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The Latest Breaking News from General Motors

Ford Stock 2024 Forecast: Will Investors' Patience Finally Pay Off?

Ford stock looks on track to close in the red for the second consecutive year. Here's the 2024 forecast for the Detroit automaker, and why it looks like a good buy.

Barchart

Stocks Mostly Succumb To Losses; 2 Insurance Stocks Tank On Deal News

The stock market struggled with the major indexes giving back gains on Wednesday. CrowdStrike rallied after a robust earnings report.

Investors Business Daily

Hyundai Motor Will Halt One Of Its ICE Vehicle Factories To Build A New EV Plant

Other manufacturers claim their EV sales are slow due to weak demand. So how come Hyundai is charging ahead?

InsideEVs

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With Auto Strike Over, GM Announces Big Share Buybacks

General Motors announced hefty new initiatives Wednesday to return billions of dollars to shareholders, lifting its stock price as it estimated the recent labor strike hit at $1.1 billion.

International Business Times

GM Stock Soars, Leads S&P 500 On 33% Dividend Hike, $10 Billion Buyback, Renewed Guidance

GM stock rallied Wednesday after the automaker announced big shareholder returns and reinstated 2023 earnings guidance following labor strikes.

Investors Business Daily

Dow Jones Rises After Strong GDP, Fed Beige Book Next; GM Surges On Buyback, Dividend Hike

The Dow Jones rose Wednesday after a strong Q3 GDP reading, with the Fed's Beige Book next. GM surged on a buyback and dividend hike.

Investors Business Daily

General Motors surges on dividend boost, $10 billion buyback, new profit outlook

General Motors said the six-week UAW strike would likely take $1.1 billion from its bottom line this year, but vowed to boost shareholder returns following its October settlement.

The Street

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Ford dealers give Tesla and other EV makers an early holiday gift

Ford dealers have bad news for the Dearborn, Mich., company's EV program.

The Street

General Motors is making an unexpected move for the upcoming Super Bowl

The longtime advertiser is doing something different for the championship game.

The Street

General Motors Kills Super Bowl Advertising For 2024

It's the first time the automaker won't play with the Big Game since 2021.

Motor1

Hyundai Motor Group Surprisingly Beat GM, Ford At EV Sales In Q3 2023

The Hyundai Motor Group has become the number one in terms of all-electric car sales in the U.S. among traditional carmakers, but Tesla remains far ahead.

InsideEVs

General Motors-backed Cruise CEO resigns amidst a safety shakeup

The now-former CEO departs the company he co-founded a decade ago.

The Street

GM boss Mary Barra’s high-tech bet unraveling after Kyle Vogt departs as CEO of embattled Cruise robotaxi unit

Kyle Vogt departs the company he founded, marking a stunning fall from grace for a tech startup that only this summer celebrated a major victory for the fledgling industry.

Fortune

GM’s Cruise CEO resigns amid concerns over driverless car safety

Kyle Vogt exits as Twitch co-founder Emmett Shear appointed as interim boss of OpenAI

The Guardian - UK

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WEKU

Vogt resigns as CEO of Cruise following safety concerns over self-driving vehicles

Vogt's decision to step down follows a recent recall of all 950 Cruise vehicles to update software after one of them dragged a pedestrian to the side of a San Francisco street in early October.

The Independent UK

Vogt resigns as CEO of Cruise following safety questions, recalls of self-driving vehicles

Kyle Vogt has resigned as CEO of Cruise, General Motors' autonomous vehicle unit

The Independent UK

Ford workers join those at GM in approving contract settlement that ended UAW strikes

The United Auto Workers union has overwhelmingly ratified a new contract with Ford, a pact that, along with similar deals with General Motors and Stellantis, will raise pay across the industry

The Street

Tesla luxury rival Cadillac unveils low-priced entry-level EV

The entry-level model should be available at dealers sometime in 2024.

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Chicago Sun-Times

Union workers at Stellantis and Ford close to ratifying deals that would end lengthy labor disputes

The workers would join counterparts at General Motors in ratifying the record contracts, ending a contentious labor dispute that brought a punishing series of strikes, including in Chicago, over six weeks.

InsideEVs

GM Absorbs BrightDrop Commercial EV Unit, CEO To Leave

Nothing will change from a manufacturing standpoint, GM said, as it "remains committed to scaling BrightDrop Zevo production."

Investors Business Daily

Warren Buffett Totally Unloads 7 Of His Stocks (Including GM)

Warren Buffett is known for holding onto his S&P 500 stocks forever. But that definitely wasn't the case recently.

InsideEVs

GM Quietly Gets Into The Gigacasting Game After Buying Key Tesla Supplier

The move should help General Motors lower the cost of its upcoming EVs. But when will customers see that reduction?

The Independent UK

Autoworkers to wrap up voting on contract with General Motors Thursday in a race too close to call

About 46,000 United Auto Workers at General Motors on Thursday are expected to wrap up voting on a tentative contract agreement in a close race that will decide the fate of the deal that ended a six-week strike

Chicago Sun-Times

Vote on tentative contract with General Motors too close to call as more tallies are reported

DETROIT (AP) — Voting on a tentative contract agreement between General Motors and the United Auto Workers union that ended a six-week strike against the company appears too close to call after the latest tallies at several GM factories were announced Wednesday.

WEKU

GM autoworkers' contract appears likely to pass over many workers' objections

Even with pay raises of 25% and other improvements on the table, a large share of General Motors autoworkers are voting to reject the contract reached after a nearly seven-week strike.

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