General Mtrs Co Stock Price, News & Analysis

MP Materials (NYSE: MP) and General Motors (NYSE: GM) announced a definitive supply agreement for producing rare earth alloy and magnets for GM’s electric vehicle (EV) programs, starting late 2023. A new facility in Fort Worth, Texas, will create about 150 direct and 1,300 indirect jobs while supporting the production of approximately 500,000 EV motors annually. This facility is part of a $700 million investment to restore the U.S. rare earth magnetics supply chain over the next two years, emphasizing sustainability through integrated recycling and advanced manufacturing capabilities.

Eaton has been awarded the 2021 Supplier of the Year by General Motors (GM) at its 30th annual awards ceremony in Phoenix, Arizona. This recognition highlights Eaton's commitment to innovative technologies and high-quality service, which have strengthened its 60-year partnership with GM. Out of 134 suppliers from 16 countries, Eaton excelled in performance criteria. The award underscores GM's focus on sustainability and collaboration within the industry.

General Motors (NYSE: GM) and Honda are expanding their collaboration to co-develop affordable electric vehicles (EVs) built on a new global architecture using Ultium battery technology. Set to launch in 2027, these EVs aim to tap into the lucrative compact crossover market, which boasts annual sales of over 13 million units. The partnership will also explore advancements in battery technology. Both companies are committed to carbon neutrality, with GM aiming for 2040 and Honda for 2050. They have previously collaborated since 2013 on various projects, enhancing their technological synergies.

On March 29, 2022, GP Strategies was honored as a 2021 Supplier of the Year by General Motors during its 30th annual awards ceremony in Phoenix, Arizona. This marks the fifth consecutive year GP Strategies has received this recognition, which acknowledges suppliers who exceed GM's requirements and contribute innovative technologies. A total of 134 suppliers from 16 countries were acknowledged. Martha Manting, Senior VP at GP Strategies, expressed gratitude for the award, emphasizing the team's dedication to supporting GM's vision.

General Motors has honored Henniges Automotive with the 2021 Supplier of the Year award at a ceremony in Phoenix, Arizona. This recognition, awarded to suppliers exceeding GM's standards, marks Henniges' second win. GM celebrated 134 suppliers from 16 countries for their contributions, particularly during challenging industry conditions. Henniges' President, Larry Williams, emphasized customer satisfaction as a driving force behind the company's success. GM's recognition highlights its commitment to sustainability and innovation through strong supplier partnerships.

General Motors has awarded HARMAN, a Samsung Electronics subsidiary, the Supplier of the Year honor for 2021 for the second consecutive year. The recognition was part of GM's 30th annual Supplier of the Year awards ceremony held in Phoenix, Arizona. A total of 134 suppliers from 16 countries received this distinction, highlighting their commitment to quality and innovation in the automotive industry. HARMAN's president emphasized the company's resilience amid industry challenges, indicating a strong collaborative effort with GM to enhance consumer experiences.