GMs Big Income Bump, An Unconventional Repair Location, Charity Golf To Another Level

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Welcome to Tuesday as we talk about the big gain in GM’s report as well as a savvy solution to a much needed fix. We also recap one of the best Charity Golf events an experienced caddy has ever seen. 

Show Notes with links:

• GM reported a remarkable 52% surge in Q2 net income, reaching $2.6 billion, even with a $792 million charge linked to the Chevrolet Bolt recall. The company also raised its full-year guidance for the second consecutive quarter and aims to cut $3B in costs which is $1B higher than its previous goal
  • In a shareholder letter, CEO Mary Barra said "We're building momentum thanks to incredible customer response to our new trucks and SUVs, and strong execution of our business plan by the GM team, our dealers and our suppliers." 
  • She also reported that the company hit their first half goal of producing 50k EVs and said the company is on track to hit its second half goal of 100k
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• Stadium parking lots are finding new utility as Hyundai takes over Robert F. Kennedy Memorial Stadium in DC to give customers access to speedy safety recall fixes.
  • Thefts of the affected Hyundai and Kia vehicles increased after videos surfaced on TikTok and YouTube showing how to quickly break into them and start their engines with a USB plug or a similarly shaped tool.
  • The service center will have technicians on-site to install and complete the software upgrade, a process that Hyundai estimates will take less than an hour.
  • The mobile service center is the first in what could be a series of events, as Hyundai's dealer network is overwhelmed with customers requesting the software update.
  • This will be the first in a series of similar events across the country. 
  • Hyundai and Kia have over 2 million vehicles that cannot receive the fix and they have still been providing steering wheel locks for those customers affected.

Join Paul J Daly and Kyle Mountsier every morning for the Automotive State of the Union podcast as they connect the dots across car dealerships, retail trends, emerging tech like AI, and cultural shifts—bringing clarity, speed, and people-first insight to automotive leaders navigating a rapidly changing industry.

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