13 min
GM and Toyota Smiling, 99 Year Partnership, Gen Z Burrito Builders The Automotive Troublemaker w/ Paul J Daly and Kyle Mountsier
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- Business
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Things are looking up this Tuesday as GM and Toyota are doing the Q4 reporting dance. We also talk about a VERY long standing partnership that is going electric, as well as an attentive hiring strategy from a company that has a delicious burrito strategy.
It’s good news from both GM and Toyota as GM's financial resilience shines despite the UAW strike and setbacks in its Cruise autonomous vehicle division, while Toyota surges to record sales and production, leaving the chip crisis firmly in the rearview
GM's net income rose 5.2% to $2.1 billion in Q4, exceeding full-year forecasts, but faced a drop in adjusted pretax earnings and profit margin due to the UAW strike and increased spending on Cruise.Toyota, reported a year of record highs in sales and production, with a 7.2% increase to 11.23 million vehicles globally, buoyed by strong demand in North America and Europe.EVs played a pivotal role for Toyota, with sales of hybrids, plug-ins, and EVs soaring 35% to 3.7 million unitsGM CEO Mary Barra remains optimistic, stating, "I believe GM is well positioned for a year of strong financial performance that will build on everything we accomplished — and learned — in 2023." GM has put profitable EVs at the top of their list for 2024Ford Pro is doing it’s part to move the automaker closer to an electric future as they announced a deal to sell over 1,000 EVs to long time partner (almost 100 years!), Ecolab, marking a significant step in Ecolab's commitment toward a fully electric fleet in California
The order includes a combination of Mustang Mach-Es and F-150 LightningsThe move is part of Ecolab's broader goal to electrify its North American fleet by 2030 and achieve net-zero emissions globally by 2050Ecolab's CEO, Christophe Beck, highlighted the dual benefits of the switch to EVs: enhanced productivity and reduced operational costs, estimating a saving of $1,400 per vehicle annually on fuel.Ford Pro's strategy to provide comprehensive fleet solutions, including charging and vehicle management software, aims to generate over $1 billion in revenue by 2030.Heading into its busiest season (March-May) Chipotle is setting its sights on Gen Z (who make up 73% of its current workforce of 110k, as they are offering unique perks as it plans to hire 19,000 new workers
Some of the unique perks include a 4% 401(k) match for employees making student loan payments as well as a special debit card that helps cardholders build their creditGen Z's increasing presence in the workforce is notable, with teen employment reaching a 14-year high, indicating a shift in the labor market dynamics.Hosts: Paul J Daly and Kyle Mountsier
Get the Daily Push Back email at https://www.asotu.com/
JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/
Read our most recent email at: https://www.asotu.com/media/push-back-email
Shoot us a Text.
Things are looking up this Tuesday as GM and Toyota are doing the Q4 reporting dance. We also talk about a VERY long standing partnership that is going electric, as well as an attentive hiring strategy from a company that has a delicious burrito strategy.
It’s good news from both GM and Toyota as GM's financial resilience shines despite the UAW strike and setbacks in its Cruise autonomous vehicle division, while Toyota surges to record sales and production, leaving the chip crisis firmly in the rearview
GM's net income rose 5.2% to $2.1 billion in Q4, exceeding full-year forecasts, but faced a drop in adjusted pretax earnings and profit margin due to the UAW strike and increased spending on Cruise.Toyota, reported a year of record highs in sales and production, with a 7.2% increase to 11.23 million vehicles globally, buoyed by strong demand in North America and Europe.EVs played a pivotal role for Toyota, with sales of hybrids, plug-ins, and EVs soaring 35% to 3.7 million unitsGM CEO Mary Barra remains optimistic, stating, "I believe GM is well positioned for a year of strong financial performance that will build on everything we accomplished — and learned — in 2023." GM has put profitable EVs at the top of their list for 2024Ford Pro is doing it’s part to move the automaker closer to an electric future as they announced a deal to sell over 1,000 EVs to long time partner (almost 100 years!), Ecolab, marking a significant step in Ecolab's commitment toward a fully electric fleet in California
The order includes a combination of Mustang Mach-Es and F-150 LightningsThe move is part of Ecolab's broader goal to electrify its North American fleet by 2030 and achieve net-zero emissions globally by 2050Ecolab's CEO, Christophe Beck, highlighted the dual benefits of the switch to EVs: enhanced productivity and reduced operational costs, estimating a saving of $1,400 per vehicle annually on fuel.Ford Pro's strategy to provide comprehensive fleet solutions, including charging and vehicle management software, aims to generate over $1 billion in revenue by 2030.Heading into its busiest season (March-May) Chipotle is setting its sights on Gen Z (who make up 73% of its current workforce of 110k, as they are offering unique perks as it plans to hire 19,000 new workers
Some of the unique perks include a 4% 401(k) match for employees making student loan payments as well as a special debit card that helps cardholders build their creditGen Z's increasing presence in the workforce is notable, with teen employment reaching a 14-year high, indicating a shift in the labor market dynamics.Hosts: Paul J Daly and Kyle Mountsier
Get the Daily Push Back email at https://www.asotu.com/
JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/
Read our most recent email at: https://www.asotu.com/media/push-back-email
13 min