Will McGough, Prime Capital Investment Advisors director of investments, joins CNBC's 'Power Lunch' to discuss three stocks: Meta, General Motors, and Keurig Dr Pepper.
EV sales data provided to CNBC by the Detroit automaker, which publicly reports sales quarterly, shows a notable increase for GM through August. GM sold nearly 21,000 EVs in the U.S. in July and August – almost matching its full second-quarter EV sales.
Bernstein analyst Daniel Roeska downgraded GM stock to Hold from Buy, trimming his price target to $53 from $54.50.
Unifor members at the CAMI Assembly and Battery Assembly plants in Ontario have ratified a new collective agreement with General Motors that achieves significant pay increases, the Canadian labor union said on Sunday.
Slow EV sales were supposed to mean job cuts, as US car companies have not entered the market successfully.
General Motors will begin laying off 1,695 workers at its Fairfax Assembly plant in Kansas, the company said in a Worker Adjustment and Retraining Notification (WARN) notice earlier this week.
GM is recalling 450,000 2023 and 2024 trucks and SUVs of varying models due to a faulty brake fluid light apparently caused by a computer issue that doesn't relay the necessary information.
Regulators said that without the warning light, a vehicle may be driven with low brake fluid, which can reduce braking performance and increase the risk of a crash.
General Motors is recalling 449,671 vehicles in the U.S. due to inoperative low brake fluid warning, the U.S. National Highway Traffic Safety Administration said on Friday.
General Motors' self-driving unit Cruise said on Thursday it will begin supervised testing with up to five autonomous vehicles in fall this year in California's Bay Area.
Cruise is returning to the streets of Sunnyvale and Mountain View for the first time since it paused operations in the Bay Area after a robotaxi struck a pedestrian in October 2023.
GM's EV drivers are set to gain access to more than 17,800 Tesla Superchargers using a GM-approved NACS DC adapter.