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General Motors Company - GM STOCK NEWS

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.

General Motors Company (GM) is a global leader in the automotive industry, dedicated to designing, building, and selling some of the world's best vehicles. Operating under four segments—GM North America, GM International, Cruise, and GM Financial—the company has a diversified portfolio that includes renowned brands like Chevrolet, Buick, GMC, Cadillac, and Holden. GM's vision is built on delivering vehicles with compelling designs, flawless quality, reliability, leading safety features, and advanced infotainment options. This commitment extends across 140 countries, unifying a team of world-class employees.

Established in 2009 after emerging from the bankruptcy of its predecessor, General Motors Corp., GM has since streamlined its operations, now focusing on four primary brands in the U.S. The company regained its market share leader position in 2022, holding a 16.5% share in 2023. Innovations in autonomous vehicle technology are highlighted through GM's Cruise division, which aims to restart driverless AV robotaxi services in at least one city by 2024, after a temporary halt in 2023.

Financially, GM remains robust. In the first quarter of 2024, the company reported $43.0 billion in revenue and a net income of $3.0 billion. These results are attributed to GM's strategic investments in EV technology, including the Ultium battery platform, which powers an expanding range of electric vehicles from mass-market to high-performance models.

Recent achievements include GM Defense's successful completion of the 2023 UAE Armed Forces Summer Trials with their Infantry Squad Vehicle (ISV). This demonstrates GM Defense's capability to deliver advanced, reliable off-road vehicles for military use. Additionally, GM Ventures invested in Neural Propulsion Systems (NPS) to enhance radar technology for automotive and defense applications. GM's initiatives in EV technology are also noteworthy, with the introduction of GM Energy's vehicle-to-home (V2H) bidirectional charging technology, starting with the 2024 Chevrolet Silverado EV.

Strategic partnerships and investments continue to play a vital role in GM's growth. Collaborations with companies like NPS and Mistral Inc. reflect GM's commitment to advancing automotive and defense technologies. The company's diverse product offerings and continuous innovation ensure it remains at the forefront of the automotive industry.

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Bridgestone has been named as one of General Motors' top global suppliers of 2023, marking its ninth consecutive and 22nd overall recognition. This accolade highlights Bridgestone's performance, innovation, and alignment with GM's values, particularly in developing tire technologies for the 2024 Chevrolet Blazer EV and Police Pursuit vehicles.

Bridgestone was one of 86 suppliers honored out of GM's network of over 20,000. Noteworthy products include the Bridgestone Alenza A/S 02 and Firestone Firehawk Pursuit tires, engineered for all-season performance and high-speed pursuits, respectively. This recognition aligns with Bridgestone's E8 Commitment, focusing on ecology and extension.

Bridgestone's contributions underscore its role in advancing sustainable mobility solutions while supporting GM's ambitious goals for an all-electric future.

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GM Defense and Mistral announced a strategic collaboration to enhance tactical capabilities with the integration of Mistral's Hero-120 loitering munition into GM Defense's light tactical utility vehicle. This vehicle, based on the Chevrolet Colorado ZR2, features commercial off-the-shelf parts and various seating configurations to meet diverse customer needs. The Hero-120 offers precision strike capabilities, targeting various threats while minimizing collateral damage. The collaboration aims to enhance mobility, speed, and lethality for modern forces. Initial demonstrations have been successful, showcasing the value of these integrated technologies.

