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The Investor Relations website contains information about General Motors Company's business for stockholders, potential investors, and financial analysts.
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United States, Michigan, Detroit
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| Aug 31, 2026 | President Trump and VP Vance Deliver Manufacturing Renaissance to Michigan | Vice President JD Vance is in Michigan today to mark the Trump Administration’s unprecedented crackdown on fraud and the comeback of American manufacturing under the leadership of President Donald J. Trump. Since taking office, the Trump Ad... |
| Jul 27, 2026 | Made in Michigan Again: President Trump’s Trade Agenda Is Supercharging American Auto Manufacturing | President Donald J. Trump returns to Michigan today to visit the General Motors Proving Ground in Milford and celebrate the roaring comeback of American auto manufacturing under his leadership. Since taking office, President Trump has ignit... |
| Jun 25, 2026 | GM reveals 2027 GMC Sierra pickup with new V-8 engines, redesigned styling | General Motors revealed its 2027 GMC Sierra 1500 pickup trucks, with new V-8 engine options and redesigned interior and exterior styling. GM is narrowing its model lineup for the next-generation Sierra to the Pro, Elevation, AT4, AT4X, Dena... |
| Dec 30, 2025 | China EVs in 2026 look less like a boom and more like a survival test as global expansion ramps up | China’s new energy vehicle market is set to see more price competition next year as overall growth slows, analysts predict. Domestic saturation is pushing Chinese automakers such as BYD to expand overseas, including opening local factories.... |
| Oct 21, 2025 | GM raises guidance after beating Wall Street expectations, lowering tariff costs | General Motors beat earnings expectations on the top and bottom lines. The automaker also raised its guidance for the year and said it was expecting a smaller tariff impact than previously forecast. GM executives will host an earnings confe... |
| Oct 14, 2025 | GM to take $1.6 billion charge related to EV pullback | General Motors’ third quarter results next week will include a $1.6 billion impact from its all-electric vehicle plans not playing out as anticipated. GM said its reassessment of its EV capacity and manufacturing footprint is “ongoing,” sig... |
| Oct 3, 2025 | Tesla, GM lead record U.S. EV sales this year as federal incentives end | New data provided to CNBC from Motor Intelligence shows U.S. sales of electric vehicles, excluding hybrids, topped 1 million units through the first nine months of the year. EVs also set a new quarterly record of more than 438,000 units sol... |
| May 1, 2025 | GM lowers 2025 guidance, citing up to $5 billion in tariff exposure | GM on Thursday lowered its 2025 earnings guidance to include a possible $4 billion to $5 billion impact as a result of President Donald Trump’s auto tariffs. GM said its new guidance includes adjusted EBIT of between $10 billion and $12.5 b... |
| Apr 29, 2025 | General Motors is set to report earnings before the bell. Here’s what Wall Street expects | General Motors is set to report its first-quarter earnings before the bell Tuesday. Wall Street analysts expect adjusted earnings per share of $2.74 and revenue of $43.05 billion. GM executives will host an earnings conference call at 8:30 ... |
| Apr 9, 2025 | The Shifting Landscape of the Automotive Industry: Price Wars and Electric Dreams | The automotive industry is a battleground. Prices fluctuate like the stock market. Tariffs loom like dark clouds, threatening to rain on the parade of manufacturers and consumers alike. Amid this chaos, some dealerships stand tall, offering... |
| Apr 8, 2025 | GM axing Cadillac XT6 crossover, extending production of another vehicle in Tennessee | GM is ending production this year of the gasoline-powered Cadillac XT6 at its Spring Hill Assembly plant toward the end of this year. The automaker will continue to produce a smaller Cadillac crossover, the XT5, until at least the end of 20... |
