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November 29, 2020

General Motors Co

From Tesla and Rivian to Ford and GM: Take a look at the electric trucks automakers are planning

CNBC
CNBC – For more and to sign up click here From electric car startups to the old-school Detroit auto giants, the automotive industry is gearing up for a battle royale as companies race to deliver the first all-electric pickup truck to the mass market. The best-selling vehicle in the U.S.......

Nikola shares fall after CEO fails to reassure investors GM won’t pull out of $2 billion deal

CNBC
CNBC – For more and to sign up click here Nikola Motor Company Two truck Source: Nikola Motor Company Shares of embattled electric vehicle start-up Nikola Corp. fell by more than 8% in afterhours trading after CEO Mark Russell failed to reassure investors that the company’s $2 billion deal with......

Jim Cramer unveils list of ‘return to normalcy’ stocks to buy on vaccine optimism

CNBC
CNBC – For more and to sign up click here After Wall Street digested more positive coronavirus vaccine news and investors grew more optimistic on the reopening trade, CNBC’s Jim Cramer on Monday unveiled a list of “return to normalcy” stocks. “I think you have to buy a couple of......

Chinese EV rivals line up to challenge Tesla on their home turf

CNBC
CNBC – For more and to sign up click here Citron founder Andrew Left, known for some big short calls, recommended Nio shares, now worth $45 each, at $7 two years ago. Now he is short the name and says of the recent gains in multiple EV makers, “The fact......

Investors finally reward General Motors’ shift to EVs even as it cuts emerging mobility plans

CNBC
CNBC – For more and to sign up click here As ride-hailing companies Uber and Lyft rose to popularity and e-scooters popped up across major U.S. cities earlier this decade, industry analysts predicted the beginning of the end of car ownership. That meant “traditional” automakers such as General Motors would......

Under pressure from Wall Street, General Motors has no interest in spinning off EV business

CNBC
CNBC – For more and to sign up click here General Motors has no plans at this time to spin off its electric vehicle business despite pressure from Wall Street to do so, GM President Mark Reuss told CNBC. Reuss said the Detroit automaker analyzed the potential of a spinoff......

GM ups spending on EVs and autonomous cars by 35% to $27 billion

CNBC
CNBC – For more and to sign up click here 2022 GMC Hummer EV sport utility truck GM General Motors is increasing and accelerating its rollout of all-electric vehicles as the automaker attempts to compete against industry leader Tesla as well as an influx of new competitors in the emerging......

GM’s last decade has produced paltry returns for investors, but EVs hold hope for Tesla-like growth for 112-year-old Detroit carmaker

CNBC
CNBC – For more and to sign up click here Ten years ago, General Motors made its second debut on the New York Stock Exchange in what was then the largest initial public offering in U.S. history — ushering in a new era of renewed optimism for the company and......

Ex-GM board member, union leader sentenced to 30 months in prison

CNBC
CNBC – For more and to sign up click here Former UAW Vice President Joe Ashton speaks during a GM announcement at a plant in Spring Hill, Tenn. in 2011. GM Former General Motors board member Joe Ashton, a retired United Auto Workers leader, was sentenced Tuesday to 30 months......

Fighting Tesla’s rally is ‘like fighting the Fed,’ trader says after S&P 500 inclusion

CNBC
CNBC – For more and to sign up click here Tesla shares are taking off. The electric-auto maker’s stock closed more than 8% higher at $441.61 a share on Tuesday following S&P Dow Jones Indices’ announcement that the cult stock would be added to the S&P 500 index. At a $411.5......

Biden holds joint meeting with union leaders and CEOs of major retail, auto and tech companies

CNBC
CNBC – For more and to sign up click here WASHINGTON — President-elect Joe Biden hosted a joint meeting Monday with labor union leaders and the chief executives of major tech, retail and auto companies. The business leaders at the virtual meeting were General Motors CEO Mary Barra, Microsoft president......

GM recalling Chevrolet Bolt EVs due to fire risks amid federal probe

CNBC
CNBC – For more and to sign up click here The Chevrolet Bolt EV is displayed during the Los Angeles Auto Show at the Los Angeles Convention Center on November 20, 2016 in Los Angeles, California. Josh Lefkowitz | Getty Images General Motors is recalling tens of thousands of all-electric......

UBS increases GM’s price target to $50 on ‘aggressive’ EV plans; stock jumps 6%

CNBC
CNBC – For more and to sign up click here An undated handout photo shows the new Cadillac Lyriq, one of the electric vehicles that General Motors Co said on October 20, 2020, that its Spring Hill, Tennessee, factory will begin to produce. General Motors Co. | Reuters General Motors......

Walmart to test deliveries by self-driving car with General Motors’ Cruise

CNBC
CNBC – For more and to sign up click here Walmart and Cruise will begin testing deliveries by driverless car in 2021. Walmart Starting next year, some of Walmart‘s deliveries of groceries and other items will be dropped off at customers’ homes by a small fleet of electric-powered, driverless cars.......

What a Biden White House could mean for Tesla

CNBC
CNBC – For more and to sign up click here Tesla CEO Elon Musk speaks at an opening ceremony for Tesla China-made Model Y program in Shanghai on Jan. 7. Aly Song | Reuters President-elect Joe Biden presents a mixed bag for Tesla and other electric car-makers. On the pro......

Automakers use virtual reality to cut the development time for vehicles like the Hummer EV

CNBC
CNBC – For more and to sign up click here Automakers use virtual reality to cut the development time for vehicles like the Hummer EV Search quotes, news & videos Source – Click here for more To Return to the Main Aggregate News Page – click here...

Stocks making the biggest moves in the premarket: General Motors, Cigna, Merck, Regeneron & more

CNBC
CNBC – For more and to sign up click here Stocks making the biggest moves in the premarket: General Motors, Cigna, Merck, Regeneron & more Search quotes, news & videos Source – Click here for more To Return to the Main Aggregate News Page – click here...

General Motors shares jump after truck sales deliver big earnings beat in third quarter

CNBC
CNBC – For more and to sign up click here General Motors CEO Mary Barra speaks to the news media June 12, 2018 in Detroit, Michigan. Bill Pugliano | Getty Images General Motors reported third-quarter earnings before the bell on Thursday. Shares were up 7% to $37.65. Here are the......

Ford’s new CEO promises investors more transparency, reports October sales declined 6.1%

CNBC
CNBC – For more and to sign up click here Ford Motor will release its U.S. vehicle sales on a monthly basis as well as quarterly after the company’s new CEO Jim Farley promised Wall Street greater transparency. The decision comes more than a year after the Detroit automaker followed......

What a Trump or Biden win for president means for U.S. automakers

CNBC
CNBC – For more and to sign up click here What a Trump or Biden win for president means for U.S. automakers Search quotes, news & videos Source – Click here for more To Return to the Main Aggregate News Page – click here...

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