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The Latest Breaking News from General Motors

Dow Jones, Nasdaq Rise As Earnings Roll; Fed Meeting, Microsoft, Google In Focus

Futures rose as GE and GM led big earnings before the open. Microsoft and Google are on tap as the Fed meeting gets underway.

Investors Business Daily

General Motors Tops Q2 Earnings Forecast, Lifts 2023 Profit Outlook

"In the U.S. market we earned the largest year-over-year increase in market share of any automaker," said CEO Mary Barra.

The Street

Stocks Mixed, General Motors, General Electric, Google, Microsoft

Stock futures mixed with earnings, Fed in focus; General Motors higher ahead of Q2 update amid demand boost; General Electric earnings on deck as spin-off plans advance; Google to highlight AI focus in q2 earnings amid search challenge and Microsoft to highlight AI market leadership in Q4 earnings, outlook

The Street

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GM Lifts Guidance After 68% Earnings Leap. Cheaper EVs, Cybertruck Rival Coming 'Soon.'

GM earnings topped Q2 views and the automaker raised guidance. GM expects to double EV output in the second half. GM stock fell.

Investors Business Daily

Cruise Ad Saying Humans Are Terrible Drivers Draws Criticism From Former NHTSA Head

The General Motors-backed autonomous taxi service mentioned that over 40,000 Americans were killed in car crashes last year.

InsideEVs

General Motors Bolsters Battery Technology With Acquisition Of ALGOLiON‌

GM's buying of Israeli battery software startup enhances early hazard detection for electric vehicles.

Zenger

GM Shuts Down CAMI EV Plant Amid Ultium Battery Shortage

The unexpected decision is reportedly due to a "raw material bottleneck" that is preventing GM from building as many Ultium batteries as it needs.

InsideEVs

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Tesla Competitor General Motors Just Took a Big Hit

General Motors hits a snag in its electric vehicle production due to overwhelming demand for its battery platform.

The Street

In America’s ‘Voltage Valley’, hopes of car-making revival turn sour

EV manufacturer Lordstown Motors, lauded by Trump in 2020, has gone bankrupt – what now for the once-proud auto-making region?

The Guardian - US

The 5 Cheapest Cities to Live in America Right Now

Americans continue to move between states at a rapid pace, seeking out cheaper places to live. Which are the cheapest cities to live in today?

Barchart

Which Auto Stock is the Better Buy: Faraday Future Intelligent Electric (FFIE) or General Motors (GM)?

Following a lackluster performance in 2022, the automobile industry is poised to witness a resurgence in demand this year. While leading auto stocks General Motors (GM) and Faraday Futures (FFIE) should benefit, let’s discuss which is a better buy.

StockNews.com

Tesla New Rival Nissan Producing Electric Sedans in US

A leading Japanese automaker is rolling out a couple of new sedans that will compete with Tesla and the rest of the electric vehicle industry.

The Street

Adoption of Tesla EV Plugs is a Major Bullish Factor for Stock

Shares of Tesla (TSLA ) have been on fire this year, more than doubling in price and posting a 9-month high last week. The latest supportive factor for Tesla is opening its fast chargers to competitors, which will boost its revenue going forward. Ford Motor (F ), General Motors (GM...

Barchart

GM Cuts Cadillac Lyriq EV Base Price In China By 14 Percent

In addition to the price cut, GM China also is offering a discount of around $2,500 for Lyriq buyers who put down a deposit before the end of August.

InsideEVs

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Zenger

Is Toyota Ready To Take On Tesla For Electric Vehicle Lead? ‘I Don’t Know If Love Can Beat Tesla’

Some have begun to work with Tesla and become more aligned on global electric vehicle growth ambitions.

Tribune News Service

UAW's fight against GM's battery joint venture intensifies with new union report

DETROIT — The United Auto Workers is intensifying its fight against General Motors Co. and partner LG Energy Solution for the "high risk and low pay" it is offering the workforce at its Ultium Cells LLC joint-venture battery cell plant in Warren, Ohio.

Investors Business Daily

Stock Market Rally Pulls Back As Yields Jump; Tesla, Meta In Focus: Weekly Review

The stock market rally retreated modestly as Treasury yields rebounded. Tesla deliveries and Meta's Threads launch were catalysts.

InsideEVs

US: General Motors BEV Sales Disappointed In Q2 2023

In Q2, GM's all-electric vehicle sales in the US are disappointing - lower than in the record Q1 and especially limited when it comes to Ultium-based BEVs.

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Daily Mirror

New F1 teams could be announced within WEEKS as FIA chief hints at Andretti approval

Michael Andretti is one of several parties keen on joining the F1 grid and has teamed up with General Motors' Cadillac brand in a bid to the FIA to enter the sport

InsideEVs

SAIC Plans To Establish EV Manufacturing Site In Europe

State-owned Chinese automaker SAIC says it plans to build a manufacturing site in Europe. SAIC also works with GM and VW to build cars for the Chinese market.

InsideEVs

Tesla Stock Is “Egregiously Overvalued,” Won’t Last As Rivals Fill The EV Space: Analyst

Craig Irwin says that the Austin-based firm is “egregiously overvalued” and that it will be increasingly hard for Tesla to see the same growth going forward.

Investors Business Daily

U.S. Auto Sales Jump For GM And Ford. But EV Momentum Sluggish.

Higher vehicle production is seen driving growth for U.S. auto sales. Cox Automotive raised its sales forecast for the full year.

Chicago Sun-Times

Tesla sales jump 83% from a year ago as tax credits, broader adoption drive sales

Tesla beat analyst expectations in the second quarter, delivering 466,140 vehicles despite a difficult market, according to its earnings report released Sunday.

Tribune News Service

General Motors acquires Israeli battery software startup

General Motors Co. has acquired Israel-based battery software startup ALGOLiON Ltd. for an undisclosed amount, the Detroit automaker said in a news release Friday.

InsideEVs

First Chevrolet Blazer EV Rolls Off Assembly Line At GM’s Mexico Plant

The Chevrolet Blazer EV could join the likes of the Silverado EV and Equinox EV to become a high-volume model for General Motors.

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