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General Motors Company - GM STOCK NEWS

Welcome to our dedicated page for General Motors Company news (Ticker: GM), a resource for investors and traders seeking the latest updates and insights on General Motors Company stock.

General Motors Company (GM) is a global leader in the automotive industry, dedicated to designing, building, and selling some of the world's best vehicles. Operating under four segments—GM North America, GM International, Cruise, and GM Financial—the company has a diversified portfolio that includes renowned brands like Chevrolet, Buick, GMC, Cadillac, and Holden. GM's vision is built on delivering vehicles with compelling designs, flawless quality, reliability, leading safety features, and advanced infotainment options. This commitment extends across 140 countries, unifying a team of world-class employees.

Established in 2009 after emerging from the bankruptcy of its predecessor, General Motors Corp., GM has since streamlined its operations, now focusing on four primary brands in the U.S. The company regained its market share leader position in 2022, holding a 16.5% share in 2023. Innovations in autonomous vehicle technology are highlighted through GM's Cruise division, which aims to restart driverless AV robotaxi services in at least one city by 2024, after a temporary halt in 2023.

Financially, GM remains robust. In the first quarter of 2024, the company reported $43.0 billion in revenue and a net income of $3.0 billion. These results are attributed to GM's strategic investments in EV technology, including the Ultium battery platform, which powers an expanding range of electric vehicles from mass-market to high-performance models.

Recent achievements include GM Defense's successful completion of the 2023 UAE Armed Forces Summer Trials with their Infantry Squad Vehicle (ISV). This demonstrates GM Defense's capability to deliver advanced, reliable off-road vehicles for military use. Additionally, GM Ventures invested in Neural Propulsion Systems (NPS) to enhance radar technology for automotive and defense applications. GM's initiatives in EV technology are also noteworthy, with the introduction of GM Energy's vehicle-to-home (V2H) bidirectional charging technology, starting with the 2024 Chevrolet Silverado EV.

Strategic partnerships and investments continue to play a vital role in GM's growth. Collaborations with companies like NPS and Mistral Inc. reflect GM's commitment to advancing automotive and defense technologies. The company's diverse product offerings and continuous innovation ensure it remains at the forefront of the automotive industry.

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General Motors Co. (NYSE: GM) reported robust first-quarter earnings for 2022, attributed to increased production and strong customer demand in North America. The company anticipates a full-year net income between $9.6 billion and $11.2 billion, reaffirming its EBIT-adjusted guidance of $13.0 billion to $15.0 billion. Key figures include a revenue of $35,979 million, a net income of $2,939 million, and a diluted EPS of $1.35. However, the net income margin decreased to 8.2%, down from 9.3% year-on-year.

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MP Materials (NYSE: MP) and General Motors (NYSE: GM) announced a definitive supply agreement for producing rare earth alloy and magnets for GM’s electric vehicle (EV) programs, starting late 2023. A new facility in Fort Worth, Texas, will create about 150 direct and 1,300 indirect jobs while supporting the production of approximately 500,000 EV motors annually. This facility is part of a $700 million investment to restore the U.S. rare earth magnetics supply chain over the next two years, emphasizing sustainability through integrated recycling and advanced manufacturing capabilities.

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Eaton has been awarded the 2021 Supplier of the Year by General Motors (GM) at its 30th annual awards ceremony in Phoenix, Arizona. This recognition highlights Eaton's commitment to innovative technologies and high-quality service, which have strengthened its 60-year partnership with GM. Out of 134 suppliers from 16 countries, Eaton excelled in performance criteria. The award underscores GM's focus on sustainability and collaboration within the industry.

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General Motors (NYSE: GM) and Honda are expanding their collaboration to co-develop affordable electric vehicles (EVs) built on a new global architecture using Ultium battery technology. Set to launch in 2027, these EVs aim to tap into the lucrative compact crossover market, which boasts annual sales of over 13 million units. The partnership will also explore advancements in battery technology. Both companies are committed to carbon neutrality, with GM aiming for 2040 and Honda for 2050. They have previously collaborated since 2013 on various projects, enhancing their technological synergies.

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On March 29, 2022, GP Strategies was honored as a 2021 Supplier of the Year by General Motors during its 30th annual awards ceremony in Phoenix, Arizona. This marks the fifth consecutive year GP Strategies has received this recognition, which acknowledges suppliers who exceed GM's requirements and contribute innovative technologies. A total of 134 suppliers from 16 countries were acknowledged. Martha Manting, Senior VP at GP Strategies, expressed gratitude for the award, emphasizing the team's dedication to supporting GM's vision.

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General Motors has honored Henniges Automotive with the 2021 Supplier of the Year award at a ceremony in Phoenix, Arizona. This recognition, awarded to suppliers exceeding GM's standards, marks Henniges' second win. GM celebrated 134 suppliers from 16 countries for their contributions, particularly during challenging industry conditions. Henniges' President, Larry Williams, emphasized customer satisfaction as a driving force behind the company's success. GM's recognition highlights its commitment to sustainability and innovation through strong supplier partnerships.

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FAQ

What is the current stock price of General Motors Company (GM)?

The current stock price of General Motors Company (GM) is $52.56 as of December 23, 2024.

What is the market cap of General Motors Company (GM)?

The market cap of General Motors Company (GM) is approximately 57.0B.

What brands are under General Motors?

General Motors owns Chevrolet, Buick, GMC, Cadillac, and Holden.

When did GM emerge from bankruptcy?

General Motors Co. emerged from the bankruptcy of General Motors Corp. in July 2009.

What are the main segments GM operates under?

GM operates under four segments: GM North America, GM International, Cruise, and GM Financial.

What is GM's market share in the U.S. as of 2023?

GM held a 16.5% market share in the U.S. in 2023.

What is the Ultium battery platform?

The Ultium battery platform is GM's advanced battery technology designed to power a wide range of electric vehicles.

What is GM Defense's Infantry Squad Vehicle (ISV)?

The ISV is a vehicle designed for military use, which recently completed rigorous testing in the UAE Armed Forces Summer Trials.

What is GM Energy's V2H technology?

GM Energy's V2H (vehicle-to-home) technology allows energy transfer from a compatible GM EV to a properly equipped home, enhancing grid resiliency.

How is GM contributing to autonomous vehicle technology?

GM's Cruise division focuses on developing autonomous vehicle technology, aiming to restart driverless AV robotaxi services by 2024.

What recent investments has GM made in radar technology?

GM Ventures invested in Neural Propulsion Systems (NPS) to enhance radar technology for automotive and defense applications.

Where can I find more information about GM's initiatives?

For more details on GM's initiatives, visit their official website and related pages such as GM Defense and GM Energy.

General Motors Company

NYSE:GM

GM Rankings

GM Stock Data

56.97B
1.10B
0.22%
86.93%
3.16%
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