General Motors (GM) closed the most recent trading day at $47.40, moving +1.35% from the previous trading session.
The U.S. Environmental Protection Agency (EPA) released new pollution standards this year that will require 56% of all new vehicles sold in the U.S. to be electric by 2032, and at least 13% to be plug-in hybrid or partially electric.
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GM plans to finish up its previous $10 billion repurchase plan during the second quarter. GM's board authorized an additional $6 billion buyback.
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General Motors (GM) boosts share buyback, slashes sales and production guidance for all-electric vehicles and invests $850 million in Cruise.
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A humanoid robotics startup cofounded by the CEO of bankrupt fintech firm Synapse has canvassed Silicon Valley investors for funds by claiming close ties and an imminent investment from General Motors — claims rejected by the automaker. The company, called Foundation Robotics Labs, is seeking the last $1 million in funds for an $11 million seed round, according to documents obtained by CNBC.
A year ago, GM had massive headwinds from union negotiations, and with the latest round of agreements, those risks are largely off the table.
General Motors (GM) closed at $48.21 in the latest trading session, marking a +1.35% move from the prior day.
General Motors Company (NYSE:GM ) Deutsche Bank Global Auto Industry Conference June 11, 2024 11:30 AM ET Company Participants Paul Jacobson - EVP and CFO Conference Call Participants Emmanuel Rosner - Deutsche Bank Jim Irwin - Moon Capital Emmanuel Rosner All right. Good morning, everybody.
General Motors (GM) stock printed another day of fresh 52-week highs after the auto giant announced an additional $6 billion in stock buybacks.