As General Motors navigates the unpredictable landscape of the auto industry, the company is shifting its focus towards more stable revenue streams to mitigate the effects of market fluctuations. In a bid to reduce its dependence on the cyclical nature of car sales, GM is exploring new avenues of income, including lucrative OnStar subscription services and defense contracts. The automaker is also investing in the development of advanced battery technology for energy storage systems, a move that could potentially open up new markets and revenue opportunities. Meanwhile, Mazda Motor Corp. has reported a return to profit, a welcome development in an industry still reeling from the COVID-19 pandemic and ongoing supply chain disruptions.
GM is pursuing revenue from OnStar subscriptions, defense contracts and batteries for energy storage systems to counter the cyclical nature of the auto market. Mazda Motor Corp. returned to profit in ...