| Mar 18, 2025 | Cadillac expects one of every three vehicle sales to be EVs in 2025 | Cadillac expects between 30% and 35% of its U.S. sales this year to be EVs, as the automaker continues to expand its lineup despite industrywide slower-than-expected adoption. The General Motors luxury brand is expected to offer five EVs by... |
| Feb 28, 2025 | Tariffs and Dividends: A Tale of Two Strategies in the U.S. Economy | The U.S. economy is a complex machine, with gears turning in different directions. Recently, two significant stories have emerged, highlighting contrasting strategies: tariffs and dividends. One reflects a combative stance on trade, while t... |
| Feb 27, 2025 | Do GM Stock Buybacks Make the Stock Buyable For Investors? General Motors has just announced a multibillion-dollar buyback program. What impact does this have for investing in the name? | [content-module:Forecast|NYSE:GM] U.S. auto giant General Motors (NYSE: GM) recently made headlines with the announcement of a new $6 billion share buyback program. This move continues the company’s aggressive efforts to reduce its outstan... |
| Feb 26, 2025 | GM raises quarterly dividend, initiates $6 billion stock buyback | General Motors said Wednesday it is increasing its quarterly dividend by 25% to 15 cents per share — matching that of crosstown rival Ford Motor. It also announced a $6 billion stock repurchase program, $2 billion of which is expected to be... |
| Jul 26, 2024 | Ford and GM stocks crash: Is the U.S. auto industry about to collapse? | Recent earnings releases for some U.S. automotive giants fell short of expectations. Ford (NYSE: F) reported a miss on earnings, while experts expect that General Motors (NYSE: GM) will have limited growth in the second half of 2024 despite... |
| Jul 1, 2024 | Must-buy stocks if Trump wins the U.S. election | As the 2024 U.S. presidential election approaches, the narrative is shifting after the first debate between Joe Biden and Donald Trump. Investors are particularly interested in how the election outcome could affect financial markets. Analys... |
| Jun 4, 2024 | General Motors Promotes 2 Former Apple Executives to Run Software and Services Operations | By Jace Dela Cruz Published Jun 4, 2024 8:18AM EDT Share on Facebook Share on Twitter Share on LinkedIn Share on Reddit Share on Flipboard Share on Pocket General Motors (GM) has appointed two former Apple executives to lead its software an... |
| Jan 17, 2024 | GM recalls dozens of electric BrightDrop vans after two reported fires | General Motors is recalling around 66 electric delivery vans made by its BrightDrop subsidiary after the front drive units in at least two of them caught fire late last year. The automaker says it’s still investigating the root cause of the... |
| Nov 29, 2023 | GM to slash spending at Cruise by ‘hundreds of millions of dollars’ | GM Chair and CEO Mary Barra reiterated Wednesday plans for Cruise to be more “deliberate” when operations eventually resume at the troubled self-driving vehicle subsidiary. For GM, that will include slashing spending at Cruise “by hundreds ... |
| Nov 16, 2023 | GM absorbs commercial EV unit BrightDrop, CEO is out | BrightDrop, the commercial EV subsidiary of General Motors that launched in 2021, is being swallowed up by its parent company. GM said Thursday that BrightDrop — a “startup” that spun out of the automaker’s Global Innovation organization to... |
| Oct 4, 2023 | General Motors Reports High Q3 US Sales Amid Ongoing Labor Strike | Jace Dela Cruz, Tech Times 04 October 2023, 05:10 am General Motors (GM) has reported a significant surge in its third-quarter US auto sales, recording a 21 percent increase in deliveries, totaling 674,336 vehicles. This performance can be ... |
| Jul 25, 2023 | GM Confirms Ultium-based Bolt EV, Achieves 50K EV Production Goal | John Lopez, Tech Times 25 July 2023, 11:07 am Pushing its name in the electric vehicle (EV) market, General Motors (GM) has recently announced successfully producing 50,000 EVs in the first half of 2023. With the Q2 earnings report showcasi... |
