General Motors Company (GM)
Will GM's Q3 Results Justify Stock's 35% Jump This Year?
General Motors is poised to report its Q3 2024 results shortly. We expect earnings for the quarter to come in at $2.45 per share, slightly ahead of consensus and up by almost 8% compared to last year, while revenues are likely to grow by about 1% year-over-year to $44.7 billion.
After Nevada lithium deal, GM eyes other sources for EV minerals supply
General Motors is eyeing further North American investments in lithium and other critical minerals used to build electric vehicles after boosting its investment in a Nevada mine to nearly $1 billion earlier this week, an executive said on Thursday.
Carmaker GM supports Mexico's push to strengthen regional supply chains
U.S. automaker General Motors said on Thursday that it fully supported the Mexican government's push to strengthen supply chains in the region, though it declined to "respond to speculation about future plans."
Why GM's Mary Barra Still Believes in EVs, Despite Slow Sales
Mary Barra, G.M.'s chief executive, said that the company had fixed battery-manufacturing problems and that its electric vehicles would soon be profitable.
Why General Motors (GM) is a Top Value Stock for the Long-Term
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
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.
