General Motors will pay a $145.8 million penalty after a government investigation found excess emissions from approximately 5.9 million GM vehicles, sources told Reuters.
General Motors' (GM) second-quarter U.S. sales rise 0.6% year over year due to high full-size pickup trucks and EV sales.
General Motors (GM) posted its best U.S. quarterly sales figures in more than three years, lifted by higher demand for full-sized pickup trucks and electric vehicles (EVs).
General Motors reported its best quarterly sales in more than three years, including notable increases in full-size pickup trucks and all-electric vehicles. The Detroit automaker on Tuesday reported sales of 696,086 for the second quarter, up 0.6% from a year earlier and its highest quarterly units sold since the fourth quarter of 2020.
General Motors on Tuesday posted a slower rise in second-quarter U.S. sales, hurt by lower fleet sales to daily rental companies and a cyber incident at CDK that impacted dealers across the country.
General Motors generates strong free cash flow and has repurchased a large percentage of shares outstanding. GM's stock is underappreciated and undervalued due to sentiment. GM benefits from a softening in EV market share growth and can benefit from gradual growth in EVs and robotaxis.
Car buyers entering dealer showrooms for the foreseeable future may have a new challenge: an alphabet soup of "electrified" vehicle offerings. As all-electric vehicle adoption occurs slower than many expected, automakers are increasingly releasing hybrid vehicle models as alternative options to EVs and traditional gas-powered engines.
Despite the auto industry's cyclical nature, it consistently attracts investors for stable, long-term gains. You can add stability to your portfolio by choosing the best auto stocks to buy now.
The EV market has seen rapid growth over the past few years. Companies like Tesla went from obscure, relatively irrelevant companies, to, suddenly, one of the most important companies out there.
GM's Cruise has appointed Marc Whitten — a video game veteran who was a founding engineer at Xbox and Xbox Live— as CEO.
After a year of safety problems, layoffs and mass executive departures, G.M. is trying to find stability for its futuristic driverless car business.
Cruise, General Motors Co.'s troubled self-driving unit, said late Tuesday it has named an Amazon.com Inc. and Microsoft Corp. veteran its new chief executive, some seven months after the departure of its previous CEO and co-founder following a string of accidents and a fleet grounding.