General Mtrs Co Stock Price, News & Analysis

Universal Logistics Holdings, Inc. (NASDAQ:ULH) was recognized as a 2022 Supplier of the Year by General Motors (GM) during the company's 31st annual Supplier of the Year event in San Antonio, Texas. This prestigious award celebrates suppliers who exceed GM's standards, providing innovative technologies and high-quality service in the automotive sector. This marks the second time Universal has received this award, underscoring its commitment to customer satisfaction and supply chain efficiency. According to Universal's CEO, Tim Phillips, this honor reflects their team's dedication to delivering value to GM's supply chain, despite challenges faced in the automotive industry. The selection process for the award is based on various performance criteria, including purchasing and logistics.

GM Defense LLC, a subsidiary of General Motors, announced that the U.S. Army has granted a full-rate production decision for its Infantry Squad Vehicle (ISV). Initially awarded a $214.3 million contract in June 2020, GM Defense has already delivered over 300 vehicles to the Army's 82nd and 101st Airborne Divisions. The ISV, based on the Chevrolet Colorado ZR2 architecture, combines commercial parts for enhanced adaptability and efficiency in various mission profiles. The decision marks a significant achievement for GM Defense, strengthening the company's manufacturing credibility and paving the way for future production increases.

Labelmaster has been awarded the 2022 Supplier of the Year by General Motors (GM) for its exceptional support in the automotive supply chain. This recognition highlights Labelmaster's commitment to exceeding GM's stringent requirements through innovative solutions in the safe transport of dangerous goods. GM's vice president praised suppliers like Labelmaster for demonstrating resilience and sustainability amidst industry challenges. The award criteria included performance metrics across Purchasing, Manufacturing Services, and Logistics, further establishing Labelmaster's expertise in the hazardous materials sector, particularly in large format lithium battery transport.

General Motors (NYSE:GM) honored Brose as a 2022 Supplier of the Year at its 31st annual event in San Antonio, Texas. This marks the seventh time Brose has received this accolade. The award recognizes suppliers that exceed GM’s standards, providing innovative technologies and high-quality products. GM's vice president, Jeff Morrison, emphasized the resilience and innovation of its suppliers amid industry challenges. Brose, a leading automotive supplier, plays a significant role in the global automotive supply chain, employing 30,000 people and generating approximately €7.5 billion in sales in 2022.

General Motors has honored Ascent as a 2022 Supplier of the Year during its 31st annual event in San Antonio, Texas. This marks the ninth time Ascent has received this prestigious award, recognizing suppliers who exceed GM's requirements and deliver high-quality, innovative solutions. Ascent's leadership expressed gratitude for GM's continued partnership amid global supply chain challenges, highlighting their team's commitment to customer service. GM's vice president praised the resilience and dedication of suppliers in overcoming obstacles in the automotive industry. For more details, visit Ascent's website.

On March 28, 2023, General Motors recognized Hanon Systems as a 2022 Supplier of the Year during its annual awards ceremony in San Antonio, Texas. This marks the sixth consecutive year that Hanon has received this honor, highlighting its commitment to delivering high-quality automotive thermal and energy management solutions. GM's award reflects the supplier's exceptional performance in meeting rigorous standards and providing innovative technologies. Hanon Systems operates 53 manufacturing sites globally and employs over 21,000 people.

Envisics, a leader in holographic head-up display technology, has secured over $50 million in Series C funding, achieving a post-money valuation of $500 million. The investment round, led by Hyundai Mobis, includes new significant investors such as GM Ventures and Stellantis Ventures. The funding aims to expedite product development for advanced augmented reality head-up displays (AR HUDs), which are essential for modern vehicles. General Motors plans to integrate this next-generation technology in the 2024 Cadillac LYRIQ. The AR HUD market is projected to grow at a 28% CAGR, expanding from 1.6 million units in 2022 to 19.1 million by 2032.

GM Defense LLC, a subsidiary of General Motors (GM), has signed a Memorandum of Understanding (MOU) with the Tawazun Council in Abu Dhabi, aimed at advancing technology and collaboration in defense. This partnership will focus on integrating electric vehicle technology and advanced military solutions, enhancing regional production and post-production support. Steve duMont, president of GM Defense, emphasized the commitment to providing reliable and innovative defense solutions. This agreement marks GM Defense's first major partnership in the Middle East, expanding its reach following the 2022 launch of GM Defense International.