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The Latest Breaking News from Mary Barra

General Motors 'Marching Towards An Electric Future': Former Tesla Executive Joins Company

The battle between electric vehicle leader Tesla Inc (NASDAQ: TSLA) and other traditional gas-powered traditional automakers is expected to heat up in coming years. Now, a former Tesla executive has jumped on board with a future rival.

Benzinga

Hertz to buy some 175,000 GM EVs through 2027

New York (AFP) - US rental car giant Hertz will buy up to 175,000 electric vehicles from General Motors by the end of 2027, the companies announced Tuesday, as the auto industry grapples with concerns over climate change and petroleum dependency.

AFP

Biden talks up electric vehicle revolution – but is America ready to give up gas?

President appears at Detroit auto show, where EVs are this year’s stars – but the road to electrification promises to be a bumpy one

The Guardian - US

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Biden touts 35-state EV charger network at Detroit auto show

President Joe Biden test drove an all-electric Cadillac SUV and slid into the front seat of a new Corvette as part of a mid-day tour Wednesday of Detroit's resurrected auto show ahead of an afternoon speech on the auto industry's transition to electric vehicles.

Tribune News Service

'I like the Corvette': Biden tours Detroit auto show ahead of speech on EV transition

Tribune News Service

Biden tours Detroit Auto Show, highlighting electric vehicle push

Detroit (AFP) - Fresh off recent legislative victories, President Joe Biden touted an electric auto future Wednesday as the new-generation models shared the stage with gasoline at a revived Detroit Auto Show.

AFP

Bulls and Bears Of The Week: Disney, Amazon, Uber, Apple And Why Netflix Is Facing A Defamation Suit

Benzinga has examined the prospects for many investors' favorite stocks over the past week, here's a look at some of our top stories.

Benzinga

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Did General Motors CEO Mary Barra Tap The Brakes On Plan To Pass Tesla In EVs By 2025?

General Motors Company (NYSE: GM) CEO Mary Barra recently discussed the current standing of the automotive industry and touched on the company's transition to electric vehicles; but what may be even more important is what she didn't say.

Benzinga

GM CEO Barra Talks EV Future, Doesn't Reiterate Being No. 1 By 2025

GM's Mary Barra has been adamant about the automaker beating Tesla and becoming the EV leader by 2025. However, she didn't reiterate that in a recent interview.

InsideEVs

GM, citing 'consistently strong earnings,' to reinstate dividend, resume stock buybacks

General Motors Co. is reinstating its quarterly dividend for shareholders after suspending it in April 2020 in response to the coronavirus pandemic, the Detroit automaker said Friday.

Tribune News Service

How a top US business lobby promised climate action – but worked to block efforts

Business Roundtable aims to weaken efforts that would enable investors to hold companies accountable for their climate promises

The Guardian - US

General Motors' Fleet Customers Ordering Chevrolet Silverado EV

GM recently announced that it has 150,000 orders for the upcoming Silverado EV. Now, fleet customers are requesting an average of over 200 units each.

InsideEVs

GM Believes It Will Be "A Substantial Player" In Europe's EV Market

GM's plan for Europe is expected to be announced early next year, but the return will likely be spearheaded by the Cadillac Lyriq and GMC Hummer EV.

InsideEVs

Chevrolet Silverado EV Already Has 150,000 Reservations

The GMC Hummer also enjoys strong interest.

Motor1

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Tribune News Service

GM's 2Q profits down 40% amid supply challenges, reaffirms full-year guidance

General Motors Co.'s second-quarter profits dropped roughly 40% year-over-year amid nagging supply-chain disruptions, even as the Detroit automaker forecast production improvements in the second half of the year and maintained its full-year earnings guidance.

The Street

General Motors Stock Slumps After Q2 Earnings Miss, Muted Auto Outlook

"We are already taking proactive steps, including reducing discretionary spending and limiting hiring to critical needs and positions that support growth," said CEO Mary Barra.

Investors Business Daily

GM Stock Falls, But General Motors Predicts 'Sharp' Recovery After Q2 Earnings Tank 42%

GM earnings missed views though sales beat. General Motors announced new EV battery materials deals. GM stock undercut a key level.

AFP

General Motors Q2 profits fall 40% on supply woes, confirms forecast

New York (AFP) - General Motors reported a big drop in second-quarter profits Tuesday due to the grinding semiconductor shortage, although the automaker confirmed its full-year forecast amid strong pricing.

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Chicago Sun-Times

Electric vehicle makers now aiming to win over mainstream buyers

They targeted early EV rollouts at customers who wanted a short-range economy car, then shifted to luxury buyers and pickup and delivery van drivers. Now, they want you.

Benzinga

Which Congressman Did US Transportation Secretary Pete Buttigieg Clap Back At About EV Prices?

U.S. Transportation Secretary Pete Buttigieg was grilled by a member of Congress over the high prices of electric vehicles. Here’s what Buttigieg had to say and the companies he referenced.

The Street

Elon Musk Launches New Attack Against GM and Joe Biden

The CEO of Tesla is resentful and never misses an opportunity to attack the Detroit giant.

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.

The Independent UK

Automakers targeting average households with new crop of EVs

In their first rollouts of electric vehicles, America’s automakers targeted people who value short-range economy cars

InsideEVs

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.

The Street

GM Makes Audacious Prediction in Tesla Rivalry

CEO Mary Barra predicts GM will outsell Tesla by 2025.

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