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.
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.
Lockheed Martin (NYSE: LMT) and General Motors (NYSE: GM) have partnered to develop next-generation lunar vehicles for NASA's Artemis program, enhancing lunar exploration capabilities. The Lunar Terrain Vehicle (LTV) aims to enable astronauts to travel farther on the Moon's rugged terrain, especially at the Moon's south pole. Lockheed Martin will leverage over 50 years of experience with NASA, while GM will integrate advanced battery-electric technologies and autonomous systems for improved operational efficiency. This partnership represents a significant advancement in space exploration technology.
TROY, Mich., May 24, 2021 /PRNewswire/ -- BetterInvesting Magazine has named The Hershey Co. (NYSE: HSY) as its 'Stock to Study' and General Motors Co. (NYSE: GM) as its 'Undervalued Stock' in the August 2021 issue. CEO Ken Zendel emphasized the importance of self-research in investment decisions as the economy stabilizes. The magazine provides educational resources to help investors assess these stocks. Interested investors can explore the August issue for deeper insights into Hershey and GM's potential.
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.
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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.