| Jun 9, 2023 | GM объявила о партнёрстве с Tesla по подключению новых моделей электромобилей к сети Supercharger | General Motors объявила о партнёрстве с Tesla, которое предусматривает возможность подключения новых моделей электромобилей GM к сети зарядных станций Supercharger. В GM подтвердили добавление штепсельной вилки стандарта NACS к своим автомо... |
| May 11, 2023 | Startups are zeroing in on cleaner ways to mine the lithium needed for electric vehicles | Redeem now Insider Teague Egan's tour of Bolivia's famed salt flat in 2018 changed the trajectory of his career. The flat is called Salar de Uyuni. The seemingly endless expanse of chalky white crust is home to the world's largest reserves ... |
| Apr 13, 2023 | General Motors invests in lithium mining company EnergyX | The budding US lithium miner Energy Exploration Technologies has raised US$50 million in a Series B funding round. The round was led by General Motors. The two sides have also agreed to cooperate on other levels. The car company does not di... |
| Mar 9, 2023 | GM Is Battening Down the Hatches and Cutting Employees to Save Costs | The car business is slowing down and auto makers are cutting costs ahead of the downturn to preserve profits. General Motors (ticker: GM) announced Thursday a voluntary separation program, or VSP, to accelerate cost savings. The VSP will in... |
| Feb 12, 2023 | 🏙️ More layoffs, but more investment | I’m writing this week’s newsletter from BCIT’s new Tech Collider space in downtown Vancouver, where we’ve hosted some excellent panels in the past (and will be in the future!) Running events is a big part of what we do for you and the tech ... |
| Jan 31, 2023 | GM Beats Forecasts, No Layoffs Planned. Its Outlook Is Positive for Car Makers. | The car business might be in better shape than investors give it credit for. Year-end results from General Motors were better than expected. What’s more, guidance for 2023 also topped Wall Street estimates. GM (ticker: GM), Tuesday morning,... |
| Jan 31, 2023 | Годовые результаты General Motors оказались выше прогнозов | Сегодня американский автоконцерн General Motors (GM) отчитался о результатах своей деятельности за четвертый квартал и весь 2022 год. Компания сообщила, что в четвертом квартале общая выручка составила $43,1 млрд, что на 28,4% больше, чем з... |
| Nov 17, 2022 | GM Has a New Business: Fixing Tesla EVs. | General Motors said something surprising at its investor day in New York City on Thursday. Fixing Teslas is a growing business for the 114 year-old auto maker. That’s right. GM (ticker: GM) dealers are fixing Teslas. Since 2021, GM dealers ... |
| Oct 26, 2022 | GM's plan to build 400,000 EVs in North America has been delayed by up to 6 months because it hasn't been able to make batteries fast enough | GM Redeem now GM has delayed a plan to build 400,000 EVs in North America. CEO Mary Barra said Tuesday the launch of battery production had been slower than expected. The delay pushes GM's plan back by around six months, per Reuters. Sign u... |
| Sep 13, 2022 | GM's robotaxi startup plans to expand its service to Phoenix and Austin within 90 days, following its launch in San Francisco earlier this year | The company uses around 70 driverless cars for its San Francisco service. Cruise Redeem now An autonomous taxi startup backed by GM aims to expand its service to two new US cities, its CEO said. Cruise plans to expand to Phoenix, Arizona, a... |
| Aug 20, 2022 | US stocks fall to break 4-week win streak as Fed officials signal more hawkish rate hikes | US stocks fell Friday, leaving the S&P 500 down for the week. The index snapped four weeks of weekly gains with more than $2 trillion worth of options expiring. Advertisement US stocks dropped Friday, ending a weekly run of wins for the... |
| Aug 19, 2022 | US stocks falls as Fed reinforces resolve in hiking rates to cool inflation | US stocks fell Friday as investors reassess the Fed pivot trade that's carried stocks higher in recent weeks. The S&P 500 and the Nasdaq Composite could mark their first weekly decline after four weeks of gains. Advertisement US stocks ... |
