General Motors now has 140,000 reservations for its electric Chevrolet Silverado pickup, due in 2023

2024 Chevrolet Silverado EV RST

General Motors now has about 140,000 reservations for the upcoming electric version of its Chevrolet Silverado pickup, CEO Mary Barra said during GM’s first-quarter earnings presentation on Tuesday.

GM has promised that the Silverado EV will have at least 400 miles of range, new fast-charging capabilities, and a four-wheel steering system when it goes into production early next year.

GM is positioning the Silverado EV as a direct rival to Ford Motor’s electric F-150 Lightning. Ford had about 200,000 reservations for the F-150 Lightning when it stopped taking new orders for the truck in December. Production of the Lightning began earlier Tuesday.

GM’s shares were up about 0.7% in after-hours trading. The company reported a decline in first quarter net earnings and profit margin Tuesday afternoon.

Source

Business

How NFL quarterback Lamar Jackson is leveraging his horse racing team to build up Baltimore

May 16, 2025

Lamar Jackson with the winners of the 2025 NTL Kickoff Race. Courtesy: National Thoroughbred League Baltimore Ravens quarterback Lamar Jackson has a singular goal both on the football field and as owner of the Maryland Colts horse racing franchise in the National Thoroughbred League. “I just want to win a championship,” Jackson told CNBC. “I […]

Business

Cava revenue beats estimates as Mediterranean chain reports double-digit same-store sales growth

May 15, 2025

A customer exits a Cava restaurant in New York City on June 22, 2023. Brendan McDermid | Reuters Cava on Thursday reported better-than-expected sales in its latest fiscal quarter, shaking off the malaise the broader restaurant industry has felt as consumers have cut back on dining. The Mediterranean chain said its same-store sales grew 10.8% […]

Business

Walmart says it will hike some prices due to tariffs. Here’s what may cost more

May 15, 2025

Price increases are coming soon to a Walmart near you. On Thursday, Walmart CFO John David Rainey warned investors that even the retail giant known for its discounts will have to raise the prices of many items because of tariffs — despite a 90-day reprieve that lowered duties on Chinese imports to 30%. Goods from […]