General Motors Company (GM)
GM indefinitely pauses Cruise Origin autonomous vehicle while it refocuses unit
General Motors is forgoing plans to produce its autonomous cab Cruise Origin indefinitely as it refocuses efforts on the troubled unit.
General Motors Posts China Loss, Takes $600 Million Charge for Its Cruise Unit
General Motors (GM) shares tumbled Tuesday after the biggest U.S. automaker announced a surprising loss in China and took a $600 million charge for its struggling Cruise autonomous vehicle unit.
GM indefinitely pauses Cruise Origin autonomous vehicle while it refocuses unit
GM is indefinitely suspending production of the Cruise Origin as it focuses more attention on the Chevrolet EV Bolt. The self-driving cars were allowed back on the road this spring.
General Motors (GM) Q2 Earnings Top Estimates on GMNA Strength
General Motors (GM) delivers impressive second-quarter results, with sales and earnings topping estimates. The auto giant also lifts the 2024 profit view.
General Motors Company (GM) Q2 2024 Earnings Call Transcript
General Motors Company (NYSE:GM ) Q2 2024 Earnings Conference Call July 23, 2024 8:30 AM ET Company Participants Ashish Kohli - Vice President, Investor Relations Mary Barra - Chair and Chief Executive Officer Paul Jacobson - Executive Vice President and Chief Financial Officer Dan Berce - President and Chief Executive Officer, GM Financial Conference Call Participants Dan Levy - Barclays Itay Michaeli - Citi Joseph Spak - UBS Daniel Roeska - Bernstein Research Ryan Brinkman - JPMorgan Dan Ives - Wedbush John Murphy - Bank of America Chris McNally - Evercore Mark Delaney - Goldman Sachs Tom Narayan - RBC James Picariello - BNP Paribas Operator Good morning, and welcome to the General Motors Company Second Quarter 2024 Earnings Conference Call. During the opening remarks, all participants will be in a listen-only mode.
General Motors Q2 earnings beat overshadowed by EV, China concerns
General Motors Company (NYSE:GM) shares fell more than 6% as investor concerns about its electric vehicle unit and performance in China overshadowed stronger-than-expected second quarter earnings. The automaker's EV deliveries grew 40% year-over-year in Q2 but made up just 2.3% of the quarter's sales.
GM Shares Dip 6% After Halting Cruise Self-Driving Cars
Shares of General Motors fell over 6% on Tuesday, pacing the company's worst day in nearly a year after production of an autonomous vehicle from its self-driving unit Cruise was delayed indefinitely, after the car—which doesn't have a steering wheel or pedals—faced years of delays, and Cruise endured scrutiny after a pedestrian was struck by another company car.
Here's Why General Motors (GM) is a Strong Momentum Stock
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Compared to Estimates, General Motors (GM) Q2 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for General Motors (GM) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
GM slows its EV plans again even as sales grow
GM is again slowing its plans for all-electric vehicles by further delaying a second U.S. electric truck plant and the Buick brand's first EV. The delay also means the company will not achieve a prior target of having North American production capacity of 1 million EVs by 2025.
General Motors Hits the Brakes on Self-Driving Car. What Else Is Going on With GM Stock Today?
General Motors (NYSE: GM ) stock rose overnight after it beat estimates, raised guidance, and paused work on the Cruise Origin robotaxi, which doesn't have a steering wheel. However, after the markets opened, the stock tanked 2.5% and is still falling as of this writing.
GM's Electric Vehicle Miss and Why It's a Win for Investors
GM's EV ambitions are slowing but that will be good for the bottom line.