| Jul 27, 2022 | GM secures battery materials from LG Chem & Livent | The US manufacturer General Motors has signed agreements with LG Chem and Livent for the supply of battery materials. The company sees this as strengthening its goal of reaching one million units of electric vehicles in North America by the... |
| Jul 26, 2022 | GM Earnings Miss Estimates. The Stock Is Slipping. | General Motors stock was slipping after the auto maker missed Wall Street’s second-quarter earnings estimates what turned out to be a messy quarter. GM (ticker: GM) reported earnings per share of $1.14 and operating profit of $2.3 billion f... |
| Jul 26, 2022 | General Motors заявила о падении прибыли во втором квартале 2022 года на 40% | Кризис полупроводниковой промышленности продолжает давать свои плоды. General Motors заявила о завершении второго квартала 2022 года с чистой прибылью в $1,69 млрд. Это на 40% хуже показателей второго квартала 2021 года. Компания утверждает... |
| Jul 1, 2022 | GM’s Weak Guidance Shows Just How Bad Supply Chain Has Gotten | General Motors updated financial guidance Friday morning. The news is mixed and investors don’t seem to know what to make of it. One thing is for sure, the update shows just how bad the supply-chain situation was in the second quarter. |
| Apr 27, 2022 | GM Earnings Beat Estimates. The Stock Is Rising. | General Motors stock was rising after the auto maker reported first-quarter earnings that beat Wall Street expectations. Earnings guidance for 2022 went up too, which should help shares Wednesday. GM (ticker: GM) reported earnings per share... |
| Feb 2, 2022 | GM Stock Rises. Wall Street Feels Better About 2022 Than the Auto Maker Does. | Auto giant General Motors reported better-than-expected fourth-quarter earnings Tuesday evening and offered an outlook for 2022 that, essentially, matched analysts’ expectations. GM shares weren’t doing much after the quarterly report but t... |
| Jan 26, 2022 | Chevy Bolt EV, EUV Affected by GM’s Michigan Plant? Stop Production Rumors for the Car | Isaiah Richard, Tech Times 26 January 2022, 12:01 am Chevy Bolt EVs and EUVs rumor the car to stop production from General Motors, particularly with the new multi-billion factory coming to Michigan. The focus will shift from the Chevrolet B... |
| Jan 18, 2022 | General Motors : Expands Digital Commerce with Launch of Online Parts Sales | GM adds 45,000 readily available maintenance and repair parts for purchase on Chevrolet.com and other brand websites Customers can choose home delivery or in-store pickup at participating dealers DETROIT - GM is launching a new online parts... |
| Jan 10, 2022 | General Motors : GM Delivers 2.9 Million Vehicles in China in 2021 | SHANGHAI - General Motors and its joint ventures delivered about 2.9 million vehicles in China in 2021 amid the global semiconductor supply chain disruption. In spite of the challenging environment, premium models and new energy vehicles (N... |
| Jan 5, 2022 | The Pickup Reimagined: Introducing the 2024 All-Electric Chevrolet Silverado | Offering 400 miles of driving range, up to 10,000 pounds trailering capacity and loaded with high-tech innovations DETROIT - Today, Chevrolet introduced the 2024 Silverado EV - the reimagining of the brand's best-selling nameplate, packed w... |
| Jan 5, 2022 | General Motors : Cadillac Introduces InnerSpace Autonomous Concept at CES 2022 | Two-person electric luxury concept offers vision of future personal mobility focused on elevating the passenger experience, grows Cadillac Halo Concept Portfolio Today, Cadillac expanded its vision of personal autonomous future mobility wit... |
| Jan 5, 2022 | General Motors : Chevrolet Previews Equinox EV | Equinox EV builds on Chevy's commitment to provide a wide range of EV options DETROIT - Chevrolet will expand its EV lineup in fall 2023 to include the Equinox EV, an affordable, functional compact SUV that will start at an estimated MSRP o... |
| Dec 20, 2021 | General Motors : GM Announces Date for 2021 Q4 Earnings Report | DETROIT - General Motors Co. (NYSE: GM) will release its fourth-quarter 2021 financial results on Tuesday, Feb. 1, at approximately 4 p.m. ET, followed by a conference call for financial analysts at 5 p.m. ET. Financial materials will be av... |
