General Motors has finalized the complete acquisition of its Cruise autonomous vehicle unit to focus on developing the technology for personal vehicles instead of on robotaxis, the company announced on Tuesday.
Autonomous vehicle company Cruise is laying off 50% of its workforce — cuts that extend to the CEO and several other top executives — as it prepares to shut down operations. What remains of Cruise will move under parent company General Motors as the automaker directs its resources towards improving its hands-free driver assistance system Super Cruise — and eventually roll out personal autonomous vehicles.
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.
Joe Terranova, Senior Managing Director for Virtus Investment Partners, joins CNBC's "Halftime Report" to explain why he's selling GM out of his ETF.
General Motors' robust U.S. presence, cost-cut efforts, EV innovation, attractive valuation and positive earnings estimate revisions make us bullish on the stock.
If investors only factor in General Motors' (GM -0.08%) price-to-earnings ratio of 6 times and the 11.5% stock price decline the company saw after reporting earnings on Tuesday, they might conclude the company had a rough quarter and year. But such a conclusion would be way off.
General Motors (GM -0.52%) reported strong fourth-quarter earnings, as well as excellent 2025 guidance, but the stock took a dive after the results were released. Now, the giant automaker trades for a rock-bottom valuation of just over four times forward earnings.
General Motors is charting a technological future focused on its Super Cruise driver assistance technology, similar to Tesla's Autopilot, with the expectation of bringing in billions of dollars in revenue.
General Motors Company GM shares are trading relatively flat on Wednesday.
General Motors (GM -8.89%) stock dropped 9% on Tuesday after the company reported a great fourth quarter and solid guidance for 2025. But the market wasn't happy, and Travis Hoium shows how investors should interpret the news in this video.
General Motors (GM) reported fiscal fourth quarter earnings that exceeded analyst expectations on both revenue and profit fronts; despite this news, GM shares are down by over 10% at the time of this interview's posting. Bank of America managing director John Murphy joins Catalyst to discuss his outlook on the automaker following these results.
General Motors (GM) ended 2024 on a high note, reporting fourth-quarter revenue of $47.7 billion and an operating profit of $2.5 billion, surpassing Wall Street expectations, however, GM's stock fell by more than 10% as tariff fears overshadowed strong guidance. For the full year, GM achieved an adjusted profit of $10.