GM's EV Outlook and UPS's Profit Performance - Morning Brief

TLDRGeneral Motors expects to be EV profitable in the second half of the year while UPS faces challenges with weaker volumes and higher labor costs affecting their profits.

Key insights

🚗GM anticipates achieving EV profitability in H2 2020.

📦UPS faces decreased volumes and increased labor costs leading to a decline in profits.

Q&A

When does GM expect to be EV profitable?

—GM expects to achieve EV profitability in the second half of this year.

What challenges is UPS facing?

—UPS is facing challenges due to weaker volumes and higher labor costs, negatively impacting their profits.

Timestamped Summary

04:48General Motors forecasts EV profitability in the second half of the year.

09:45UPS's fourth-quarter results indicate weaker volumes and higher labor costs affecting their profits.

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