First-quarter net income slipped 6.6 percent to $2.8 billion, while revenue rose 2.3 percent to $44 billion.
The recall includes the 2021-24 Chevrolet Silverado 1500 and GMC Sierra 1500 pickups and Chevy Tahoe and Suburban, GMC Yukon and Cadillac Escalade SUVs with the 6.2-liter V-8 L87 engine.
Cadillac confirmed the Optiq-V compact crossover arriving this year as a fifth-generation V-Series model and the second V-Series EV after the Lyriq midsize crossover.
JP Clausen wrote April 22 that he is resigning as executive vice president of global manufacturing. He succeeded the retiring Gerald Johnson in April 2024.
The midsize crossover gets an assist from its electric powertrain to speed from 0 to 60 mph in 3.4 seconds.
Cadillac will have 4 new EVs on sale this year — the Escalade IQ and longer Escalade IQL, Optiq and Vistiq.
Chevy has been riding high on its expanding EV lineup, led by the Equinox compact crossover as its affordable volume nameplate.
President Donald Trump’s auto tariffs could further pressure an industry that for several years has watched average transaction prices and interest rates creep upward.
General Motors awarded CEO Mary Barra compensation of $29.5 million in 2024, a 5.9 percent bump from the year before as the automaker posted strong earnings and executed on key business goals.
The Corvette concept, which the automaker said is not intended for production, was an advanced design study by a design team based at a new studio in England. GM said more Corvette concepts are coming this year, as is a GMC concept.