The National Highway Traffic Safety Administration said on Wednesday it has closed an engineering analysis into more than 1.3 million General Motors vehicles over front seat belt issues.
Despite trading near its 52-week high, General Motors stock is a buy now on its strong fundamentals, attractive valuation and positive estimate revisions.
General Motors' factory in Ecuador will shutter production on Friday amid pressure from local competitors, but will still sell vehicles in the Andean country.
GM agrees to delay an additional $330 million investment in Lithium Americas dedicated to the development of Thacker Pass.
General Motors (GM) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
General Motors is an interesting firm that continues to achieve strong sales growth, though market share in some regions is dropping. The firm is growing where it matters most for now, and recent profit figures have been impressive. Investors need to keep an eye on leverage, but given how cheap the stock is, the firm makes for an attractive prospect.
General Motors's (NYSE: GM) stock is up 39% this year compared to the S&P 500 at 19%.
General Motors is in the early stages of realizing its potential in electric and autonomous vehicles. The stock trades for just 5 times forward earnings right now.
General Motors is facing scrutiny as a federal appeals court permits a lawsuit regarding the sale of hundreds of thousands of vehicles with faulty transmissions from 2015 to 2019.
Uber will begin offering Cruise robotaxis to customers in 2025. The NHTSA announced it was closing a probe into Cruise robotaxis.
General Motors was ordered by a federal appeals court to face a class action claiming it violated laws of 26 U.S. states by knowingly selling several hundred thousand cars, trucks and SUVs with faulty transmissions.
General Motors said on Thursday it would transition BrightDrop commercial vans under Chevrolet, allowing the all-electric vehicle to utilize the brand's extensive dealership and service network across North America.