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

Paris Hilton’s million mansion deal helps power LA real estate market

Business

Paris Hilton’s $63 million mansion deal helps power LA real estate market

July 28, 2025

Agent Nicole Plaxen of The Beverly Hills Estates said she’s holding “constant showings” of this $118 million mansion in Bel Air. Credit: The Beverly Hills Estates A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight […]

Business

Spirit Airlines to furlough 270 pilots, downgrade more than 100 others as it prepares to cut flights

July 28, 2025

A Spirit Airlines Airbus A320 taxis at Los Angeles International Airport after arriving from Boston on September 1, 2024 in Los Angeles, California. Kevin Carter | Getty Images News | Getty Images Spirit Airlines said Monday that it will furlough 270 pilots this fall as the carrier prepares for a smaller off-season schedule to try […]

Business

Warner Bros. Discovery announces post-split companies will be ‘Warner Bros.’ and ‘Discovery Global’

July 28, 2025

David Zaslav, President and CEO of Warner Bros. Discovery, attends the Milken Institute Global Conference 2025 in Beverly Hills, California, U.S., May 7, 2025. Mike Blake | Reuters Warner Bros. Discovery on Monday announced the corporate names and leadership teams of its two future businesses as the company prepares to split in mid-2026. Its streaming […]