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The Latest Breaking News from GM

Chip shortage keeps driving up auto prices, cutting sales

U.S. new vehicle sales tumbled more than 21% in the second quarter compared with a year ago as the global semiconductor shortage continued to cause production problems for the industry

The Independent UK

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.

Benzinga

Auto Workers hold lots of cards even if US heads for recession

General Motors skirted a strike this week that could have affected production of some of its most profitable vehicles. Details of the agreement with about 700 subsystem workers, who deliver parts to the assembly line, aren’t yet public and still have to be ratified. But the close call and tough…

Tribune News Service

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3 Consumer Goods Stocks Wall Street Predicts Will Gain 60% or More

Although consumer confidence has been declining amid the rising inflation, stable job growth and rising wages are expected to support consumer spending. Given this backdrop, Wall Street analysts see a more than 60% upside potential in fundamentally sound stocks Amazon.com (AMZN), General Motors (GM), and Sea Limited (SE). Keep reading.

StockNews.com

GM's sales drop in Q2, automaker still affirms yearly profit guidance

General Motors Co. on Friday reported a 15% year-over-year decline in its second quarter sales when the automaker still remained supply constrained, but the automaker also still expects to deliver $9.6 billion to $11.2 billion in net income this year, according to a Friday filing with the Securities and Exchange…

Tribune News Service

GM Holds ~95,000 Vehicles Manufactured Without Certain Components - Here's Why

General Motors Co (NYSE:GM) provided a business update for 2Q22 and said its vehicle wholesale volumes were impacted by the timing of certain semiconductor shipments and other supply chain disruptions. The company said it had approximately 95 thousand vehicles in its inventory, manufactured mostly in June, without certain components. GM expects to complete…

Benzinga

Study Predicts Both Ford And GM Will Overtake Tesla By 2025

Research author says Tesla will lose the top spot in the EV market because its lineup is not expanding quickly enough to keep up with the competition.

InsideEVs

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Watch Chevrolet Silverado EV Engineering Truck On GM's Test Tracks

The Chevy team shared a video of the fully electric Silverado EV engineering vehicle out testing at General Motors proving grounds in Milford, Michigan.

InsideEVs

General Motors Updates Guidance Following Supply Chain Disruptions: What Investors Need To Know

General Motors Co (NYSE: GM) shares are trading higher Friday morning after the company updated its guidance for the second quarter as a result of supply chain disruptions.

Benzinga

Auto review: 2023 Lyriq EV is a return to form for Cadillac

It’s hard to remember exactly when Cadillac last lived up to its old advertising tagline, “The Standard of the World.” It was once more than a slogan; it was true.

Tribune News Service

California Goes Ahead With Lithium Tax Despite Protests From EV Suppliers

California has approved a plan to tax the electric vehicle battery metal lithium to generate revenue for environmental remediation projects, Reuters reports. The tax is structured as a flat-rate per tonne and will go into effect in January. Funds generated from the tax will help restore the Salton Sea region from…

Benzinga

2020-2022 Chevrolet Bolt EV/EUV Buyers To Get Retroactive Discounts

The automaker plans to compensate customers who paid more for the vehicles this year before the $6,000 price cut was introduced for the 2023 Bolt EV and EUV.

InsideEVs

GM Subsystems avoids strike, reaches tentative agreement with UAW

The United Auto Workers union has reached a tentative agreement with GM Subsystems LLC, avoiding a strike at GM Michigan plants by the subsidiary employees, according to a letter sent out by UAW leadership Thursday morning.

Tribune News Service

The Mancunian Way: 'No other place to go'

Read the Mancunian Way newsletter for Thursday June 30, 2022

Manchester Evening News

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Benzinga

Benzinga Before The Bell: Texas Giga Tesla's Output Ramp Up, California's Lithium Tax, Spot Bitcoin ETF Proposal Rejection And Other Top Financial Stories Thursday, June 30

Reuters Hyundai, Affiliates Plan To Set Up New Company In US:

Benzinga

California's Lithium Tax Could Upset GM, Stellantis' EV Ambitions

A proposed flat-rate tax on lithium produced in California's Salton Sea region will shelve the electric vehicle battery metal deliveries to General Motors Company (NYSE: GM) and Stellantis N.V. (NYSE:

Benzinga

General Motors Whale Trades For June 29

A whale with a lot of money to spend has taken a noticeably bearish stance on General Motors. Looking at options history for General Motors (NYSE:GM) we detected 13 strange trades.

Tribune News Service

Buick tops JD Power Initial Quality Study as vehicle problems rise

General Motors Co.'s Buick brand topped J.D. Power's 2022 Initial Quality Study in a year in which pandemic-related disruptions caused overall results to decline.

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Benzinga

Video: GMC Hummer EV's 'Extract Mode' Lifts Supertruck To New Heights

General Motors Co (NYSE: GM) is equipping its GMC Hummer electric vehicles with a feature that can help lift the vehicle by nearly 16 inches from the ground when required.

Benzinga

EV Charging As Easy As Topping Off Tank With Gas: What's EVgo & GM's New Feature Is All About?

EVgo Inc (NASDAQ:EVGO) and General Motors Co (NYSE:GM) have made available Plug and Charge for all GM electric vehicles with DC fast-charging capability on the EVgo network. The feature enables EVgo GM customers to start a fast-charging session without opening a mobile app or swiping an RFID or credit card. The service utilizes the latest…

Bangkok Post

Cadillac Plans to Price its Celestiq EV Around $300,000

Cadillac plans to price a future electric sedan at around $300,000, according to people familiar with the matter, testing the cachet of General Motors Co.'s luxury brand.

InsideEVs

GM Launches Plug And Charge Feature For Its Existing And Future EVs

General Motors announced that it has added a new Plug and Charge service to the Ultium Charge 360 ecosystem.

Tribune News Service

UAW, more than 60 workers at non-union automakers eye organizing push

Amid a nationwide surge in worker momentum and public support for unions, the United Auto Workers is making a renewed push to build on-the-ground interest in organizing non-unionized auto plants.

Benzinga

General Motors' Luxury Electric Vehicle Celestiq To Be Priced At $300K: Report

General Cadillac (NYSE: GM) is planning to put a $300,000 price tag on its upcoming Celestiq electric sedan.

Tribune News Service

GM's Cruise starts to charge for fares in San Francisco

Cruise LLC is officially open for business, offering driverless rides to paying customers on a small scale, CEO Kyle Vogt said Thursday on CNBC's "Squawk Box."

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