NEW YORK, NY / ACCESSWIRE / August 26, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of General Motors Company ("General Motors") (NYSE:GM) concerning possible violations of federal securities laws. GM filed a petition in 2022, with the National Highway Traffic Safety Administration seeking permission to deploy up to 2,500 self-driving Origin vehicles annually without human controls such as a steering wheel, brake pedals or mirrors.
GM stock outperforms Ford and Tesla in 2024, up 36%, and has recaptured much of its July-early August losses. The firm reported strong Q2 earnings and raised its FY 2024 guidance. Analysts expect 2024 EPS growth of nearly 30% with steady profits in the out year, and I provide a refreshed look at my valuation assumptions.
GM reported record revenue in the second quarter, and management raised full-year earnings guidance. Shares are cheap, making large stock buybacks a smart move.
General Motors' (GM) Cruise is set to offer its autonomous vehicles on the Uber platform starting next year to revive its robotaxi business.
NEW YORK, NY / ACCESSWIRE / August 23, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of General Motors Company ("General Motors") (NYSE:GM) concerning possible violations of federal securities laws. GM filed a petition in 2022, with the National Highway Traffic Safety Administration seeking permission to deploy up to 2,500 self-driving Origin vehicles annually without human controls such as a steering wheel, brake pedals or mirrors.
General Motors (GM) reported earnings 30 days ago. What's next for the stock?
General Motors' AV company, Cruise, has recalled its fleet of 1,194 self-driving cars to resolve long-standing trouble with unexpected braking. Cruise has shipped software updates to those vehicles that should mitigate the braking problems, and as such, the National Highway Traffic Safety Administration has closed nearly two-year probe into the issue.
NEW YORK, NY / ACCESSWIRE / August 22, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of General Motors Company ("General Motors") (NYSE:GM) concerning possible violations of federal securities laws. GM filed a petition in 2022, with the National Highway Traffic Safety Administration seeking permission to deploy up to 2,500 self-driving Origin vehicles annually without human controls such as a steering wheel, brake pedals or mirrors.
The National Highway Traffic Safety Administration said on Thursday it was closing its preliminary evaluation into hard braking and immobilization in autonomous ride-hailing vehicles operated by General Motors' Cruise unit.
Layoffs signal that a company is changing strategies, pulling back
GM's GMC brand wants to become the leader in all-electric truck sales for U.S. consumers as it begins selling its new electric Sierra pickup. The Sierra EV joins electric versions of the Hummer, including an SUV and pickup, in GMC's electric "truck" lineup.
NEW YORK, NY / ACCESSWIRE / August 20, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of General Motors Company ("General Motors") (NYSE:GM) concerning possible violations of federal securities laws. GM filed a petition in 2022, with the National Highway Traffic Safety Administration seeking permission to deploy up to 2,500 self-driving Origin vehicles annually without human controls such as a steering wheel, brake pedals or mirrors.