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.
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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.
Wabtec Corporation (NYSE: WAB) and General Motors (NYSE: GM) are collaborating to develop GM's Ultium battery and HYDROTEC hydrogen fuel cell technologies for Wabtec locomotives. This partnership aims to promote a zero-emission future in rail transportation. Wabtec's FLXdrive locomotive can reduce carbon emissions by 30% and is the world's first fully battery-powered locomotive. The nonbinding memorandum of understanding signifies both companies' commitment to advancing sustainable rail solutions using advanced propulsion technologies.
On June 3, 2021, General Motors announced plans to boost vehicle deliveries in the U.S. and Canada due to high consumer demand. Key points include an increase in the production of Silverado HD and Sierra HD pickups by 1,000 trucks per month starting mid-July and a shipment increase of 30,000 units for Colorado and Canyon pickups. GM also indicated no summer downtime for crucial assembly plants. The company expects first-half financial results to exceed prior guidance, with optimism for full-year performance.