General Mtrs Co Stock Price, News & Analysis

Cleveland-Cliffs Inc. (NYSE: CLF) was honored as a 2021 GM Supplier of the Year during GM's 30th annual awards in Phoenix, Arizona. This recognition is a testament to Cleveland-Cliffs' capability to meet GM's rigorous standards, marking their fifth consecutive year of receiving this award. GM acknowledged 134 suppliers across 16 countries for their outstanding performance in various categories. CEO Lourenco Goncalves emphasized Cleveland-Cliffs' position as the largest automotive steel supplier in the U.S., showcasing their commitment to quality and innovation.

General Motors has recognized Hanon Systems as a 2021 Supplier of the Year at its 30th annual awards ceremony in Phoenix, Arizona. This accolade marks the fifth consecutive year Hanon Systems has received this honor, highlighting its commitment to exceed GM's standards in quality and innovation. GM honored 134 suppliers from 16 countries, showcasing resilience amidst industry challenges. Nurdal Kücükkaya, president of Hanon Systems, emphasized the collaboration with GM, while GM's Shilpan Amin noted the special significance of this year's event.

General Motors (GM) has been recognized as one of the 2022 World's Most Ethical Companies by Ethisphere for the third consecutive year. GM is the only original equipment manufacturer (OEM) on this prestigious list, which includes 136 honorees across 22 countries and 45 industries. The recognition underscores GM's commitment to integrity and ethical business practices, aligning with its goals of achieving carbon neutrality by 2040 and introducing over 30 electric vehicle models by 2025. GM's performance in key ethical categories surpasses that of competitors, indicating strong corporate citizenship and governance.

Pacific Gas and Electric Company (PG&E) and General Motors (GM) have announced a collaboration to pilot a technology that allows GM's electric vehicles (EVs) to serve as on-demand power sources for homes within PG&E's service area. This innovative approach utilizes bidirectional charging technology to enhance energy resilience and reliability, particularly in California, which aims to reduce greenhouse gas emissions. The pilot is set to launch with the first vehicle-to-home EV by summer 2022, aiming to improve EV adoption and the overall electric grid system.

General Motors has launched the My GM Rewards Card, a credit card designed to enhance customer loyalty. Cardmembers earn 7X points on purchases with GM and 4X points elsewhere. The card integrates with the Marcus app for easy management and offers no annual fee. Customers can earn benefits like a $100 credit on fuel spending and a $50 vehicle detailing allowance. The launch will feature appreciation experiences, starting with Duel at DAYTONA on Feb. 17, where NASCAR Driver Austin Dillon will participate.

General Motors Co. (NYSE: GM) reported record full-year 2021 earnings with a net income of $10 billion and EBIT-adjusted of $14.3 billion. The company's fourth-quarter earnings showed a net income of $1.7 billion, with a diluted EPS of $1.16. GM anticipates a net income range of $9.4 billion to $10.8 billion for 2022, assuming stable demand and no significant economic challenges. Revenue for 2021 reached $127 billion, a $4.5 billion increase from 2020. The company emphasizes its strategic focus on an all-electric future through the development of the Ultium battery platform.

Consumers Energy and General Motors have announced a partnership to power Michigan's automotive plants in Flint, Burton, and Wyoming with 100% clean energy. This 20-year agreement signifies a commitment to supporting approximately 70 megawatts of renewable energy, enabling GM to reduce carbon emissions by offsetting 235,000 metric tons annually, equivalent to emissions from 51,000 cars. GM aims to source 100% renewable energy in the U.S. by 2025, aligning with Consumers Energy's goal of being carbon neutral by 2040, with 90% of energy needs met through clean sources.

General Motors (NYSE: GM) has announced a historic investment exceeding $7 billion in four manufacturing sites across Michigan. This initiative will create 4,000 new jobs and retain 1,000 jobs, primarily focused on boosting battery cell production and electric truck capacity. Key projects include a new Ultium Cells battery plant in Lansing and the conversion of the Orion Assembly plant for the Chevrolet Silverado EV and electric GMC Sierra. This investment aims to position GM as the leader in North America's electric vehicle market by 2025.