GM is expected to report a 7.7% drop in second-quarter net income, while Ford is expected to post a 10% drop in profit, according to data from LSEG. GM is scheduled to report its results on Tuesday and Ford the following day.The cyberattack-induced outage at CDK forced the ...