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The Latest Breaking News from General Motors

The S&P 500 Index ($SPX ) (SPY ) this morning is up +0.87%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.67%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.02%. US stock indexes this morning are moving higher on some better-than-expected Q1 earnings...

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General Motors Exceeds Earnings Expectations, Forecasts Profit On Evs

General Motors reports strong financial results and raises earnings forecast, showing optimism for future prospects.

Top News

Stock Index Futures Inch Higher Ahead of U.S. PMI Data, Tesla Earnings on Tap

June S&P 500 E-Mini futures (ESM24) are up +0.32%, and June Nasdaq 100 E-Mini futures (NQM24) are up +0.34% this morning as investors awaited U.S. business activity data while also bracing for a deluge of corporate earnings reports.

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Stock Index Futures Tick Higher Ahead of U.S. PMI Data, Tesla Earnings on Tap

June S&P 500 E-Mini futures (ESM24) are up +0.12%, and June Nasdaq 100 E-Mini futures (NQM24) are up +0.23% this morning as investors awaited U.S. business activity data while also bracing for a deluge of corporate earnings reports.

Barchart

U.S. Non-Tesla EV Sales Slowed Down In Q1 2024, But There Are Some Clear Winners

With Q1 2024 behind us, it's time to summarize EV sales in the U.S. during the period. In today's post, we will focus on the non-Tesla EV sales by brands.

InsideEVs

United Auto Workers Union Claims Victory In Volkswagen Plant Election

The UAW's victory at Volkswagen's Chattanooga plant marks a significant milestone in expanding union representation in Southern states and enhancing worker...

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Is Your Ford Stock Dividend Safe Amid the EV Price War?

Ford's dividend yield is currently around 5%, which is over three times the S&P 500's dividend yield. While Ford's yield looks mouthwatering, are the payouts safe amid ongoing EV industry turmoil?

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General Motors To Move Detroit Headquarters To New Downtown Office

General Motors to relocate Detroit headquarters, revamp Renaissance Center, and explore future options for iconic tower complex in collaboration with Bedrock.

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GM’s Cruise Resumes Robotaxi Testing But Without The Robotaxi Tech Enabled

The autonomous vehicle company deployed a small fleet of Chevrolet Bolt EVs in Phoenix, Arizona. However, there's a catch.

InsideEVs

Andretti F1 team formally opens new Silverstone facility

The team was granted an entry by the FIA last October, but failed to pass the second stage of the process when F1 did not approve its bid in a statement issued on January 31. The project thus remains in limbo while discussions continue behind the scenes.

Motorsport

GM’s Ultium EV Tech Might Power NASA’s Next Vehicle On The Moon

NASA has chosen three teams to develop a lunar terrain vehicle that will carry astronauts on Earth’s natural satellite.

InsideEVs

Toyota Has A 'We Told You' Moment As Stock Climbs 32% Year To Date

Toyota stock is rallying, while Tesla's is tumbling as the brands battle it out on an increasingly competitive road to electrification.

InsideEVs

GM's U.S. EV Sales Decreased 21% In Q1 2024 As Bolt EVs Fade

In Q1 2024, GM delivered 16,425 all-electric vehicles, down 21% year-over-year. That's about 2.8% share of the total volume.

InsideEVs

GM's First-Quarter US Auto Sales Dip 1.5%

General Motors (GM) faces challenges in US auto sales due to supply chain disruptions and semiconductor shortages. Despite this, GM remains committed to in...

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Autosport

Cadillac confirms two-driver Hypercar line-up as Imola WEC entry list announced

Earl Bamber and Alex Lynn will drive the Ganassi-run #2 Cadillac V-Series.R LMDh as a duo in this month’s Imola 6 Hours, round two of the 2024 WEC.

InsideEVs

Tesla Q1 Sales Draw Grim Predictions From Wall Street Analysts

Analysts who have long been bullish on Tesla are now conservative as Elon Musk's brand is expected to release its Q1 2024 sales and earnings reports this week.

Barchart

Here’s Why GM Stock Could Still Double From Here, Despite Hitting 52-Week Highs

General Motors stock hit new 52-week highs yesterday, as the automaker continued its strong run in 2024. GM stock still looks cheap, despite the rally, and one analyst expects the stock to more than double from these levels.

TechRadar

The US government is right about Apple's incredible market power, here's what you need to know

By economic measures, Apple is a dominant force in the US market, which is not a competitive market and may need help.

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Major Automakers Seek Alternatives Amid Port Of Baltimore Closure

Major automakers seek new ports as the closure of the Port of Baltimore disrupts vehicle shipping and supply chains.

InsideEVs

Early Chevy Blazer EV Buyers Can Get Reimbursed Up To $6,520

Chevrolet dropped the price of its Blazer EV. Now it's offering early buyers some money to make up the price difference.

InsideEVs

For Car Companies, It's 'Damned If You, Damned If You Don't' With Investors

Plus, car dealers, who never wanted to sell EVs anyway, are extra down on them lately, and Tesla settles a racial discrimination lawsuit.

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General Motors Mexico Unit Agrees To 9.2% Wage Hike

General Motors' Mexico unit and union agree on a 9.2% wage increase, demonstrating commitment to fair labor practices and employee well-being.

Autosport

Cadillac and Ganassi to split after 2024 WEC and IMSA seasons

Confirmation of the split after what will be four seasons has been provided by Ganassi managing director Mike Hull, who told Autosport that “we are ending this chapter” of a long relationship with Cadillac parent company General Motors that has straddled IndyCars, NASCAR and Extreme E as well as sportscars.

Motor1

Most Automakers Get Poor IIHS Rating for Driver Monitoring Systems

A total of 14 systems were evaluated, and only three earned a marginal or acceptable rating.

InsideEVs

The Apple Car Was Basically A Volkswagen ID. Buzz With Autonomous Driving

A new report claims that at one point, the failed Apple Car project resembled the Volkswagen bus or a Canoo people-mover.

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