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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

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

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

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Details of exemptions sought by GM, Ford for self-driving systems released by NHTSA

The National Highway Traffic Safety Administration on Wednesday released details of requests submitted by Ford Motor Co. and General Motors Co. to waive some federal safety standards for automated driving programs, moving the automakers a step closer to their AV visions.

Tribune News Service

Hyundai unveils sedan version of cult EV

SEOUL: Hyundai Motor Co unveiled a sedan version of its cult electric vehicle yesterday, with an interior that can beam different colours depending on the speed of the car, as the automaker continues its ambitious EV push with an eye on challenging rivals such as Tesla Inc and General Motors…

Bangkok Post

Why General Motors Stock Is Sliding

General Motors Co (NYSE: GM) shares are trading lower Tuesday. On Monday, the company reported second-quarter deliveries that were down year-over-year.

Benzinga

GM's sales drop in Q2, automaker still affirms yearly profit guidance

General Motors Co. on Friday reported a 15% year-over-year decline in its second quarter sales when the automaker still remained supply constrained, but the automaker also still expects to deliver $9.6 billion to $11.2 billion in net income this year, according to a Friday filing with the Securities and Exchange…

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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

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

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

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

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

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

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

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Tribune News Service

GM ups price of already pricey Hummer EV

Amid rising commodity costs, General Motors Co. is upping the price on its GMC Hummer EV pickup and SUV by $6,250 starting June 18.

Benzinga

GM Invests $81M In Global Technical Center To Build Cadillac Celestiq

General Motors Co (NYSE:GM) plans to invest more than $81 million into the company’s Global Technical Center in Warren, Michigan, to build the Cadillac Celestiq. The electric flagship sedan will be the first production vehicle to be built at GM’s Global Technical Center since its inauguration in May 1956. The Cadillac Celestiq will…

Tribune News Service

General Motors forms international defense business

General Motors Co.'s defense business is going international.

Tribune News Service

Ford, GM, Stellantis, Toyota urge Congress to lift EV tax credits cap

WASHINGTON — Ford Motor Co., General Motors Co., Stellantis NV and Toyota Motor Corp. sent a letter to congressional leaders Monday urging them to lift the 200,000 customer cap for existing electric vehicle tax credits.

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How automakers, suppliers are getting creative to woo workers amid labor crunch

FORT WAYNE, Indiana — Ethan Pearl had been searching for a job for almost a year when he walked into General Motors Co.'s on-site hiring event at the truck plant here on a rainy May afternoon.

Benzinga

Why Aspen Aerogels Shares Are Surging Today

Aspen Aerogels Inc (NYSE:ASPN) stated that the increased visibility to expected order volume for 2022 from General Motors Co (NYSE:GM) and Toyota Motors Corp (NYSE:TM) is driving an updated outlook in thermal barrier revenues from $18 million to a range of $52 million - $62 million, a potential threefold increase in demand versus original expectations. FY22 Outlook,…

Benzinga

GM's Cruise Becomes California's First Driverless Ride Service

General Motors Co’s (NYSE: GM) robotaxi venture Cruise said on Thursday it had secured a commercial permit to charge a fare for driverless rides, much ahead of rivals such as Tesla Inc (NASDAQ:

Benzinga

Chevy Bolt EVs To Be $6,000 Cheaper In Aftermath Of Recall Nightmare

General Motors Co (NYSE: GM) on Wednesday revealed a lower price for its 2023 Chevrolet Bolt EV as it looks to boost sales after being slammed by a huge recall due to fire risks that shut down sales and production for several months of the last year.

Tribune News Service

Chevy slashes Bolt EV, EUV prices to under $30K

General Motors Co. is slashing prices on its Chevrolet Bolt EV and EUV for model year 2023 to spur more electric vehicle adoption.

Tribune News Service

UAW pushes to represent battery plant workers in Ohio

The United Auto Workers said it's moving forward with attempts to unionize a joint-venture battery cell plant after pushback from Ultium Cells LLC, a company General Motors Co. and partner LG Energy Solution own.

Benzinga

GM Informs 5,000 Customers Hackers Stole Their Personal Data

General Motors Co (NYSE: GM) informed nearly 5,000 customers that hackers stole some of their personal data, Bloomberg News

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