Tag: $General Motors

General Motors CEO Mary Barra sought to soothe shareholder worries that lagging demand for electric vehicles and perceived peak demand for gasoline-powered trucks will create a rough road ahead for the automaker.

General Motors and Hyundai Motor have entered into an agreement to explore “future collaboration across key strategic areas” in an effort to reduce capital spending and increase efficiencies, the companies announced Thursday.

 Israeli battery technology company Addionics has raised $39 million from investors including General Motors’ venture capital arm to help commercialise its copper and aluminium electrodes for electric vehicle batteries, it said on Thursday.

General Motors is raising several key financial targets for 2024 after easily beating Wall Street’s earnings expectations for the second quarter, while it restructures money-losing operations such as autonomous vehicles and its China business.

General Motors is returning more cash to shareholders. Investors were pleased.

General Motors on Tuesday raised its 2024 guidance after beating Wall Street’s top- and bottom-line expectations for the first quarter.

General Motors beat Wall Street’s top- and bottom-line expectations for the fourth quarter, while forecasting another strong year despite potential economic and sales head winds.

The problems at General Motors ’ robotaxi business are mounting. Key personnel are leaving and hundreds are being laid off. The company said, however, that the latest shake-up was needed to improve safety and rebuild public trust.

General Motors is working to regain Wall Street’s confidence leading into 2024 with several investor-focused initiatives Wednesday following a tumultuous year.

General Motors beat Wall Street’s third-quarter expectations on Tuesday, as it battles through ongoing labor strikes by the United Auto Workers union.

General Motors is raising its 2023 guidance for a second time this year after the automaker reported second-quarter results Tuesday that were up sharply year over year.

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General Motors will follow crosstown rival Ford Motor in partnering with Tesla to use the electric vehicle leader’s North American charging network and technologies.