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The Latest Breaking News from General Motors

General Motors' Cruise Robotaxi Unit Is Losing $5 Million A Day

If Cruise keeps burning money at the current rate, its cash reserves of $3.7 billion and $5 billion credit facility would run out in less than two years.

InsideEVs

Crude Oil Drops 1%; General Motors Earnings Miss Views

U.S. stocks traded lower toward the end of trading, with the Nasdaq Composite dropping more than 200 points on Tuesday.

Benzinga

The Bull, Bear Case For General Motors Stock Following Disappointing Q2 Earnings Print

General Motors Company (NYSE: GM) was sliding about 2.5% lower intraday on Tuesday after printing worse-than-expected second-quarter EPS results.

Benzinga

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Energy Dept. backs $2.5B loan to GM venture for EV batteries

A joint venture between General Motors and South Korean battery company LG Energy Solution is set to receive a $2.5 billion loan from the Energy Department to build battery cell factories for electric vehicles in three states

The Independent UK

Benzinga Before The Bell: Walmart's Outlook Cut, Apple's Self Driving Car Dreams, Coinbase's SEC Investigation And Other Top Financial Stories Tuesday, July 26

CNBC

Benzinga

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 Launches Interactive "EV Live" Website To Educate People About EVs

GM's new EV Live program allows people to interact live, virtually, and one-on-one with experts in the field who can answer their EV-related questions.

InsideEVs

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Hyundai exec vows to improve company's safety track record

Clogged oil ports, electrical shorts and leaks of brake fluid are only some of the safety problems that have caused multiple fires and forced Hyundai and Kia to recall millions of vehicles in the past seven years

The Independent UK

What's changed at Navistar a year after Traton's $3.7B takeover?

A year after Traton Group's $3.7 billion takeover of Navistar International Corp., the German truck holding company's sway is noticeable in new faces, a bigger push on electric trucks and a decidedly Swedish influence in product development.

Benzinga

General Motors Whale Trades Spotted

A whale with a lot of money to spend has taken a noticeably bullish stance on General Motors. Looking at options history for General Motors (NYSE:GM) we detected 19 strange trades.

Benzinga

General Motors Making New EV In Mexico: Here's Elon Musk's Response

One of the largest American automotive companies announced a new electric vehicle launch on Tuesday. The catch is that the vehicle will be made in Mexico, something not ignored by a rival CEO.

Benzinga

General Motors Unveils Chevrolet Blazer EV: What Investors Need To Know

Legacy Detroit automaker General Motors Company (NYSE: GM) has unveiled its latest electric vehicle model that will help the company in a transition to a deeper focus on the EV sector.

Benzinga

GM CEO Sticks With Goal Of Overtaking Tesla In US EV Sales By 2025

GM's goal remains very ambitious seeing as it sold just 25,000 EVs in the US last year, less than one-tenth of the estimated 325,000 sold by Tesla.

InsideEVs

Cadillac Lyriq Buyers Get Big Discount If They Agree To Being Tracked

General Motors apparently knocked $5,500 off the Lyriq’s price for select buyers who were asked to sign a nondisclosure agreement.

InsideEVs

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Salon

Corporate America funds abortion bans

Republican group holds luxurious retreat to raise anti-abortion money from corporate donors

The Independent UK

GM CEO Barra says headquarters to stay in downtown Detroit

General Motors will keep its headquarters in its seven-building office tower complex in downtown Detroit, its CEO says

The Independent UK

The AP Interview: GM's Barra stands by ambitious EV pledge

The economy is a bit wobbly, but General Motors CEO Mary Barra isn’t backing off of an audacious prediction: She pledges that by the middle of this decade, her company will sell more electric vehicles in the U.S. than Tesla, the global sales leader

Benzinga

GM Ties Up With Warren Buffett-Backed Firm To Build National EV Charging Network

Automotive company General Motors (NYSE: GM) is stepping up its electric vehicle game with a new plan to build a coast-to-coast fast charging network. Here are the details and how a Warren Buffett-backed company is helping.

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InsideEVs

General Motors And Pilot Announce Coast-To-Coast EV Fast Charging Network

The network will have some 2,000 charging stalls all of which will be able to supply up to 350 kW.

InsideEVs

General Motors Replies Regarding Why GMC Hummer EV Emissions Are So High

According to a statement from a company spokesperson, it’s because the new electric Hummer is a “performance-oriented EV.”

Benzinga

General Motors Whale Trades For July 11

A whale with a lot of money to spend has taken a noticeably bullish stance on General Motors. Looking at options history for General Motors (NYSE:GM) we detected 11 strange trades.

InsideEVs

US: Toyota Sold Over 200,000 Plug-Ins, Triggering Federal Tax Credit Phaseout

Toyota has recently reached the milestone of delivering 200,000 new plug-in electric cars in the US, which means the phaseout of the federal tax credit.

InsideEVs

US: GM Delivered Over 7,000 Plug-In Vehicles In Q2 2022

In Q2, GM delivered in the US a total of 7,217 plug-in electric vehicles (over 7,300 including BrightDrop Zevo 600), which is 36% less than a year ago.

InsideEVs

GMC Hummer EV Production Ramp-Up Slow, Currently At 12 Per Day

It’s not much yet, but General Motors is at least building the electric Hummer at some rate and production isn’t stalled.

Benzinga

Double Digits: General Motors Is Making Only This Many Hummer EVs Per Day

One of the largest traditional automotive companies has put forth a plan to increase its position in the electric vehicle industry, something that has drawn praise from President Joe Biden.

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