General Motors Company (GM)
General Motors to Invest $625M in JV to Source Lithium for EV Battery
GM is set to invest $625 million in a new JV with Lithium Americas to source lithium for EV batteries.
Countdown to General Motors (GM) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS
Get a deeper insight into the potential performance of General Motors (GM) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
GM makes a $625 million lithium-battery move to shore up its EV supply chain
General Motors is investing $625 million in the electric vehicle supply chain. The funds will help Lithium Americas Corp develop and operate a major lithium mine in Nevada.
General Motors Q3 Earnings Preview: It's A Make-Or-Break Moment
General Motors has outperformed the market in 2024, unlike most automakers, due to strong earnings and effective cost-reduction strategies. GM's Q3 earnings and FY2025 prospects look promising, driven by a $2B reduction in fixed costs and growing market share, especially in EVs. GM's Q3 earnings are also particularly delicate because they will have to prove whether the company can keep moving counter to the industry trend.
General Motors' Cruise Stake Could Be Worth More Than The Entire Company
General Motors' reasonable valuation and ownership stake in Cruise present a potentially attractive way to capitalize on the rise of self-driving cars. Cruise is not without risks, though. The company has had operational and safety issues recently, and Waymo is the clear leader in the space. Even accounting for competition and recent problems, Cruise is still a valuable asset.
General Motors to invest $625M in Lithium Americas' Thacker Pass project
General Motors Company (NYSE:GM) will invest $625 million into a joint venture with Lithium Americas Corp (TSX:LAC, NYSE:LAC) to advance the Thacker Pass lithium carbonate mine in Humboldt County, Nevada. GM will acquire a 38% interest in the project by committing $625 million in cash and letters of credit while Lithium Americas will contribute $387 million in funding for 62% ownership in the project.
GM agrees to $625 million joint venture to mine EV battery raw materials in U.S.
GM has agreed to establish a joint venture with Lithium Americas Corp. that includes the automaker supplying $625 million in cash and credit to the company. The deal is centered on the development, construction and operation of a lithium carbonate mining operation called Thacker Pass in Humboldt County, Nevada.
General Motors to contribute $625 mln to new JV with Lithium Americas
Canadian miner Lithium Americas said on Wednesday General Motors will contribute $625 million to their new joint venture for developing the Thacker Pass project in Nevada.
General Motors (GM) Reports Next Week: Wall Street Expects Earnings Growth
General Motors (GM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
General Motors Partners With Barclays to Offer Exclusive Rewards
GM inks a deal with Barclays US Consumer Bank to offer its cardmembers exclusive rewards and experiences.
General Motors: Strong Free Cash Flow Can Be Sustained And The Stock Is Cheap
General Motors has significantly improved operational efficiency, leading to healthy free cash flow and expanded operating margins. GM's market share gains in both ICE and EV segments, coupled with disciplined leadership, position it well for sustained growth despite economic uncertainties. The company's strategic approach to EV production and prudent management under Mary Barra, support long-term profitability and market competitiveness.
General Motors says Barclays will replace Goldman Sachs as rewards-card issuer starting next summer
The cards give members the opportunity to earn and redeem awards on new Chevrolet, Cadillac, Buick and GMC vehicles, including GM's line of electric vehicles.
