General Mtrs Co Stock Price, News & Analysis

Ushr Inc. has significantly expanded its high-definition map database for General Motors (GM), now covering over 400,000 miles of roads across the U.S. and Canada. This enhancement doubles the coverage in the U.S. and triples it in Canada, facilitating the use of Super Cruise, GM's first true hands-free driver assistance system. Ushr's advanced mapping employs precise LiDAR data to improve ADAS safety and effectiveness, addressing the complexities of primary roads. This development underscores GM’s commitment to enhancing driver assistance technology.

General Motors Co. (NYSE: GM) has announced the reinstatement of a quarterly cash dividend of $0.09 per share, payable on Sept. 15, 2022, to shareholders of record by Aug. 31, 2022. The Board also approved increasing the share repurchase program from $3.3 billion to $5.0 billion. CEO Mary Barra highlighted a $35 billion investment plan through 2025 for expanding electric vehicle production and battery manufacturing. Recent milestones include a $7 billion investment in Michigan, strong demand for new EV models, and progress on battery plants expected to create thousands of jobs.

American Rheinmetall Vehicles and GM Defense LLC have formed a strategic collaboration to compete in the U.S. Army's Common Tactical Truck (CTT) program, aimed at replacing the Family of Heavy Tactical Vehicles. The Army anticipates purchasing approximately 5,700 vehicles valued at around $5 billion. The partnership leverages Rheinmetall's HX3 truck technology, emphasizing advanced capabilities such as mobility, cybersecurity, and fuel efficiency. The contract for prototype proposals is expected to be awarded in December 2022. This collaboration showcases GM's robust manufacturing prowess in military vehicle production.

General Motors (NYSE: GM) and INRIX have launched Safety View, a cloud-based analytics tool aimed at enhancing roadway safety. Available to transportation planners nationwide, Safety View provides insights using crash and demographic data to prioritize safety projects. A recent study in Washington, D.C. schools highlighted that speeding and crash severity were marginally affected by school zone designations. The initiative aligns with the $1.2 trillion Bipartisan Infrastructure Law, which allocates $5 billion for road safety projects, streamlining funding applications through its analytics capabilities.

General Motors Co. (NYSE: GM) has priced two series of senior unsecured fixed rate notes totaling $2.25 billion. The offering includes $1 billion in 5.40% notes due in 2029 and $1.25 billion in 5.60% notes due in 2032, with settlement scheduled for August 2, 2022. Proceeds will fund projects under GM's Sustainable Finance Framework. The company has filed a registration statement with the SEC regarding this offering.

General Motors Co. (NYSE: GM) has announced the launch of an offering of senior unsecured fixed rate notes. The proceeds will be utilized to finance or refinance projects under GM's Sustainable Finance Framework. A registration statement has been filed with the SEC, including a prospectus for this offering. Prospective investors can access more information via the SEC's EDGAR database or by contacting various financial institutions listed in the release. This press release does not constitute an offer to sell or a solicitation to buy these securities.

Livent and General Motors have announced a significant long-term agreement for Livent to supply battery-grade lithium hydroxide for GM's electric vehicles, made from lithium primarily sourced from South America. This multi-year contract, starting in 2025, aims to transition 100% of lithium hydroxide processing for GM to North America, supporting GM's goal of producing 1 million EVs by the end of 2025. Both companies emphasize their commitment to responsible sourcing and sustainability, with Livent also focusing on expanding its North American capabilities.

General Motors Co. reported second-quarter net income of $1.7 billion and EBIT-adjusted of $2.3 billion, aligning with its prior earnings update. Revenue increased to $35.8 billion from $34.2 billion year-over-year, but net income and EBIT margins dropped. Automotive operating cash flow fell to $3.5 billion, and adjusted free cash flow decreased to $1.4 billion. The company maintains a full-year net income guidance of $9.6 billion to $11.2 billion, with EPS-diluted guidance of $5.76 to $6.76.