| Dec 17, 2021 | General Motors : Leadership Changes at Cruise | GM STATEMENT General Motors Co. announced today that Dan Ammann, Chief Executive Officer of Cruise, is leaving the company. Kyle Vogt, Cruise President and Chief Technical Officer, will serve as interim CEO. In addition, Wesley Bush, the fo... |
| Dec 9, 2021 | General Motors : and MP Materials Enter Long-Term Supply Agreement to Scale Rare Earth Magnet Sourcing and Production in the U.S. | Rare earth materials sourced from Mountain Pass, California, will be manufactured into magnets at new MP Materials production facility in Fort Worth, Texas Rare earth magnets are critical components in GM Ultium Platform EV motors GM's EV s... |
| Nov 18, 2021 | General Motors : Merchants Fleet Expands BrightDrop EV Order to 18,000 with Addition of EV410s | DETROIT - BrightDrop, the technology startup helping decarbonize last-mile deliveries, today announced that Merchants Fleet, the nation's fastest growing fleet management company, plans to expand its purchase order to 18,000 BrightDrop elec... |
| Oct 12, 2021 | LG компенсирует GM $1,9 млрд издержек из-за отзыва электрокаров Chevrolet Bolt | Американский автоконцерн General Motors сообщил о соглашении с LG Electronics, в рамках которого LG почти полностью возместит GM издержки, связанные с отзывом электромобилей Chevrolet Bolt. Причиной отзыва стал риск возгорания батарей. Общи... |
| Oct 12, 2021 | LG Electronics agreed to pay up to $1.9 billion in settlement to General Motors over Chevrolet Bolt EV battery fires | South Korea-based LG Electronics has agreed to reimburse General Motors up to $1.9 billion to recall Chevrolet Bolt EVs due to fire risks caused by faulty batteries provided by LG. The battery fire problem has led GM to recall every one of ... |
| Oct 12, 2021 | LG will cover nearly the entire cost of GM’s Chevy Bolt EV recall | Jon Fingas Contributor Jon Fingas is a contributing writer at Engadget. More posts by this contributor LG will cover nearly the entire cost of GM’s Chevy Bolt EV recall Your iPhone could eventually control your car’s climate and seats GM ma... |
| Oct 7, 2021 | GM Has a Bold Goal to Double Sales. Here’s How It Will Do That. | Century-old auto maker General Motors wants to be a growth company, and laid out plans to do just that. The company at its Wednesday investor event said it wants to double annual sales from a base of $140 billion by 2030. It’s a bold goal, ... |
| Oct 5, 2021 | General Motors : GM to Invest in Next-Generation Battery Facility That Will Lower EV Costs, Accelerate Speed to Market | All-new facility builds on more than $5 billion already invested in batteries in the U.S., expands design capabilities of future battery chemistries and increases future EV range WARREN, Mich. - Today, General Motors announced the Wallace B... |
| Sep 20, 2021 | GM Has a Chevy Bolt Fix—New Batteries | After a recall with a $1.8 billion price tag, General Motors and battery partner LG Chem are ready to fix the all-electric Chevy Bolt. General Motors (ticker: GM) announced Monday that two LG Chem plants have resumed production of Bolt batt... |
| Aug 23, 2021 | GM’s Bolt Recall Sends Battery Maker’s Stock Tumbling | General Motors’ decision to recall more Chevy Bolt electric vehicles due to an increased risk of battery fires sent stock in the battery supplier LG Chem down more than 11% in overseas trading. General Motors (ticker: GM) is recalling more ... |
| Aug 4, 2021 | GM’s earnings dragged down by Chevy Bolt recall | The twice-issued recall for 2017 to 2019 Chevrolet Bolt electric vehicles cost General Motors $800 million, the company said in its second-quarter earnings statement Wednesday. Costs associated with fixing defective Bolt batteries make up t... |
| Aug 4, 2021 | General Motors : Earnings Deck Q2 2021 | Q2 2021 Results August 4, 2021 2023 CADILLAC LYRIQ Information Relevant to This Presentation Cautionary Note on Forward-LookingStatements: This presentation and related comments by management may include "forward-looking statements&quo... |
