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 (GM) drives innovation in the global automotive sector through its vehicle manufacturing expertise and diversified operations. This news hub provides investors and industry observers with essential updates on corporate developments, financial performance, and technological advancements.
Access timely press releases and analysis covering earnings reports, product launches, strategic partnerships, and regulatory updates. Our curated collection simplifies tracking GM’s North American operations, international expansions, and GM Financial services initiatives.
Discover updates on electric vehicle development, autonomous technology investments, and sustainability efforts shaping the company’s trajectory. Bookmark this page for structured access to operational milestones and market-moving announcements from one of the automotive industry’s most influential players.
Ultium Cells LLC, a joint venture of General Motors and LG Energy Solution, has partnered with Li-Cycle to recycle up to 100% of battery manufacturing scrap. This initiative will enable the recovery of materials like cobalt, nickel, and lithium, with 95% usable in new batteries or industries. The recycling process emits 30% less greenhouse gas than traditional methods. GM aims to divert over 90% of manufacturing waste by 2025. The joint venture involves a $2.3 billion investment to expand EV manufacturing in the U.S. and create local jobs.
General Motors Co. (NYSE: GM) reported strong first-quarter earnings with revenue at $32.5 billion and net income of $3.0 billion. The EBIT-adjusted figure reached $4.4 billion, reflecting a margin of 13.6%. Key factors included robust performance in North America and GM Financial, alongside recovery in China. Despite ongoing semiconductor shortages, GM remains confident in achieving guidance for full-year 2021, projecting net income between $6.8 billion and $7.6 billion. The company anticipates EPS diluted between $4.28 and $5.03.
General Motors launched Ultium Charge 360, a comprehensive charging solution aimed at enhancing the EV ownership experience. This initiative integrates charging networks with GM mobile apps and provides home and public charging support. GM has partnered with seven major charging providers, targeting 2,700 fast chargers by 2025, with 500 expected to be operational by the end of 2021. The Ultium Platform promises ranges of up to 450 miles and supports the launch of 30 EV models globally by 2025, underscoring GM's commitment to an all-electric future.
Mapbox has launched Mapbox Dash, a customizable lane-level navigation system aimed at automakers. The system allows full control over navigation experiences, including map design and user interface, featuring lane guidance, live traffic updates, speed limit warnings, and voice integration. General Motors (GM) is the first to adopt this technology, rolling out its Maps+ application to about 900,000 vehicles starting April 30. Dash reduces application launch time significantly, enabling faster integration of vehicle-specific functionalities, all as a subscription service.
General Motors (GM) and LG Energy Solution are investing $2.3 billion to establish a new battery cell manufacturing plant in Spring Hill, Tennessee. The facility, spanning 2.8 million square feet, will create 1,300 new jobs and enhance GM's production capabilities for Ultium batteries, integral to its electric vehicle (EV) strategy. Construction is set to begin immediately, with the plant expected to open in late 2023. This partnership aims to solidify U.S.-based supply chains and support GM's transition to an all-electric future.
General Motors Co. (NYSE: GM) will announce its Q1 2021 financial results on May 5, 2021, at 7:30 a.m. ET, followed by a conference call at 10 a.m. ET.
Investors can access financial materials on the company's Investor Relations website. The call can be joined at 888-808-8618 for U.S. callers or +1-949-484-0645 for international callers. Key upcoming earnings release dates are Aug. 4, 2021, for Q2 and Oct. 27, 2021, for Q3.
General Motors Co. reported selling 642,250 vehicles in the U.S. in Q1 2021, a 4 percent increase year-over-year. Retail deliveries rose by 19 percent, while fleet sales dropped 35 percent. Cadillac led with a 43 percent increase in deliveries, and all brands saw double-digit growth. Despite a global semiconductor shortage, GM is optimizing production and expects strong demand to continue. The company ended Q1 with 334,628 units in inventory, down 76,247 from the previous quarter.
DETROIT, March 25, 2021 /PRNewswire/ -- General Motors (NYSE: GM) announces the addition of Meg Whitman and Mark Tatum to its Board of Directors. This expands GM's board to 13 members, emphasizing diversity with seven women. Whitman, former CEO of Hewlett-Packard and eBay, brings extensive tech and leadership experience, while Tatum, NBA Deputy Commissioner, offers insights into brand building and customer relations. GM's commitment to electric vehicles and carbon neutrality by 2040 aims to strengthen its market position and shareholder value.
General Motors Co. (GM) announced robust earnings for 2020, despite production challenges from COVID-19 and the Takata airbag recall. The company recorded a full-year income of $6.4 billion and an adjusted EBIT of $9.7 billion, with a diluted EPS of $4.33. For Q4, GM reported an income of $2.8 billion and an EBIT-adjusted margin of 9.9%. North America generated an EBIT-adjusted of $9.1 billion, while GM International posted a $(0.5) billion loss. Despite strong cash flow and profitable segments, challenges remain in international markets and Cruise operations.
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