General Motors Company (GM)
Cruise, GM's troubled robotaxi unit, gets a new CEO
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.
Cruise, the Self-Driving Car Subsidiary of G.M., Names New C.E.O.
After a year of safety problems, layoffs and mass executive departures, G.M. is trying to find stability for its futuristic driverless car business.
GM self-driving unit Cruise names new CEO as it seeks turnaround
General Motors robotaxi unit Cruise said on Tuesday it has named a former xBox founding engineer as the new CEO of automaker's self-driving vehicle company.
U.S. auto sales are expected to slow during the second half of 2024
Cox Automotive expects U.S. sales growth to slow during the second half of the year to end 2024 at 15.7 million units, roughly a 1.3% increase compared to 2023. Vehicle inventory levels are growing, incentives are increasing and there's growing uncertainty during surrounding the economy, interest rates and U.S. presidential election.
Why the Market Dipped But General Motors (GM) Gained Today
General Motors (GM) closed the most recent trading day at $48.11, moving +0.82% from the previous trading session.
Automakers ask US agency to reconsider emergency braking rule
A group representing major automakers asked the National Highway Traffic Safety Administration to reconsider its new rule requiring nearly all new cars and trucks by 2029 to have advanced automatic emergency braking systems.
General Motors' (GM) Cruise to Pay $112K to Restart Operation
General Motors' (GM) Cruise agrees to pay a fine of $112,500 to CPUC in order to avoid litigation and resume operations in California.
Brokers Suggest Investing in General Motors (GM): Read This Before Placing a Bet
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Cruise clears key hurdle to getting robotaxis back on roads in California
Cruise, the self-driving subsidiary of General Motors, has agreed to pay a $112,500 fine for failing to provide full information about an accident involving one of its robotaxis last year. The settlement with the California Public Utilities Commission (CPUC) not only avoids litigation, it puts Cruise in a position to restart operations in the state.
General Motors Company (GM) is Attracting Investor Attention: Here is What You Should Know
General Motors (GM) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
California to fine GM's unit Cruise for delaying report on San Francisco accident
A California regulator said on Thursday it is imposing the maximum penalty possible on General Motors' Cruise unit for its failure to promptly provide complete information to the commission about an accident involving one of its self-driving vehicles last year.
3 EV Stocks to Buy Now: June 2024
Electric vehicle (EV) companies are in uncharted territory. A few years ago, the market was anticipated to see a bustling demand for this new technology.