| Aug 4, 2021 | GM Earnings Destroyed Expectations. Its Stock Is Dropping Like a Stone. | General Motors stock dropped after the auto maker beat earnings projections but raised its forecasts for profits less than investors hoped. GM shares (ticker: GM) were down 8.3%, at $53.07, in recent trading. |
| Jun 14, 2021 | GENERAL MOTORS COMPANY General Motors : GM Announces Preliminary Voting Results at Annual Meeting of Shareholders | Monday, June 14, 2021 DETROIT -- General Motors Co. (NYSE: GM) announced today at its annual meeting of shareholders the preliminary results of voting, representing 84.1 percent of shares eligible to be voted. Item 1: Election of directors ... |
| May 5, 2021 | GENERAL MOTORS COMPANY General Motors : Earnings Deck Q1 2021 | Q1 2021 Results May 5, 2021 GMC HUMMER EV SUV Information Relevant to This Presentation Cautionary Note on Forward-LookingStatements: This presentation and related comments by management may include "forward-looking statements" wi... |
| May 5, 2021 | GM CEO Mary Barra wants to sell personal autonomous vehicles using Cruise’s self-driving tech by 2030 | GM CEO Mary Barra sees the automaker selling personal autonomous vehicles by the end of the decade by leveraging technology from its self-driving subsidiary Cruise, according to comments made during the company’s Wednesday earnings call. Ba... |
| May 5, 2021 | General Motors : 2021 Q1 Consolidated Financial Highlights | Exhibit 99.2 General Motors Company and Subsidiaries Supplemental Material (Unaudited) General Motors Company's (GM) non-GAAP measures include: earnings before interest and taxes (EBIT)-adjusted, presented net of noncontrolling interests; e... |
| May 5, 2021 | General Motors : Chairman and CEO Letter to Shareholders | May 5, 2021 Dear Shareholders, Today, we announced that General Motors delivered strong first-quarter results, with EBIT-adjusted of $4.4 billion, and EPS-diluted-adjusted of $2.25. You'll find additional details on investor.gm.com. These s... |
| Mar 4, 2021 | GM, LG Chem studying the feasibility of a second battery cell plant in the US | General Motors is exploring building a second U.S. battery cell manufacturing plant with its joint-venture partner, Seoul, South Korea-based LG Chem. If the plant moves forward, it would be the latest in a series of investments aimed at bui... |
| Feb 27, 2021 | Bullish Outlook For 2021 Despite A Bumpy Start, GM Executive Says | Steve Carlisle, president of General Motors North America, at the North American International Auto ... [+] Show in Detroit, in January 2019. At the time, he was president of Cadillac. Behind him is the Cadillac XT6 three-row crossover SUV.... |
| Feb 26, 2021 | Auto Industry Message To New-Car Shoppers With Subprime Credit: Forget It | The 2021 Nissan Versa starts at $14,980 suggested retail. It's an exception to the rule, that many ... [+] automakers have dropped small cars in the U.S. market in favor of trucks, which are more profitable, and more expensive. Nissan North... |
| Feb 12, 2021 | General Motors Co Sees Healthy Gains Despite Global Chip Shortage | getty |
| Feb 11, 2021 | GM and Ford are warning investors of billions in lost earnings this year due to the global chip shortage | GM said the chip shortage could cut its 2021 earnings by $US2 billion. Reuters GM and Ford both predict lost earnings in the billions due to the ongoing global chip shortage. The lack of chips will deal a hefty blow to auto production in th... |
| Feb 10, 2021 | General Motors : Chairmen and CEO Letter to Shareholders | February 10, 2021 Dear Fellow General Motors Shareholders: Today, GM announced strong financial performance for the fourth quarter and full year of 2020, including several fourth-quarter records for operating results, and a record year for ... |
| Feb 10, 2021 | General Motors : 2020 Q$ Consolidated Financial Highlights | Exhibit 99.2 General Motors Company and Subsidiaries Supplemental Material (Unaudited) General Motors Company's (GM) non-GAAP measures include: earnings before interest and taxes (EBIT)-adjusted, presented net of noncontrolling interests; e... |
