Welcome to our dedicated page for General Mtrs news (Ticker: GM), a resource for investors and traders seeking the latest updates and insights on General Mtrs stock.
General Motors Company reports developments tied to its global auto business, including quarterly earnings, guidance, dividends, share repurchases, tariffs, and EV investment decisions. The company sells Buick, Cadillac, Chevrolet, and GMC cars, trucks, SUVs, and electric vehicles, with GM Financial serving as its captive finance arm.
Recurring updates also cover charging access through brand apps, dealer service-technician training, Cadillac brand and motorsports partnerships, and manufacturing or capacity changes related to vehicle demand and emissions policy. News commonly connects GM's product portfolio, capital allocation, and technology initiatives with conditions in the North American and international automotive markets.
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.
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On June 25, 2021, Hankook Tire was awarded the prestigious Supplier of the Year title by General Motors (GM) for 2020, marking the fifth consecutive year of recognition. GM honored 122 suppliers from 16 countries, highlighting those who exceeded operational requirements and contributed innovative technologies. GM's VP, Shilpan Amin, emphasized the importance of resilience among suppliers in achieving long-term sustainability. The selection was based on performance across various criteria, showcasing Hankook's commitment to quality and innovation in tire technology for GM vehicles.
Dana Incorporated (NYSE: DAN) has been recognized as a 2020 Supplier of the Year by General Motors for its driveline technologies and sealing solutions. This marks the fourth consecutive year Dana has received this award, chosen by a GM global team based on stringent performance criteria across various sectors. In 2020, Dana reported sales of $7.1 billion and has maintained a long-standing partnership with GM since 1904. The recognition underscores Dana's commitment to innovation and sustainable practices in the automotive industry.
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General Motors has partnered with Shell to offer comprehensive renewable energy solutions to its customers and suppliers, starting in Texas. Eligible owners of GM vehicles can access fixed-rate home energy plans powered by 100% renewable resources. Notably, electric vehicle owners will benefit from free overnight charging options. Both companies are committed to ambitious sustainability goals, with GM aiming for carbon neutrality by 2040 and Shell targeting net-zero emissions by 2050. The collaboration includes plans to expand offerings across the U.S. in the future.
GP Strategies (NYSE: GPX) has been awarded the GM Supplier of the Year for the 4th time, recognizing its exceptional performance in 2020. The award was presented to 122 suppliers globally, highlighting those who exceeded General Motors' requirements. GM emphasized the importance of supplier resilience and innovation during challenging times, aligning with their mission for zero crashes, emissions, and congestion. The selection was based on multiple performance criteria, showcasing GP Strategies' commitment to supporting GM's business priorities and sustainability goals.
General Motors Co. (NYSE: GM) has announced a significant increase in its EV and AV investments, raising the total commitment to $35 billion from 2020 to 2025, a 75% increase over previous announcements. This funding aims to solidify GM's position as a leader in electric vehicles and battery technology. The company targets over 1 million global EV sales by 2025, driven by strong consumer demand and commitments to enhance charging infrastructure. GM expects EBIT-adjusted results in the $8.5 to $9.5 billion range for the first half of 2021, despite ongoing semiconductor shortages.