General Mtrs Co - GM STOCK NEWS

GM and PG&E have launched a residential Vehicle-to-Everything pilot program in Northern and Central California, offering up to $4,500 in incentives for qualifying GM Energy home products with bidirectional charging capability. The program allows compatible GM EVs to power homes during outages and potentially support grid resiliency.

Eligible vehicles include the 2024 models of Chevrolet Silverado EV, Equinox EV, Blazer EV, Cadillac Lyriq EV, GMC Sierra, and 2025 Cadillac Lyriq EV, with plans to add all 2025 EV models. The collaboration aims to evaluate bidirectional technology's potential for customer value and grid support, while participating customers can receive additional incentives through planned backup power events and continued enrollment.

Dolby Laboratories (NYSE: DLB) and General Motors (NYSE: GM) have announced a significant partnership to integrate Dolby Atmos across Cadillac's entire 2026 electric vehicle lineup. The feature will be available in models including the ESCALADE IQL, ESCALADE IQ, LYRIQ-V, OPTIQ, and VISTIQ. Select 2025 models will receive this capability through over-the-air updates.

The partnership comes amid increasing consumer demand for premium audio experiences, with nearly 90% of music streaming subscribers considering enhanced audio quality a 'must-have' feature. The technology is widely available, with 93% of Billboard's 2024 Top 100 Artists releasing music in Dolby Atmos format.

This strategic move aligns with current driving trends, as U.S. drivers collectively cover over 3 trillion miles annually, according to the Federal Highway Administration, making in-car entertainment increasingly important for consumers.

Cadillac Formula 1 Team, backed by TWG Motorsports and General Motors (GM), has received final approval to join the F1 grid in 2026 as the 11th team. The partnership creates a distinctly American team combining TWG Motorsports' resources and GM's engineering expertise.

The team has appointed Graeme Lowdon as Team Principal and Russ O'Blenes as CEO of TWG GM Performance Power Units. Since January 2023, TWG Motorsports has built a team of over 300 people focusing on aerodynamics, chassis development, and simulation. Operations are established across multiple locations including Indianapolis, Charlotte, Warren, and Silverstone.

The team is actively developing their V6 power unit and has operational wind-tunnel models with parts production and performance testing underway, preparing for their 2026 debut.

General Motors (GM) has announced significant shareholder-friendly initiatives, including a new $6 billion share repurchase authorization and a quarterly dividend increase. The company will execute $2 billion of the repurchase through an Accelerated Share Repurchase (ASR) program expected to conclude in Q2 2025.

The quarterly dividend will increase by $0.03 to $0.15 per share, effective from the next planned dividend in April 2025. GM's capital spending for 2025 is projected at $10-11 billion, with over $8 billion allocated to research and product development.

As of December 31, 2024, GM had less than 1 billion total shares outstanding, with weighted average common shares of 1.055 billion in 2024. The company maintains $4.3 billion capacity for additional opportunistic share repurchases outside the ASR program.

General Motors (GM) reported full-year 2024 net income of $6.0 billion and EBIT-adjusted of $14.9 billion. The fourth quarter showed a net loss of $3.0 billion, impacted by over $5 billion in special charges, including $4 billion in restructuring and China joint venture impairments, plus $0.5 billion related to Cruise robotaxi.

Full-year 2024 revenue increased 9.1% to $187.4 billion, with EBIT-adjusted margin improving to 8.0%. The company's 2025 guidance projects net income of $11.2-12.5 billion and EBIT-adjusted of $13.7-15.7 billion, assuming stable North American policy environment and $0.5 billion benefit from reduced Cruise expenses.

Notable metrics include automotive operating cash flow of $23.9 billion and adjusted automotive free cash flow of $14.0 billion for 2024. GMNA EBIT-adjusted margin improved to 9.2%, while GMI faced challenges with China equity income showing a significant loss of $4.4 billion.

General Motors (NYSE: GM) has announced its Board of Directors' declaration of a quarterly cash dividend of $0.12 per share on the company's outstanding common stock. The dividend will be payable on March 20, 2025, to stockholders of record at the close of trading on March 7, 2025.

The company continues its focus on driving transportation's future through advanced technology, developing safer, smarter, and lower emission vehicles. GM's portfolio includes both innovative gasoline-powered vehicles and electric vehicles across its Buick, Cadillac, Chevrolet, and GMC brands, as part of its transition towards an all-electric future.

GM Defense announced it will supply next-generation Suburban Shield armored vehicles to the Qatar Armed Forces and Special Forces Command for diplomatic security and VIP transport. The vehicle is based on GM's full-size truck architecture, featuring commercial parts while incorporating a new body-on-frame chassis and suspension system designed for increased weight and performance requirements.

The Suburban Shield integrates protective armor during the original design and manufacturing process, departing from traditional after-market modifications. The vehicle leverages GM's digital engineering and global quality management systems to ensure high performance and reliability. GM Defense is already providing customized Suburban Shields to the U.S. Department of State's Diplomatic Security Service.

ChargePoint (NYSE: CHPT) and General Motors (GM) have announced a collaboration to install hundreds of ultra-fast EV charging ports across the United States by the end of 2025. The initiative features ChargePoint's Omni Port system, which enables both CCS and NACS charging without adapters, and the Express Plus platform capable of charging speeds up to 500kW.

The collaboration includes an incentive program to facilitate third-party charge point operators (CPOs) in owning and operating EV charging infrastructure. The stations will be branded as GM Energy and aim to improve charging accessibility while providing faster charging experiences for EV drivers.

Nouveau Monde Graphite (NMG) has secured a US$50-million equity investment from Canada Growth Fund (CGF) and the Government of Québec through Investissement Québec. The investment involves issuing 39,682,538 common shares at US$1.26 per share, with each share accompanied by a warrant exercisable at US$2.38. The funding will support NMG's Phase-2 Matawinie Mine and Bécancour Battery Material Plant development through detailed engineering and long-lead item orders.

The investment marks CGF's first direct investment and demonstrates continued support from Québec. The deal is expected to close around December 19, 2024, subject to regulatory approvals. NMG plans to release an updated feasibility study for its integrated Phase-2 operations in early Q1-2025, focusing on optimizing production parameters, engineering, and cost projections.