| Feb 10, 2021 | GENERAL MOTORS COMPANY General Motors : Chairmen and CEO Letter to Shareholders | February 10, 2021 Dear Fellow General Motors Shareholders: Today, GM announced strong financial performance for the fourth quarter and full year of 2020, including several fourth-quarter records for operating results, and a record year for ... |
| Oct 21, 2020 | GENERAL MOTORS COMPANY 2022 GMC HUMMER EV: Ultimate Capability, Revolutionary Performance | Edition 1 to be powered by all-new Ultium battery tech, unveils GM's third generation of electric vehicles DETROIT - GMC today introduced the 2022 HUMMER EV Edition 1 - a first-of-its kind supertruck developed to forge new paths with zero e... |
| Jul 28, 2020 | General Motors Is Making A Turn For The Better | Employees arrive for their shift at the Opel car plant in Figueruelas, near Zaragoza in Spain, on ... [+] Thursday, Sept. 17, 2009. The European Union's competition chief told a Flemish leader that German plans to provide loan guarantees to... |
| Ford and General Motors enter a new phase of uncertainty on prices and demand | Ford and General Motors are set to report earnings this week. Automakers have reported record results amid a tight supply of new vehicles and strong demand. Ford cut prices on its electric Mustang Mach-E, weeks after EV leader Tesla slashed... | |
| GM to sell stake in battery cell plant to joint venture partner for roughly $1 billion | General Motors plans to sell its stake in a $2.6 billion electric vehicle battery cell plant in Lansing, Michigan, to its joint venture partner LG Energy Solution, the automaker announced Monday. The Detroit carmaker said it expects to reco... | |
| The auto industry is pulling back on its ‘capital junkie’ tendencies after unprecedented spending on EVs, self-driving | After years of spending capital freely on all-electric and autonomous vehicles, automakers are starting to pull back. It takes a significant capital investment every time an automaker launches a new product or updates current models, causin... | |
| GM trumpets flexible EV architecture, starting with Cadillac EV to be unveiled in April | General Motors outlined its EV strategy yesterday at the company’s Capital Markets Day. GM President Mark Reuss confirmed that the first vehicle to use GM’s next-generation electric architecture will be badged as a Cadillac. It will be unve... | |
| With only 25 Bolts and one Hummer delivered in Q4, GM cedes #2 US EV maker podium space to Ford | After sharing its quarterly deliveries to cap off 2021, General Motors revealed just how rough of a Q4 it had in terms of EV deliveries. While the legacy automaker has recently unveiled several new and exciting EVs to come, GM’s current EV ... | |
| GM reports 2.2% decrease in third-quarter sales, but EVs make gains | GM reported slightly better-than-expected sales during the third quarter, thanks in part to increases in sales of electric vehicles and small crossovers. The Detroit automaker reported a 2.2% drop in third-quarter sales compared to a year e... | |
| Opinion: GM ‘aspires’ to be fully electric by 2035. Is that enough? (No) | GM’s out with another press release saying it aspires to be fully electric in its consumer fleet by 2035. Yet the company only sells one EV, down from a few if you included the Chevy Volt/Cadillac ELR a few years ago, on its lots. Press rel... | |
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| Chevrolet aims to defend highly profitable SUV market position with updated Tahoe, Suburban | General Motors has updated its highly profitable large SUVs for Chevrolet to defend the brand’s long-standing segment leadership. The Chevrolet Tahoe and Suburban have led the mainstream full-size SUV segment for more than 45 years, accordi... | |
| Cars are going to stay expensive for one simple reason: Dealers and automakers are loving it | New Jeeps at a car dealership in New York City. Spencer Platt/Getty Images Redeem now New cars have gotten way more expensive during the pandemic because of low inventories at dealers. Even as supply chains recover, new car prices could sta... | |
