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The Latest Breaking News from General Motors Co

Evgo Inks Commercial Agreement With This Auto Giant

EVgo Inc (NASDAQ:EVGO) has signed a commercial agreement with General Motors Co (NYSE:GM) brand Cadillac to offer drivers of the 2023 Cadillac LYRIQ the option of two years of unlimited public fast charging. The financial terms were not disclosed. Under the agreement, Cadillac offers eligible LYRIQ drivers the choice of 2 years of unlimited charging on EVgo's…

Benzinga

Cathie Wood Cuts Another $32M From Tesla Stake — Initiates Position In This Legacy Automaker Instead

Cathie Wood-led Ark Investment Management on Monday scooped up shares in General Motors Co (NYSE: GM), the money management firm's first-ever buy in a Detroit-based automaker.

Benzinga

GM is commercializing its fuel cell business. Here's a look behind the scenes

PONTIAC, Michigan — General Motors Co. may be relentlessly promoting an electric future with its sleek-looking EVs for retail customers, but for decades the automaker also has been developing hydrogen fuel cell propulsion technology — and now it's ready to start making money from it.

Tribune News Service

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GM, mobility analytics company develop road safety application

General Motors Co. and INRIX Inc., a mobility analytics company, said Wednesday they are collaborating on an application that provides transportation officials with safety data.

Tribune News Service

GM, INRIX Join Forces For Road Safety Solutions

General Motors Co (NYSE:GM) is collaborating with a mobility analytics company, INRIX Inc, to develop safety solutions. Safety View by GM Future Roads & INRIX is a cloud-based application providing transportation officials with critical insights using crash, vehicle, and vulnerable road user (VRU) information. The application will be available first in the U.S. Alan…

Benzinga

GM starts preparing CAMI facility to be Canada's first EV plant

Construction to prep Canada's first full-scale electric vehicle manufacturing plant is now underway at General Motors Co.'s CAMI plant in Ingersoll, Ontario.

Tribune News Service

Ford, GM Halt Production At Some North American Plants: What You Need To Know

General Motors Co (NYSE: and Ford Motor Co (NYSE: GM) are halting production at some of their plants in the U.S.

Benzinga

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GM To Spend $2B On Self-Driving Startup Cruise This Year, Just A Permit Away From Charging Customers

General Motors Co (NYSE: GM) CFO Paul Jacobson said on Tuesday the company will spend about $2 billion on its self-driving taxi fleet Cruise this year.

Benzinga

GM continues to book profit amid headwinds, looks to execute EV strategy

General Motors Co. CEO Mary Barra says the company is in "execution mode" for its electric vehicles and again touted its plans while reporting a first-quarter profit Tuesday — the same day crosstown rival Ford Motor Co. celebrated the launch of its electric F-150.

Tribune News Service

What's Going On With General Motors Shares After Hours?

General Motors Co (NYSE: GM) shares are trading flat in Tuesday's after-hours session after the company reported mixed financial results.

Benzinga

Move over, little red Corvette: Chevy's electrifying its iconic sports car

General Motors Co. is electrifying its iconic sports car, the Chevrolet Corvette, GM President Mark Reuss announced Monday.

Tribune News Service

GM To Make Electric Chevrolet Corvettes: CNBC

General Motors Co (NYSE:GM) President Mark Reuss said the company will produce an electrified Chevrolet Corvette in 2023, CNBC reported. Reuss did not disclose whether the electrified model would be a traditional or plug-in hybrid electric vehicle. He assured the automaker would continue manufacturing traditional models with internal combustion engines alongside the…

Benzinga

Honda Developing Three New Electric Vehicle Platforms by 2030, Says Executive

Honda Motor Co plans to build millions of electric vehicles (EV) by 2030 using three new dedicated platforms, with one to be jointly developed with US partner General Motors Co, a top executive at the Japanese automaker said. Shinji Aoyama, Honda's global head of electrification, told Reuters on Thursday the…

Asharq Al-Awsat

GM makes another move to solidify EV supplies

In another move to make sure it has what it needs to electrify its lineup, General Motors Co. said Thursday it entered into a supply agreement with MP Materials Corp. for the alloy and magnets needed for EV programs.

