Welcome to our dedicated page for General Mtrs news (Ticker: GM), a resource for investors and traders seeking the latest updates and insights on General Mtrs stock.
General Motors Company reports developments tied to its global auto business, including quarterly earnings, guidance, dividends, share repurchases, tariffs, and EV investment decisions. The company sells Buick, Cadillac, Chevrolet, and GMC cars, trucks, SUVs, and electric vehicles, with GM Financial serving as its captive finance arm.
Recurring updates also cover charging access through brand apps, dealer service-technician training, Cadillac brand and motorsports partnerships, and manufacturing or capacity changes related to vehicle demand and emissions policy. News commonly connects GM's product portfolio, capital allocation, and technology initiatives with conditions in the North American and international automotive markets.
GM Defense, a subsidiary of General Motors, has been selected by the Defense Innovation Unit (DIU) to develop a battery pack prototype using its advanced Ultium Platform. This collaboration aims to create a scalable battery design for tactical military vehicles, supporting the military's shift towards more electric technologies. The announcement follows another award in July for analysis and demonstration of a GMC HUMMER EV Pickup by the U.S. Army, reinforcing GM Defense's commitment to leveraging commercial technologies for defense applications.
General Motors (NYSE: GM) has announced a collaboration with OneD Battery Sciences to enhance EV battery technology through silicon nanotechnology. This partnership aims to improve battery energy density, offering longer ranges at reduced costs. GM Ventures has also participated in OneD's $25 million Series C funding round. The collaboration focuses on OneD's SINANODE platform, which significantly increases silicon content in battery anodes, potentially revolutionizing EV performance and manufacturing efficiency while supporting GM's goal to manufacture 1 million EVs annually by 2025.
General Motors Co. (NYSE: GM) has made a strategic investment in Lithion Recycling Inc. as part of a Series A financing round, establishing a partnership to develop a circular battery ecosystem. This collaboration aims to validate Lithion's recycled battery materials for new battery production and invest in R&D for recycling processes. Lithion's technology boasts a recovery rate exceeding 95%, significantly reducing greenhouse gas emissions and water usage. The partnership aligns with GM's goal to scale EV production and enhance sustainability in battery supply chains.
Hertz and General Motors have announced a landmark agreement for Hertz to order up to 175,000 electric vehicles (EVs) over the next five years, marking a significant expansion in EV offerings. The deal includes vehicles across various categories, such as Chevrolet, Buick, GMC, Cadillac, and BrightDrop. Deliveries of the Chevrolet Bolt EV and Bolt EUV are expected to start in Q1 2023. Hertz aims for 25% of its fleet to be electric by the end of 2024, potentially saving 3.5 million metric tons of CO2 emissions.
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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.