The Latest Breaking News from GM

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General Motors Co (NYSE: GM) shares are trading lower Tuesday. On Monday, the company reported second-quarter deliveries that were down year-over-year.

Despite being offered at no reserve, this 2022 GMC Hummer EV Edition 1 Pickup with 48 miles on the odometer generated a bidding war that ended at $324,500.

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.

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

Unsurprisingly, the American big-body van twins will be replaced by an EV.

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

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.

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…

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.

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…