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The Latest Breaking News from General Motors Co

GM to build more trucks in Canada, transition another plant for EV production

General Motors Co. is adding a third shift to its Oshawa, Ontario, plant to increase truck production and will soon begin transforming another Canada plant for electric vehicles, the automaker said Monday.

Tribune News Service

GM sales down in first quarter amid tight supply, high prices

General Motors Co. on Friday said its dealers sold 512,846 vehicles in the first quarter this year, down 20% from last year as slumping supply continued to limit sales.

Tribune News Service

Why Ford And GM Are Suspending Production At Two Michigan Plants Next Week

Ford Motor Co (NYSE: F) and General Motors Co (NYSE: GM) are going to suspend production next week at a Michigan plant, Reuters

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Auto supply woes: GM, Ford face production hits next week

Both General Motors Co. and Ford Motor Co. are working through supply issues causing them to halt production at some plants next week.

Tribune News Service

This Tesla-General Motors JV Supplier Abruptly Sends Home Workers From Shanghai Facility Citing COVID Issues

Tesla Inc (NASDAQ:TSLA) and General Motors Co (NYSE:GM) JV supplier Aptiv PLC (NYSE:APTV) dismissed workers from a Shanghai production facility, citing COVID issues, Reuters reports. Aptiv abruptly dismissed workers at one of the sites, which made wire harnesses, on March 29. Wire harnesses were unique to each model, and it was not possible to build vehicles…

Benzinga

Chip woes: GM to halt truck production at Fort Wayne for two weeks

General Motors Co. is halting production of its light-duty trucks at the Fort Wayne Assembly plant in Indiana for two weeks next month — marking the first time this year the Detroit automaker has shut down a plant because of the semiconductor shortage.

Tribune News Service

How automakers are rethinking supply models amid war, pandemic, earthquakes

The global auto industry just can't catch a break: automobile wire harnesses made on picnic tables because of a war in Ukraine, semiconductor plants halting production from an earthquake in Japan and backed-up ports in China amid rising COVID-19 cases are straining vehicle supply chains — again.

Tribune News Service

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Ex-Unifor president Dias accused of accepting funds from COVID test supplier, enters rehab

The former head of Canada's largest private-sector union has entered a rehab program after being charged with breaching Unifor's constitution by accepting funds from a third-party supplier.

Tribune News Service

GM's Cadillac Lyriq EV Reportedly Draws Over 200K Expressions Of Interest: Here's When Orders Are Set To Open

General Motors Co (NYSE: GM)’s electric crossover Cadillac Lyriq has drawn 233,000 expressions of interest from buyers, Reuters

Benzinga

GM Picks Lear To Supply Seats For 2024 Chevrolet Silverado EV Pickup

General Motors Co (NYSE:GM) has selected Lear Corp (NYSE:LEA) to supply front and rear seats to the 2024 Chevrolet Silverado EV pickup. The 40/60 split second-row seat offers four configurations, allowing users to haul gear or equipment while accommodating passengers in the second row. Lear engineered a tuck-and-tumble sequence for the second-row seat for…

Benzinga

Is GM Looking To Pose Direct Challenge To Tesla, Nio In China With A New 'Incubated Startup?'

General Motors Company (NYSE: GM) is rolling out a startup-like import unit that would focus on China’s high-end market, CnEVpost reported on Tuesday, citing a company execu

Benzinga

GM, POSCO Chemical Plan New JV Plant In Quebec To Expand EV Supply Chain

General Motors Co (NYSE:GM) and POSCO Chemical are working with the governments of Canada and Quebec to build a new facility in Bécancour, Quebec, estimated at $400 million (C$500 million). The new facility will produce cathode active material (CAM) for GM's Ultium batteries to power electric vehicles like Chevrolet Silverado EV, GMC HUMMER…

Benzinga

GM Said To Temporarily Halt Exports To Russia As It Weighs Impact Of Global Sanctions Against The Country

General Motors Co (NYSE: GM) is halting vehicle exports to Russia until further notice, Fox Business reported on Monday, citing a company statement.

