Automakers are shifting their focus to diversify revenue streams amidst the volatile auto market. General Motors is leading the charge, eyeing lucrative opportunities in OnStar subscriptions, defense contracts, and battery sales for energy storage systems. As the cyclical nature of the auto industry continues to pose a challenge, GM is seeking to reduce its dependence on vehicle sales by capitalizing on its technological expertise. Meanwhile, Mazda Motor Corp. has reported a return to profitability, a welcome trend in a sector where financial stability is crucial.
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 ...
