Welcome to our dedicated page for General Mtrs Co news (Ticker: GM), a resource for investors and traders seeking the latest updates and insights on General Mtrs Co stock.
General Motors Company (NYSE: GM) regularly issues news and updates that cover its automotive operations, electric vehicle strategy, financial performance, and strategic partnerships. Company releases describe GM as a global automaker focused on advanced technology to build safer, smarter, and lower‑emission cars, trucks, and SUVs under brands such as Chevrolet, Buick, GMC, and Cadillac.
On this news page, readers can find earnings announcements and related commentary, including quarterly revenue, net income attributable to stockholders, EBIT‑adjusted, and segment results for GM North America, GM International, and GM Financial. These releases often include reconciliations between reported and adjusted metrics and updated guidance ranges, along with details on non‑GAAP adjustments such as EV‑related charges, restructuring costs, and legal accruals.
GM’s news also highlights product and strategy developments, particularly around electric vehicles and internal combustion engine vehicles. The company has discussed its investments in EVs, its dedicated EV architecture and battery platform, and its subsequent strategic realignment of EV capacity in response to policy changes and demand. At the same time, GM emphasizes the ongoing importance of full‑size SUVs and pickup trucks powered by internal combustion engines.
Visitors will see coverage of partnerships and collaborations, including co‑development work with Hyundai Motor Company, a multi‑year supply agreement with Noveon Magnetics for rare earth magnets supporting full‑size SUVs and trucks, and a collaboration with Pilot Company and EVgo to expand public fast‑charging infrastructure along major travel routes. News items also feature GM’s role in the Cadillac Formula 1 Team, media projects documenting the team’s creation, and marketing partnerships linked to motorsports.
In addition, GM issues dividend declarations and other capital allocation updates through press releases. Investors and followers of the company can use this page to review a chronological record of GM’s official communications about its business, strategy, and financial results.
GMC and General Motors have initiated a multi-year collaboration with the Marcus Graham Project (MGP) to promote racial diversity in marketing and media. The partnership includes a three-year sponsorship of MGP's annual iCR8™ Boot Camp, beginning in 2022, aimed at fostering BIPOC talent in the industry. Current hiring trends indicate significant underrepresentation of Black professionals in advertising, with projections suggesting diversity won't reflect U.S. demographics until 2079. The initiative aims to address this gap by providing training and mentorship opportunities for aspiring leaders.
GM Defense LLC, a subsidiary of General Motors, has secured a $36.4 million contract from the U.S. Department of State to develop the next-generation Large Support Utility Commercial Vehicles for the Diplomatic Security Service. Over two years, GM Defense will build 10 purpose-built Heavy-Duty Suburbans using advanced manufacturing techniques for enhanced efficiency. The initial vehicle delivery is slated for next spring, with expectations of a follow-up contract for 200 units annually over nine years, beginning in May 2023. This project reflects GM's commitment to innovation in government and defense.
General Motors and AT&T announced a partnership to integrate 5G cellular connectivity into GM vehicles over the next decade. This collaboration aims to enhance in-vehicle experiences with features like improved navigation, faster downloads, and secure software updates. The rollout will begin with select model year 2024 vehicles, while existing 4G LTE vehicles will also benefit from upgrades. This initiative aligns with GM's strategy for an all-electric and autonomous future, leveraging AT&T's extensive 5G network to set a new standard for automotive connectivity.
EVgo announced second quarter results for 2021, reporting revenue of $4.8 million, up from $4.1 million in Q1 2021. The customer count has surpassed 275,000, reflecting the strong uptake of EV adoption and EVgo’s products. Notably, the company added 104 new charging stalls, bringing the total to 1,548. Despite the growth, EVgo faces challenges with a net loss of $18.4 million and a gross loss of $2.8 million. The company's guidance for full-year revenue is affirmed at $20 million.
General Motors Co. (NYSE: GM) reported impressive second-quarter earnings on Aug. 4, 2021, with revenues of $34.2 billion and net income of $2.8 billion. The company saw a significant increase in retail market share within full-size pickups and capitalized on high used vehicle prices. GM raised its full-year guidance, projecting net income between $7.7 billion and $9.2 billion. With a diluted EPS of $1.90, investors can look forward to a strong growth trajectory fueled by EV and AV initiatives.
General Motors Co. (NYSE: GM) is set to release its second-quarter 2021 financial results on August 4, 2021, at 7:30 a.m. ET, followed by an analysts' conference call at 10 a.m. ET. Financial materials will be accessible via their Investor Relations website.
Highlights include the upcoming third-quarter earnings announcement on October 27, 2021. GM is actively pursuing an all-electric future, driven by its Ultium battery platform, catering to a diverse range of vehicles.
Alps Alpine Co., Ltd. was awarded the GM Supplier of the Year for the seventh consecutive year, recognized among 122 suppliers globally. This award reflects their exceptional performance in supporting GM's mission for zero crashes, emissions, and congestion during a challenging year. GM's selection criteria included product purchasing, manufacturing services, and logistics. Alps Alpine operates in 26 countries, offering a wide range of automotive and electronic components. GM is advancing towards an all-electric future with the Ultium battery platform.
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Brose has been recognized as a Supplier of the Year by General Motors (GM) for the sixth consecutive year, highlighting its performance in 2020. GM awarded 122 suppliers from 16 countries based on criteria like product purchasing and customer care. Brose's commitment to innovation and quality has been pivotal in supporting GM's mission towards zero crashes, emissions, and congestion. With over 25,000 employees generating 5.1 billion euros in sales, Brose continues to be a key partner in the automotive industry, reflecting resilience and dedication during challenging times.
General Motors has entered a strategic investment and collaboration with Controlled Thermal Resources (CTR) to secure local, low-cost lithium for electric vehicle (EV) batteries. This partnership focuses on a closed-loop extraction process, minimizing environmental impact and emissions compared to traditional mining methods. GM is the first investor in CTR's Hell's Kitchen project, with plans to source future lithium needs domestically. The first lithium production is expected in 2024. This move aligns with GM's commitment to an all-electric future, aiming for zero tailpipe emissions by 2035.