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. >> more clarity from cfo paul jacobson about how general motors plans to double its revenue. trading higher after hours a couple things to keep in mind. they plan to double their annual revenue by 2030. they get there by taking 140, annual revenue pre-covid and say we think we can double it. they are targeting margins 12 to 14%. they only expect to be doing $9 billion in a couple years from now. they would plan on services and subscriptions for people who have an electric vehicle or autonomous service vehicle from the company. they plan to lead the u.s. in ev sales. people are saying can they get there? stocks, no comparison over the last couple years. market share, no comparison, either we asked the numbers be run. in 2021, tesla controlled 63% of the ev sales general motors is number three with 9%. they have a huge hill to climb to catch up with tesla i am told they think they can get there because they will have a broader portfolio and over time that will help them increase their sales and shares of general motors, i want to keep you posted on what happened with paul jacob
. >> more clarity from cfo paul jacobson about how general motors plans to double its revenue. trading higher after hours a couple things to keep in mind. they plan to double their annual revenue by 2030. they get there by taking 140, annual revenue pre-covid and say we think we can double it. they are targeting margins 12 to 14%. they only expect to be doing $9 billion in a couple years from now. they would plan on services and subscriptions for people who have an electric vehicle or...
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Oct 6, 2021
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. >> the final presentation here at the gm investor day is cfo paul jacobson making some news in of thehe specifics jacobson is now outlining. the company planning to double its annual revenue to about $280 billion annually by 2030, also targeting margins of 12 to 14%. how are they going to get there? ev revenue of $90 billion a year by 2030 for some context, that would be a nine-fold increase from what the company expects in 2023 so they're not even close to 5 billion or so right now. they expect to get to 90 billion by 2030. gm cruise that is close to launching in california could generate up to $50 billion in annual revenue by 2030 and one last note, a big part of today has been pushing services and subscriptions through connective cars, the digital subscription, if you will, for people who are buying gm vehicles, electric and autonomous vehicles. the company says it could generate between 20 and $25 billion a year through those services and subscriptions that would be by 2030. that's how they expect to grow their revenues, double their revenues between now and the end of the decade.
. >> the final presentation here at the gm investor day is cfo paul jacobson making some news in of thehe specifics jacobson is now outlining. the company planning to double its annual revenue to about $280 billion annually by 2030, also targeting margins of 12 to 14%. how are they going to get there? ev revenue of $90 billion a year by 2030 for some context, that would be a nine-fold increase from what the company expects in 2023 so they're not even close to 5 billion or so right now....
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Oct 6, 2021
10/21
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we will hear from the cfo, paul ja jacobson later today big headlines. as you look at shares intraday not a whole lot of movement in shares the headline, they are planning on doubling their annual revenue by 2030. so if you go back to the last precovid normal year, if you will, they had about $142 billion in annual revenue. they plan to get up to $280 billion f just -- just to use that as a benchmark by 2030. they plan to do it primarily through boosting revenue through software and services. here's the ceo talking about the potential. >> yes, there will be subscriptions. we have a successful on star subscription business. we have that nochlkt we are going to build on that what is enabling this and the ability to offer so many software services is our v.i.p., our vehicle intelligent platform that allows us to do over the air updates to all the systems in the vehicle then you think about the sensor asks the cameras, we have. leveraging that functionality to provide value to the customer. >> another goal announced today, general motors will be the leader i
we will hear from the cfo, paul ja jacobson later today big headlines. as you look at shares intraday not a whole lot of movement in shares the headline, they are planning on doubling their annual revenue by 2030. so if you go back to the last precovid normal year, if you will, they had about $142 billion in annual revenue. they plan to get up to $280 billion f just -- just to use that as a benchmark by 2030. they plan to do it primarily through boosting revenue through software and services....
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Oct 1, 2021
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jacobson reports. >> megan rapinoe, into the top corner! >> reporter: outrage tonight from one of soccer's top women players, reacting to allegations of sexual misconduct by coach paul riley. megan rapinoe accused the national women's so, league of failing to address allegations of abuse against players writing on twitter, "men protecting men who are abusing women. burn it all down. lettal their heads role." rileigh is the third coach since august to be fired after allegations of abuse. he was let go after accused of sexual coercion by former players sinead farrelly and meleana shim, in a bombshell article in the athletic. farley said he coerced her into a sexual relationship when she was 22. meleana shim says she was manipulated by riley as well. >> farl farrelly, they said was brought back to paul riley's house and he encouraged her to kiss in the apartment. >> reporter: in cancelling this weekend's games, league president lisa baird apologized to the players and staff, saying, "i am so sorry for the pain so many are feeling." but star player alex morgan says she reported riley's behavior back in 2015. in a statement she said, "the league was informed of these all
jacobson reports. >> megan rapinoe, into the top corner! >> reporter: outrage tonight from one of soccer's top women players, reacting to allegations of sexual misconduct by coach paul riley. megan rapinoe accused the national women's so, league of failing to address allegations of abuse against players writing on twitter, "men protecting men who are abusing women. burn it all down. lettal their heads role." rileigh is the third coach since august to be fired after...
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Oct 2, 2021
10/21
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jacobson reports. >> megan rapinoe, into the top corner! >> reporter: outrage tonight from one of soccer's top women players, reacting to allegations of sexual misconduct by coach paul. megan rapinoe accused the national women's soccer league of failing to address allegations of abuse against players, writing on twitter, "men protecting men who are abusing women. burn it all down. let all their heads roll." riley is the third coach since august to be fired over allegations of abuse. the north carolina courage let him go after he was accused of sexual coercion by former players sinead farrelly and, b" when she was 22, and recruited her to three different teams he coached. her portland thorns teammate meleana shim says she was manipulated by riley as well. >> farrelly, they said, were brought back to paul riley's house after a night of drinking out with the team, and he encouraged them to kiss in his apartment. >> reporter: in canceling this weekend's games, league president lisa baird apologized to the players and staff, saying, "i am so sorry for the to the players and staff, saying, "i am so pain so many are feeling." but star player alex morgan says she reported r
jacobson reports. >> megan rapinoe, into the top corner! >> reporter: outrage tonight from one of soccer's top women players, reacting to allegations of sexual misconduct by coach paul. megan rapinoe accused the national women's soccer league of failing to address allegations of abuse against players, writing on twitter, "men protecting men who are abusing women. burn it all down. let all their heads roll." riley is the third coach since august to be fired over allegations...
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william jacobson, a professor at cornell law school, he concludes that race has become an obsession of these elite schools, says they dominate the issue dominates the culture into academics. he says paulfuture leaders of government and industry in the set of society focus on equality, will be faced with race based classifications and conflict. stu: and i think he's right. some parents who speak out against crt could face an fbi investigation. what exactly is the justice department saying? >> the department of justice is asking fbi to meet with state and local law enforcement the next month to talk about how they will investigate alleged threats or what they call to be threat supposedly made by parents against scoreboards. reporter: association is asking parent actions be treated as hate crimes while as you can imagine, peers are saying this does too far from an attempt to solve his concerns about critical race theory and the latest causing parents to rethink public school systems, software spoke mostly back in the classrooms, students must comply with state requirements in 17 states, teachers grapple with vaccine mandates in new york city and washington and oregon forcing thousands to
william jacobson, a professor at cornell law school, he concludes that race has become an obsession of these elite schools, says they dominate the issue dominates the culture into academics. he says paulfuture leaders of government and industry in the set of society focus on equality, will be faced with race based classifications and conflict. stu: and i think he's right. some parents who speak out against crt could face an fbi investigation. what exactly is the justice department saying?...