The Latest Breaking News from General Motors Co

GM's 2Q profits down 40% amid supply challenges, reaffirms full-year guidance

General Motors Co.'s second-quarter profits dropped roughly 40% year-over-year amid nagging supply-chain disruptions, even as the Detroit automaker forecast production improvements in the second half of the year and maintained its full-year earnings guidance.

Tribune News Service · Jul 26, 2022

Energy Department plans to loan GM battery joint venture $2.5 billion

WASHINGTON — The Department of Energy said Monday it plans to loan General Motors Co. and LG Energy Solution's joint venture $2.5 billion to build EV battery plants in Michigan, Ohio and Tennessee.

Tribune News Service · Jul 26, 2022

GM's OnStar rebrands with 'modern, simpler' logo

General Motors Co. is rebranding OnStar, its in-vehicle safety and security communications service, with a "modern, simpler design," the automaker said Thursday.

Tribune News Service · Jul 22, 2022

GM Holds ~95,000 Vehicles Manufactured Without Certain Components - Here's Why

General Motors Co (NYSE:GM) provided a business update for 2Q22 and said its vehicle wholesale volumes were impacted by the timing of certain semiconductor shipments and other supply chain disruptions. The company said it had approximately 95 thousand vehicles in its inventory, manufactured mostly in June, without certain components. GM expects to complete…

Benzinga · Jul 1, 2022

General Motors Updates Guidance Following Supply Chain Disruptions: What Investors Need To Know

General Motors Co (NYSE: GM) shares are trading higher Friday morning after the company updated its guidance for the second quarter as a result of supply chain disruptions.

Benzinga · Jul 1, 2022

Buick tops JD Power Initial Quality Study as vehicle problems rise

General Motors Co.'s Buick brand topped J.D. Power's 2022 Initial Quality Study in a year in which pandemic-related disruptions caused overall results to decline.

Tribune News Service · Jun 29, 2022

Video: GMC Hummer EV's 'Extract Mode' Lifts Supertruck To New Heights

General Motors Co (NYSE: GM) is equipping its GMC Hummer electric vehicles with a feature that can help lift the vehicle by nearly 16 inches from the ground when required.

Benzinga · Jun 28, 2022

EV Charging As Easy As Topping Off Tank With Gas: What's EVgo & GM's New Feature Is All About?

EVgo Inc (NASDAQ:EVGO) and General Motors Co (NYSE:GM) have made available Plug and Charge for all GM electric vehicles with DC fast-charging capability on the EVgo network. The feature enables EVgo GM customers to start a fast-charging session without opening a mobile app or swiping an RFID or credit card. The service utilizes the latest…

Benzinga · Jun 27, 2022

Cadillac Plans to Price its Celestiq EV Around $300,000

Cadillac plans to price a future electric sedan at around $300,000, according to people familiar with the matter, testing the cachet of General Motors Co.'s luxury brand.

Bangkok Post · Jun 26, 2022

FedEx Takes 150 Electric Vehicle Delivery From BrightDrop; More To Come

FedEx Corp (NYSE:FDX) has received its first 150 electric delivery vehicles from BrightDrop, the technology startup from General Motors Co (NYSE:GM) decarbonizing last-mile delivery. The move marks a crucial milestone for FedEx, which plans to transform its entire parcel pickup and delivery (PUD) fleet to all-electric, zero tailpipe emissions by 2040. "In just under…

Benzinga · Jun 21, 2022