| GM initiates $10 billion buyback, boosts dividend and reinstates 2023 guidance after UAW strikes | General Motors is working to regain Wall Street’s confidence heading into 2024 with several investor-focused initiatives Wednesday following a tumultuous year. The Detroit automaker is initiating a stock buyback, increasing its dividend and... | |
| GM warns of manufacturing issues in second quarter but stands by 2022 forecast | The forecast was part of a filing by the automaker disclosing that it has about 95,000 vehicles in its inventory that were manufactured without certain components as of June 30. GM said it expects that "substantially all of these vehic... | |
| General Motors raises 2024 guidance after big first-quarter earnings beat | General Motors on Tuesday raised its 2024 guidance after beating Wall Street’s top- and bottom-line expectations for the first quarter. GM’s North American operations, driven by truck sales, were largely responsible for the company’s first-... | |
| GM beats Wall Street estimates, forecasts continued strong profit in 2024 | General Motors beat Wall Street’s top- and bottom-line expectations for the fourth quarter, while forecasting another strong year despite potential economic and sales head winds. China – GM’s second-largest market – continued to struggle, w... | |
| GM expects more than $5 billion impact from China restructuring, including plant closures | General Motors expects a restructuring of its joint venture operations with SAIC Motor Corp. in China to cost more than $5 billion in charges and writedowns. The restructuring charges for the “SGM” joint venture are anticipated to include “... | |
| From growth to gone: GM’s Cruise robotaxi business is latest growth initiative to falter | GM CEO Mary Barra, with the ending of its Cruise robotaxi operations, made it clear that the automaker’s growth priorities have shifted amid a broader, industrywide retrench to preserve capital. The driverless ride-hailing service was suppo... | |
| GM continues to pepper the EV world with more news (albeit few cars) in earnings report | We need an electric Camaro just to keep up with the news cycle over at General Motors (GM). Following its annual and Q4 earnings report, GM has shared further news about its electrification strategy which includes updates to already announc... | |
| General Motors raises full-year guidance, announces deeper cost-cutting | General Motors is raising its 2023 guidance for a second time this year after the automaker reported second-quarter results Tuesday that were up sharply year over year. The Detroit automaker also said it is increasing cost-cutting measures ... | |
| Why GM is sunsetting the classic Chevrolet Camaro | When Francisco “Cisco” Mercado saw a bright yellow Chevrolet Camaro play one of the shapeshifting robotic superhero Transformers in the 2009 eponymous movie, he knew he had to have a real-life version. “My wife was sitting with me. I said, ... | |
| GM investing $760 million in Ohio plant to build drive units for EV Hummer, Silverado, and Sierra | General Motors is preparing for an all-electric future as the automaker announced Friday it would be investing $760 million into its Toledo, Ohio, plant as it gets the facility ready to produce drive units for future GM EV trucks. The autom... | |
| GM’s 2023 U.S. vehicle sales were its best since 2019 | General Motors’ U.S. vehicle sales increased 14.1% last year to represent the automaker’s best year since 2019. GM’s sales are in line with expectations for overall industry sales. The automaker’s annual sales increase was led by a 61% incr... | |
| GM is investing half a billion to upgrade Indiana factory to support EV production | As part of GM’s plans to provide “EVs for everyone,” the automaker says it will be upgrading its Marion, Indiana, assembly plant. General Motors will invest $491 million to prepare the facility for the automaker’s transition to electric wit... | |
| GM to release plug-in hybrid vehicles, backtracking on product plans | General Motors is changing its product lineup strategy to include plug-in hybrid electric vehicles, CEO Mary Barra told investors Tuesday. Barra did not disclose specific details of the plans other than that plug-in hybrids will be rolled o... |
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