Tribune News Service

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Benzinga

Magna-LG JV Taps GM As Foundational Customer For New Facility In Mexico

LG Magna e-Powertrain, a joint venture (JV) between LG Electronics and Magna International Inc (NYSE:MGA), marked the groundbreaking of its new plant in Ramos Arizpe, Mexico. General Motors Co (NYSE:GM) is the foundational customer for the new facility. The new facility will produce inverters, motors, and on-board chargers to support General Motors' electric vehicle (EV) production. The 260,000…

Benzinga

Tesla Bull Cathie Wood Shows Shifting Stance On GM After Months Of Dissing The Stock

Tesla Inc (NASDAQ: TSLA) bull Cathie Wood seems to have had a change of heart about General Motors Co (NYSE: GM) after months of dissing the legacy

Benzinga

San Francisco Cops Pulled Over A Driverless GM Cruise — What Happened Next Left Onlookers In Splits

General Motors Co (NYSE: GM)-owned, self-driving taxi service Cruise’s unusual pit stop on a San Francisco street last week left onlookers in splits.

Benzinga

Honda Motor Earmarks $64B Over 10 Years On EV Push, Firing Up Rivalry With Tesla

Honda Motor Co Ltd (NYSE:HMC) looks to spend ¥8 trillion ($64 billion) on research and development over the next decade, laying out an ambitious target to roll out 30 electric vehicle models globally by 2030. Honda's goals include producing 2 million EVs a year by 2030 to gain a share in the fast-growing…

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Asharq Al-Awsat

Japan’s Honda Outlines Strategy to Forge Ahead on EVs

Honda is investing 5 trillion yen ($40 billion) over the next decade in research, especially to realize a major shift to ecological electric vehicles, the Japanese automaker said Tuesday. The products and services in the works will account for more than half of its 8 trillion yen ($64 billion) research…

Benzinga

Why General Motors Stock Surged Today And How To Play The Break

General Motors Company (NYSE: GM) gapped down slightly lower to begin Monday’s trading session but bulls came in and bought the dip, causing the stock to shoot up 6.6% higher at one point.

Benzinga

Tesla's Lead Times Longer Than Ford, GM Due To This Reason, Says Munster

Tesla Inc (NASDAQ: TSLA) has a lead time twice as long as those of the top legacy automakers General Motors Co (NYSE: GM) and Ford Motor Co (NYSE:

Benzinga

Volkswagen To Scrap Dozens Of Models To Focus On Premium Market: FT

Volkswagen AG (OTC:VWAGY) to discontinue several of its combustion engine models by the end of the decade and sell fewer cars overall to focus on developing more profitable premium vehicles, Financial Times reported, citing the company's finance chief. "The main goal is not growth, it is us [more focused] on quality and…

Benzinga

MDA Partners With Lockheed Martin, General Motors On Lunar Rover Development

MDA Ltd. (TSX:MDA) (OTC:MDALF) is collaborating with Lockheed Martin Corp (NYSE:LMT) and General Motors Co (NYSE:GM) to integrate its commercial robotic arm technology on their planned human-rated lunar mobility vehicles. "We believe this collaboration will enable all three companies to continue to define the art of the possible, push the boundaries of space innovation, and provide the…

Tribune News Service

GM, Honda to make 'affordable' EVs together

General Motors Co. and Honda Motor Co. Ltd. are expanding their partnership to make a series of "affordable" electric vehicles together based on a new global architecture that will use GM's next-generation Ultium battery technology, the companies said Tuesday.

Tribune News Service

GM resumes Bolt production after months of downtime for recall

After months of downtime, General Motors Co. restarted production of its Chevrolet Bolt EV and EUV Monday at its Orion Assembly plant in Michigan, the company said.

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