Automakers are seeking new revenue streams to mitigate the volatility of the auto market, with General Motors (GM) at the forefront of this shift. As the company looks to diversify its income, it is targeting growth in three key areas: OnStar subscription services, defense contracts, and battery sales for energy storage systems. This strategic pivot comes as the industry grapples with the cyclical nature of car sales, which can be heavily influenced by economic downturns and changing consumer preferences. Meanwhile, Mazda Motor Corp. has revealed its own resilience in the face of market fluctuations, reporting a return to profitability in its latest financial results.
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 ...