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Ascent Global Logistics has been named a 2023 General Motors Supplier of the Year for the tenth time, recognizing their commitment to excellence in providing innovative logistics solutions. GM praised Ascent for exceeding requirements and delivering high-quality services to the automotive industry.
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Worthington Steel, Inc. (NYSE: WS) has been named a 2023 Supplier of the Year by General Motors for the third time, showcasing their commitment to customer value and innovation. With only 86 suppliers recognized out of 20,000, this award highlights their performance, innovation, and cultural alignment with GM's values.
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General Motors Co. (GM) reported strong first-quarter 2024 results with revenue of $43.0 billion, net income of $3.0 billion, and EBIT-adjusted of $3.9 billion. GM raised its 2024 full-year guidance across key financial metrics. The company's financial outlook includes significant capital spending for investments in battery cell manufacturing. GM's leadership will host a conference call to discuss these results. The results show revenue growth, increased net income, and positive margins. The company continues its focus on an all-electric future with the Ultium battery platform.
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General Motors Co. (NYSE: GM) declared a second-quarter 2024 cash dividend of $0.12 per share, payable on June 20, 2024. The company is focused on advancing an all-electric future with the Ultium battery platform, selling vehicles under various brands like Chevrolet and Cadillac.
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Universal Logistics Holdings, Inc. (NASDAQ: ULH) has been recognized as a 2023 Supplier of the Year by General Motors at its annual event in Miami, Florida. This is the third time Universal has received this prestigious award, highlighting their exceptional performance, innovation, and commitment to GM's values and goals. Tim Phillips, Universal's President and CEO, expressed pride in the team's dedication to customer satisfaction, emphasizing the focus on delivering value and service. GM's Vice President, Jeff Morrison, praised the award recipients for their contributions to the company's transformation and the development of world-class vehicles.
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GM Energy introduces a new product suite allowing customers to transfer power between electric vehicles (EVs) and homes. The company offers flexible bundle options and software integration through GM vehicle brand apps, enhancing energy management control. The Energy Live platform serves as an educational resource for customers.
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Sensata Technologies, listed as NYSE: ST, has been named a 2023 Supplier of the Year by General Motors for supplying powertrain and high voltage battery components that enhance vehicle efficiency and safety. The award recognizes Sensata's innovative solutions, on-time deliveries during industry supply shortages, and commitment to exceeding GM's standards.
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General Motors (GM) has named HARMAN, a subsidiary of Samsung Electronics Co., , as a 2023 Supplier of the Year for the third time. The award recognizes HARMAN's commitment to delivering innovative technologies and high-quality consumer experiences in the automotive industry.
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FAQ

What is the current stock price of General Motors Company (GM)?

The current stock price of General Motors Company (GM) is $47.87 as of October 11, 2024.

What is the market cap of General Motors Company (GM)?

The market cap of General Motors Company (GM) is approximately 53.6B.

What brands are under General Motors?

General Motors owns Chevrolet, Buick, GMC, Cadillac, and Holden.

When did GM emerge from bankruptcy?

General Motors Co. emerged from the bankruptcy of General Motors Corp. in July 2009.

What are the main segments GM operates under?

GM operates under four segments: GM North America, GM International, Cruise, and GM Financial.

What is GM's market share in the U.S. as of 2023?

GM held a 16.5% market share in the U.S. in 2023.

What is the Ultium battery platform?

The Ultium battery platform is GM's advanced battery technology designed to power a wide range of electric vehicles.

What is GM Defense's Infantry Squad Vehicle (ISV)?

The ISV is a vehicle designed for military use, which recently completed rigorous testing in the UAE Armed Forces Summer Trials.

What is GM Energy's V2H technology?

GM Energy's V2H (vehicle-to-home) technology allows energy transfer from a compatible GM EV to a properly equipped home, enhancing grid resiliency.

How is GM contributing to autonomous vehicle technology?

GM's Cruise division focuses on developing autonomous vehicle technology, aiming to restart driverless AV robotaxi services by 2024.

What recent investments has GM made in radar technology?

GM Ventures invested in Neural Propulsion Systems (NPS) to enhance radar technology for automotive and defense applications.

Where can I find more information about GM's initiatives?

For more details on GM's initiatives, visit their official website and related pages such as GM Defense and GM Energy.

General Motors Company

NYSE:GM

GM Rankings

GM Stock Data

53.60B
1.12B
0.24%
88.25%
3.13%
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