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The Latest Breaking News from General Motors Co

GM joint venture Ultium plant in Ohio begins battery cell production

Ultium Cells LLC has started production of battery cells at its first manufacturing operation in Warren, Ohio, the General Motors Co. and LG Energy Solution joint venture company confirmed Wednesday.

Tribune News Service

Chip woes: GM halts truck production at Mexico truck plant next week

General Motors Co.'s truck plant in Mexico will be down next week as a result of the semiconductor shortage.

Tribune News Service

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

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GM considering Indiana town for fourth battery plant

General Motors Co. and LG Energy Solution are considering New Carlisle, Indiana, as the location for their fourth Ultium Cells LLC joint venture battery plant.

Tribune News Service

Appeals court dismisses GM's 2019 suit against FCA

The U.S. 6th Circuit Court of Appeals has affirmed a federal judge's earlier decision to throw out a racketeering lawsuit by General Motors Co. against Fiat Chrysler Automobiles, now known as Stellantis NV.

Tribune News Service

UAW convention ends on dramatic note, even as some hail 'democratic' progress

DETROIT — The United Auto Workers' 38th Constitutional Convention ended on a dramatic note Thursday, reflecting internal fissures — as well as some signs of progress — in a union attempting to move beyond a years-long corruption scandal and position itself for an uncertain future.

Tribune News Service

GM says it has enough EV battery raw materials to hit 2025 production target

General Motors Co. now has deals in place to source all of the raw materials it needs for the electric-vehicle batteries to meet a 2025 goal of having 1 million units of annual EV capacity in North America, the Detroit automaker said.

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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.

Tribune News Service

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's OnStar rebrands with 'modern, simpler' logo

General Motors Co. is rebranding OnStar, its in-vehicle safety and security communications service, with a "modern, simpler design," the automaker said Thursday.

Tribune News Service

Details of exemptions sought by GM, Ford for self-driving systems released by NHTSA

The National Highway Traffic Safety Administration on Wednesday released details of requests submitted by Ford Motor Co. and General Motors Co. to waive some federal safety standards for automated driving programs, moving the automakers a step closer to their AV visions.

Tribune News Service

Hyundai unveils sedan version of cult EV

SEOUL: Hyundai Motor Co unveiled a sedan version of its cult electric vehicle yesterday, with an interior that can beam different colours depending on the speed of the car, as the automaker continues its ambitious EV push with an eye on challenging rivals such as Tesla Inc and General Motors…

Bangkok Post

Why General Motors Stock Is Sliding

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

Benzinga

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…

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Benzinga

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

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.

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.

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.

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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.

Benzinga

FedEx Takes 150 Electric Vehicle Delivery From BrightDrop; More To Come

FedEx Corp (NYSE:FDX) has received its first 150 electric delivery vehicles from BrightDrop, the technology startup from General Motors Co (NYSE:GM) decarbonizing last-mile delivery. The move marks a crucial milestone for FedEx, which plans to transform its entire parcel pickup and delivery (PUD) fleet to all-electric, zero tailpipe emissions by 2040. "In just under…

Tribune News Service

GM ups price of already pricey Hummer EV

Amid rising commodity costs, General Motors Co. is upping the price on its GMC Hummer EV pickup and SUV by $6,250 starting June 18.

Benzinga

GM Invests $81M In Global Technical Center To Build Cadillac Celestiq

General Motors Co (NYSE:GM) plans to invest more than $81 million into the company’s Global Technical Center in Warren, Michigan, to build the Cadillac Celestiq. The electric flagship sedan will be the first production vehicle to be built at GM’s Global Technical Center since its inauguration in May 1956. The Cadillac Celestiq will…

Tribune News Service

General Motors forms international defense business

General Motors Co.'s defense business is going international.

Tribune News Service

Ford, GM, Stellantis, Toyota urge Congress to lift EV tax credits cap

WASHINGTON — Ford Motor Co., General Motors Co., Stellantis NV and Toyota Motor Corp. sent a letter to congressional leaders Monday urging them to lift the 200,000 customer cap for existing electric vehicle tax credits.

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