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The Latest Breaking News from General Motors

11 Beat-Up Big Stocks (Like GM) Are Worth More Dead Than Alive

It's no secret famed investor Warren Buffett sold off all his General Motor stock. But it's just one S&P 500 stock that worth more dead than alive.

Investors Business Daily

Driverless cars were the future but now the truth is out: they’re on the road to nowhere

The dream of these vehicles ruling the roads remains just that. Focusing on public transport would be much smarter, says transport writer Christian Wolmar

The Guardian - UK

Safety regulators investigating after Takata air bag inflator in BMW blows apart, injuring driver in Chicago

The National Highway Traffic Safety Administration says BMW is recalling 486 SUVs after the driver was seriously on Oct. 23. BMW blamed a welding defect and said it is limited to a small lot of inflators.

Chicago Sun-Times

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GM's Cruise robotaxi service faces potential fine in alleged cover-up of San Francisco accident

California regulators say a San Francisco robotaxi service owned by General Motors covered up an accident involving one of its driverless cars, raising the specter they may add a fine to the recent suspension of its California license

The Independent UK

US agency to watch unrecalled Takata inflators after one blows apart, injuring a driver in Chicago

U.S. auto safety regulators say they are monitoring data from a group of mostly unrecalled Takata air bag inflators after one of them exploded in a BMW and hurled metal fragments that seriously injured a driver in Chicago

The Independent UK

BMW recalls SUVs after Takata air bag inflator blows apart, hurling shrapnel and injuring driver

BMW is recalling a small number of SUVs in the U.S. because the driver’s air bag inflators can blow apart in a crash, hurling metal shrapnel and possibly injuring or killing people

The Independent UK

GM CEO Expects ‘Significantly Higher’ EV Production In 2024

Mary Barra said the company was “a bit disappointed” because of the manufacturing restraints in building EV battery cells.

InsideEVs

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Jackson Pollock? No, this art was made by a car

It's mudern art, darling.

Creative Bloq

Ford Stock 2024 Forecast: Will Investors' Patience Finally Pay Off?

Ford stock looks on track to close in the red for the second consecutive year. Here's the 2024 forecast for the Detroit automaker, and why it looks like a good buy.

Barchart

Stocks Mostly Succumb To Losses; 2 Insurance Stocks Tank On Deal News

The stock market struggled with the major indexes giving back gains on Wednesday. CrowdStrike rallied after a robust earnings report.

Investors Business Daily

Hyundai Motor Will Halt One Of Its ICE Vehicle Factories To Build A New EV Plant

Other manufacturers claim their EV sales are slow due to weak demand. So how come Hyundai is charging ahead?

InsideEVs

With Auto Strike Over, GM Announces Big Share Buybacks

General Motors announced hefty new initiatives Wednesday to return billions of dollars to shareholders, lifting its stock price as it estimated the recent labor strike hit at $1.1 billion.

International Business Times

GM Stock Soars, Leads S&P 500 On 33% Dividend Hike, $10 Billion Buyback, Renewed Guidance

GM stock rallied Wednesday after the automaker announced big shareholder returns and reinstated 2023 earnings guidance following labor strikes.

Investors Business Daily

Dow Jones Rises After Strong GDP, Fed Beige Book Next; GM Surges On Buyback, Dividend Hike

The Dow Jones rose Wednesday after a strong Q3 GDP reading, with the Fed's Beige Book next. GM surged on a buyback and dividend hike.

Investors Business Daily

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Motor1

General Motors Kills Super Bowl Advertising For 2024

It's the first time the automaker won't play with the Big Game since 2021.

InsideEVs

Hyundai Motor Group Surprisingly Beat GM, Ford At EV Sales In Q3 2023

The Hyundai Motor Group has become the number one in terms of all-electric car sales in the U.S. among traditional carmakers, but Tesla remains far ahead.

Fortune

GM boss Mary Barra’s high-tech bet unraveling after Kyle Vogt departs as CEO of embattled Cruise robotaxi unit

Kyle Vogt departs the company he founded, marking a stunning fall from grace for a tech startup that only this summer celebrated a major victory for the fledgling industry.

The Guardian - UK

GM’s Cruise CEO resigns amid concerns over driverless car safety

Kyle Vogt exits as Twitch co-founder Emmett Shear appointed as interim boss of OpenAI

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WEKU

Vogt resigns as CEO of Cruise following safety concerns over self-driving vehicles

Vogt's decision to step down follows a recent recall of all 950 Cruise vehicles to update software after one of them dragged a pedestrian to the side of a San Francisco street in early October.

The Independent UK

Vogt resigns as CEO of Cruise following safety questions, recalls of self-driving vehicles

Kyle Vogt has resigned as CEO of Cruise, General Motors' autonomous vehicle unit

The Independent UK

Ford workers join those at GM in approving contract settlement that ended UAW strikes

The United Auto Workers union has overwhelmingly ratified a new contract with Ford, a pact that, along with similar deals with General Motors and Stellantis, will raise pay across the industry

Chicago Sun-Times

Union workers at Stellantis and Ford close to ratifying deals that would end lengthy labor disputes

The workers would join counterparts at General Motors in ratifying the record contracts, ending a contentious labor dispute that brought a punishing series of strikes, including in Chicago, over six weeks.

InsideEVs

GM Absorbs BrightDrop Commercial EV Unit, CEO To Leave

Nothing will change from a manufacturing standpoint, GM said, as it "remains committed to scaling BrightDrop Zevo production."

Investors Business Daily

Warren Buffett Totally Unloads 7 Of His Stocks (Including GM)

Warren Buffett is known for holding onto his S&P 500 stocks forever. But that definitely wasn't the case recently.

InsideEVs

GM Quietly Gets Into The Gigacasting Game After Buying Key Tesla Supplier

The move should help General Motors lower the cost of its upcoming EVs. But when will customers see that reduction?

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