News
GM
44.86
+0.43%
0.19
Ford has an $80B beast under the hood. Will investors start noticing?
Consumer Ford has an $80B beast under the hood with the Ford Pro business. U.S. Electric vehicle sales year-over-year growth slowed to 3.3% in the first quarter of the year. Ford Pro is a $60B business within Ford. Morgan Stanley says the EV business is growing at a slower rate than expected.
Seeking Alpha · 1d ago
Lidar maker Luminar to cut 20% of staff and outsource production
Consumer Lidar maker Luminar to cut 20% of staff and outsource production. Shares of LAZR sunk 7.1% in after hours trading. The company's lidar sensors help autonomous vehicles detect objects in their environments. Luminar expects the restructuring to result in savings of more than $400 million.
Seeking Alpha · 1d ago
U.S. DoT Releases Final Rules To Lower Consumer Costs, Continue U.S. Manufacturing Boom In Batteries And Clean Vehicles, Strengthen Energy Security; Secretary Yellen Says "The Inflation Reduction Act's Clean Vehicle Credits Save Consumers Up To $7,500 On A New Vehicle, And Hundreds Of Dollars Per Year On Gas, While Creating Good-Paying Jobs And Strengthening Our Energy Security"
Treasury and IRS release final rules on the clean vehicle provisions of the Inflation Reduction Act. $173 billion in private-sector investment has been announced across the U.S. Clean vehicle and battery supply chain. Clean vehicle credits save consumers up to $7,500 on a new vehicle. The final rules strengthen and secure supply chains and provide certainty for manufacturers and taxpayers.
Benzinga · 2d ago
Notable ETF Inflow Detected - VLUE, INTC, GM, IBM
NASDAQ · 2d ago
U.S. government gives EV makers two year reprieve on FEOC graphite for batteries
Consumer U.S. Government gives EV makers two year reprieve on FEOC graphite for batteries. The news impacts Tesla (TSLA) and other companies that use Chinese graphite to make electric vehicles. The $7,500 tax credit was extended for two years. The majority of graphite used to make EV batteries comes from China.
Seeking Alpha · 2d ago
Jim Cramer Says 'You're In Good Hands' With This 'Very Good' Regional Bank, Likes General Motors
Jim Cramer said SoundHound AI, Inc. Has got to make money and is losing money. The "Mad Money" host said he is going to do some work on Cracker Barrel Old Country Store. Cramer also said he likes General Motors Company and recommended buying the same.
Benzinga · 2d ago
EV Makers Get Two-Year Reprieve on Tax-Credit Restrictions
Treasury Department softens proposed limits on tax credits for electric vehicles. The tax credits are designed to encourage EV production and push supply chains for minerals and batteries into the U.S. The change gives consumers a two-year extension for cars containing Chinese graphite through 2026. The limit was set to take effect in 2025.
The Wall Street Journal · 2d ago
2 Magnificent Stocks With Double-Digit Upside
Applied Materials (AMAT) has risen 22.1% year-to-date, outpacing the S&P 500's gain of 6.2%. General Motors Company (GM) reported stellar first-quarter 2024 results and an upbeat outlook for the year. Both stocks are in emerging industries with potential for double- to triple-digit returns. Applied Materials is a semiconductor supplier, and GM is in the automotive industry.
Barchart · 2d ago
Cummins (CMI) Q1 Earnings Miss, Fall Y/Y, Sales Top Estimates
NASDAQ · 3d ago
Micron, GM join Big Tech on this list of 20 biggest winners this earnings season
MarketWatch · 3d ago
GM and Ford's Earnings Beat Could Be A Double-Edged Sword For Their EV Transformation
Ford Motor and General Motors have responded to the EV slowdown by turning back to internal combustion engines. Worksport Ltd is an innovative truck accessory maker committed to bringing clean energy solutions to the market. The company just announced a partnership with Chief of Chaos to develop a solar-powered truck accessory.
Benzinga · 3d ago
Guru Fundamental Report for GM
NASDAQ · 3d ago
Ford: Being A Legacy Automaker Is Fashionable Again
Ford investors showed why being a legacy automaker is sustainable. Ford has a profitable core business bolstered by an increasingly robust Ford Pro commercial business. Ford can manage its EV investments prudently as growth and adoptions slow. Tesla and its EV peers are suffering from a persistent EV growth slowdown.
Seeking Alpha · 3d ago
Pre-Market Most Active for May 2, 2024 : EBS, AAPL, SQQQ, NIO, WMT, MU, STLA, PTON, DASH, TSLL, GM, FSLY
NASDAQ · 3d ago
Zacks.com featured highlights General Motors, JD.com, StoneCo, Affiliated Managers and PagSeguro
NASDAQ · 3d ago
Elimination of Tesla’s Supercharger unit raises worries for other automakers
MarketWatch · 3d ago
My Top 5 Stocks to Buy in May
There are good values on the stock market if you know where to look. Travis Hoium covers five stocks that still look attractive and may be overlooked by the market. The stock market is still hot, so buying opportunities are harder to find. The video was published on May 1, 2024.
The Motley Fool · 4d ago
Detroit's Revenue Engines Finally Start To Fire
Ford Motor and General Motors’ combined U.S. Sales of electric vehicles haven’t grown since late 2022. But their revenue engines are starting to fire, and in helpfully different ways. At Ford’s electric Model e segment, operating losses were over 10 times greater than revenue. Both companies' grip on their future is strengthening.
Seeking Alpha · 4d ago
Investments to Help Fight Inflation
Motley Fool Money hosts Ricky Mulvey and Alison Southwick look at earnings reports from General Motors and Spotify. The company is moving toward profitability in selling electric vehicles. GM's Cruise autonomous vehicle ambitions are coming back after a bad accident in October. An analyst says Tesla will report its quarterly results tomorrow.
The Motley Fool · 4d ago
Tesla’s (NASDAQ:TSLA) Layoffs Surprise Legacy Automakers
TipRanks · 4d ago
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About GM
General Motors Company designs, builds and sells trucks, crossovers, cars and automobile parts and provides software-enabled services and subscriptions worldwide. The Company provides automotive financing services through its General Motors Financial Company, Inc. (GM Financial) segment. GM North America (GMNA) and GM International (GMI) develop, manufacture and/or markets vehicles under the Buick, Cadillac, Chevrolet and GMC brands. The Company's segments include GMNA, GMI, Cruise and GM Financial. Its Cruise segment is engaged in the development and commercialization of autonomous vehicle technology. Its software-enabled services and subscriptions, including OnStar, our advanced driver-assistance systems (ADAS), including Super Cruise driver assistance technology, and its end-to-end software platform. The Company is also focused on investing in electric vehicles (EVs) and AVs, software-enabled services and subscriptions and new business opportunities.