Welcome to our dedicated page for General Motors Company news (Ticker: $GM), a resource for investors and traders seeking the latest updates and insights on General Motors Company stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect General Motors Company's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of General Motors Company's position in the market.
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GM Defense , a subsidiary of General Motors, has awarded Hendrick Motorsports as its 2023 Supplier of the Year for their outstanding support in providing innovative technologies and high-quality solutions for the Infantry Squad Vehicle (ISV). The ISV, based on the Chevrolet Colorado ZR2, features 90% commercial-off-the-shelf parts and is crucial for delivering next-generation military mobility solutions to the U.S. Army.
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End-of-Day
-1.73%
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Neural Propulsion Systems (NPS) secures a $17.5 million Series B funding round led by Cota Capital with contributions from GM Ventures and RTX Ventures. The investment will enhance roadway safety and defense radar systems through the development of the award-winning Atomic Sensing Platform for automotive radar technology.
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-1.99%
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GM Defense's Infantry Squad Vehicle successfully completed the 2023 UAE Armed Forces Summer Trials, showcasing its capabilities in rugged combat conditions. The vehicle traveled nearly 2,000 kilometers across diverse terrain, passing mobility and maintenance trials. GM Defense aims to offer the ISV and its variants to defense and government customers in the UAE and the region, following a cooperative agreement with Tawazun Council.
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-1.23%
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Nouveau Monde Graphite Inc. (NMG) closes a private placement, raising US$50 million through the sale of common shares and warrants to Panasonic and General Motors. The company plans to use the proceeds to advance its Phase-2 operations at the Matawinie Mine and Bécancour Battery Material Plant. Additional private placements are pending approval, with Mitsui & Co., Ltd. and Pallinghurst Bond Limited. Panasonic's ownership in NMG increases to 20% post-investment.
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1.12%
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Nouveau Monde Graphite Inc. (NMG) is ramping up efforts in Bécancour, Quebec, to implement its Phase-2 Bécancour Battery Materials Plant. The company is actively engaged in regional development initiatives for a skilled workforce, construction contractors, and suppliers. NMG is progressing with engineering, permitting, and pre-construction work towards the final investment decision, supported by offtake agreements with Panasonic Energy and General Motors.
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0.4%
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Panasonic Energy signs Offtake Agreement and invests $25 million in NMG for Phase-2 operations.
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1.62%
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NMG and GM have agreed to sign a multiyear supply agreement for 18,000 tonnes per annum of active anode material, with GM committing to a US$150 million investment to support NMG's Phase-2 operations. This collaboration aims to provide GM with a carbon-neutral source of active anode material for EV production, highlighting NMG's position as a leading natural graphite producer in North America.
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1.62%
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Nouveau Monde Graphite Inc. (NMG) secures multiyear offtake agreements with Panasonic Energy and GM, along with investments totaling US$87.5 million from Mitsui and Pallinghurst. These agreements support NMG's Phase-2 operations, positioning the company as a key player in the North American graphite market for EVs and lithium-ion batteries.
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1.62%
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Girl Scouts of the USA (GSUSA) has partnered with General Motors to launch a new comprehensive STEM Playbook aimed at sparking girls' interest in science, technology, engineering, and mathematics (STEM). The playbook is designed to provide guidance, resources, and support to staff, volunteers, and caregivers to engage girls of all grade levels in STEM activities.
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1.81%
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General Motors Co. (NYSE: GM) reported fourth-quarter 2023 revenue of $43.0 billion, net income of $10.1 billion, and EBIT-adjusted of $12.4 billion. GM's 2024 guidance anticipates strong financial performance, with net income between $9.8 billion and $11.2 billion and EBIT-adjusted between $12.0 billion and $14.0 billion. The company's automotive operating cash flow, adjusted automotive free cash flow, and EPS-diluted are also expected to increase in 2024.
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Rhea-AI Sentiment
End-of-Day
7.8%
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General Motors Company
NYSE:GM
GM Rankings
GM Stock Data
50.30B
1.15B
0.29%
96.56%
6.37%
Automobile Manufacturing
Manufacturing
United States of America
DETROIT
About GM
at general motors, we are passionate about designing, building and selling the world’s best vehicles. this vision unites us as a team each and every day and is the hallmark of our customer-driven culture. we set high standards for our company so that we can give you the best cars, trucks and suvs. it’s our commitment to deliver vehicles with compelling designs, flawless quality and reliability, and leading safety, fuel economy and infotainment features. the very things that create that special bond between driver and vehicle. whether it’s a chevrolet, buick, gmc, cadillac or holden, making the world’s best vehicles can only happen with the world’s greatest employees. we take great pride in our work, and take great care to deliver exceptional cars and a positive ownership experience to our customers in 140 countries around the world. for information on the gm privacy statement, please visit http://www.gm.com/privacy-statement.html