Benzinga

GM Puts Speculations Over Discontinuation Of Chevy Bolt EV To Rest: What You Need To Know

General Motors Co (NYSE: GM) said on Tuesday it will resume production of the Chevrolet Bolt EV and EUV, putting to rest speculation that the legacy automaker is planning to pull the plug on the small electric vehicle.

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Reuters

Toyota, Ford, GM say production cuts continue amid border disruption

Toyota Motor Corp, Ford Motor Co and General Motors Co, said Friday the disruption at the Canadian border from trucking protests forced new production cuts at plants in Michigan, Ohio, West Virginia, Alabama and Ontario.

Reuters

GM, Toyota, Ford cut production following Canadian trucking protests

Toyota Motor Corp , General Motors Co, Ford Motor and Chrysler-parent Stellantis said they had been forced to cancel or scale back some production at North American plants on Thursday because of parts shortages stemming from Canadian trucker protests against pandemic mandates.

Benzinga

Why General Motors Shares Are Falling Today

General Motors Co (NYSE: GM) is trading lower Tuesday after Morgan Stanley analyst Adam Jonas downgraded the stock from an Overweight rating to an Equal-Weight rating and lowered the price target from $75 to $55.

Benzinga

Morgan Stanley Downgrades This Auto Giant - Read Why

Morgan Stanley analyst Adam Jonas downgraded General Motors Co (NYSE:GM) from Overweight to Equal-Weight and reduced the price target to $55.00 from $75.00, implying an 8.48% upside. The analyst noted that the lower-than-expected 2022 guidance triggered the reduced price target. He expects GM to remain one holistic company for at least the next 12-18 months as…

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Benzinga

Lightning eMotors, General Motors Collaborate To Electrify Medium Duty Trucks

Lightning eMotors Inc (NYSE:ZEV) has agreed with General Motors Co (NYSE:GM) to be the first GM Specialty Vehicle Manufacturer (SVM) to provide fully electric Class 3 through Class 6 commercial vehicles. Deal terms not disclosed. Lightning eMotors will electrify popular medium-duty truck platforms provided by GM, which can be used for several vehicle…

Benzinga

GM Reveals Strong Demand For Silverado EV: How Do The Numbers Stack Up Against Ford, Tesla And Rivian?

General Motors Co (NYSE: GM) announced its quarterly financial results Tuesday, which were accompanied by reservation numbers for some of its most highly anticipated electric vehicles.

Benzinga

GM Highlights 'Affordability' Push After Earnings Beat: Says Startups Aren't 'Targeting' Mass Adoption Of EVs In Apparent Dig At Tesla

General Motors Co (NYSE: GM) CEO Mary Barra highlighted the legacy automaker's push for "affordability" in the electric vehicles segement in a post-earnings call on Tuesday.

Benzinga

Josh Brown Says The General Motors Story 'Entirely Hinges' On This Single EV Rollout

General Motors Co (NYSE: GM) is set to report earnings after Tuesday's market close. As an owner of the stock, Ritholtz Wealth Management's Josh Brown is more focused on the longer-term story.

Benzinga

GM Could Be Looking To Pull The Plug On Chevy Bolt

General Motors Co (NYSE: GM) is expected to pull the plug on its small electric vehicle Chevy Bolt, CNN reported on Wednesday.

Benzinga

Elon Musk Takes A Dig At Legacy Automakers For Calling Themselves Leaders In EVs

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk on Tuesday yet again mocked legacy automakers General Motors Co (NYSE: GM) and Ford Motor Co (NYSE:

Benzinga

Joe Biden Gives Himself A Pat On The Back As GM Announces $7B Michigan EV Investment

U.S. President Joe Biden on Tuesday lauded General Motors Co’s (NYSE: GM) latest $7 billion electric vehicle investment in Michigan while giving himself credit for putting in place the "economic strategy" that is at the centre of the change.

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