General Motors (GM) Announces Supply Agreement with Wolfspeed (WOLF)

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General Motors (GM) Appoints Aneel Bhusri to its Board

October 6, 2021 5:31 AM EDT

General Motors Co. (NYSE: GM) announced today that transformational technology leader Aneel Bhusri, the co-founder, co-CEO and chairman of Workday, Inc., is joining its Board of Directors.

GM now has 13 directors with the addition of Bhusri. The company's 12 independent directors have senior leadership and board experience in manufacturing, information technology, digital commerce, retail, higher education, investment management, international affairs, defense, transportation, cybersecurity, and pharmaceuticals, among other fields. Six of GM's independent directors are women.

"Aneel's entrepreneurial... More

General Motors (GM) call put ratio 3.8 calls to 1 put

October 4, 2021 5:14 AM EDT

General Motors (NYSE: GM) October weekly call option implied volatility is at 47, October is at 41; compared to its 52-week range of 29 to 66 into investor day on October 6 and 7. Call put ratio 3.8 calls to 1 put.

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Exclusive-GM aims to profit from software as it broadens its EV lineup

October 1, 2021 12:25 PM EDT

By Ben Klayman and Paul Lienert

DETROIT (Reuters) - General Motors Co plans to position itself as a technology platform company that is as focused on software as it is on making electric vehicles when it meets with investors next week, including revealing a scheduled rollout for at least 20 EVs in the United States over the next several years.

The No. 1 U.S. automaker has said it will talk on Wednesday about its growth strategy, EV and software platform advantages, its self-driving vehicle business and the related financial road map as it seeks to draw new... More

General Motors (GM) Plans To Launch At Least 20 New Electric Vehicles In North America By Early 2028 - Reuters

October 1, 2021 12:17 PM EDT

General Motors (NYSE: GM) Plans To Launch At Least 20 New Electric Vehicles In North America By Early 2028 - Reuters

Plans To Build Future Evs In Three U.s. Plants, Plus One In Canada And One In Mexico EV Portfolio Will Include Three Full-size Pickups By Late 2023... More

General Motors (GM) call put ratio 7 calls to 1 put after GM reports Q3 U.S. sales

October 1, 2021 10:42 AM EDT

General Motors (NYSE: GM) October weekly call option implied volatility is at 42, October is at 39; compared to its 52-week range of 29 to 66 into investor day on October 6 and 7. Call put ratio 7 calls to 1 put after GM reports Q3 U.S. sales of 446,997 vehicles, down 218,195 units from last year.

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GM (GM) Q3 Sales Fall 32%

October 1, 2021 10:32 AM EDT

General Motors Co. (NYSE: GM) dealers delivered 446,997 vehicles in the U.S. in the third quarter of 2021, down 218,195 units from a year ago as a result of semiconductor supply chain disruptions and historically low inventories.

During the quarter, GM provided an update for investors that its wholesale volumes in North America in the second half of 2021 would be down about 200,000 units from the first half, largely because of supply chain disruptions in Malaysia caused by COVID-19, with most of the impact occurring during the third quarter. GMs financial outlook is still... More

General Motors (GM) calls active into investor day

October 1, 2021 10:18 AM EDT

General Motors (NYSE: GM) October weekly call option implied volatility is at 47, October is at 40; compared to its 52-week range of 29 to 66 into investor day on October 6 and 7. Call put ratio 8 calls to 1 put.

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General Motors (GM) Analyst Day Preview - Credit Suisse

October 1, 2021 6:24 AM EDT

Credit Suisse analyst Steven Dyer reiterated an Outperform rating and $75.00 price target on General Motors (NYSE: GM) ahead of its investor day next week, where the company will likely highlight its growth opportunities and offer a case for multiple expansion. Key things to look for... More

General Motors (GM) call put ratio 2.6 calls to 1 put

October 1, 2021 4:23 AM EDT

General Motors (NYSE: GM) October weekly call option implied volatility is at 50, October is at 42; compared to its 52-week range of 29 to 66 into investor day on October 6 and 7. Call put ratio 2.6 calls to 1 put.

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GM's Cruise, Alphabet's Waymo win permits to offer self-driving rides to passengers in California

September 30, 2021 3:16 PM EDT

By Hyunjoo Jin, Jane Lanhee Lee and Paresh Dave

SAN FRANCISCO (Reuters) - General Motors Co's Cruise and Alphabet Inc's Waymo self-driving car subsidiaries on Thursday became the first companies to receive autonomous vehicle permits to offer rides to passengers in California.

Cruise has obtained a permit from the California Department of Motor Vehicles to offer driverless rides to passengers at night in some parts of San Francisco, and Waymo has won a permit from the regulator to deploy autonomous vehicles with safety drivers behind the wheel.

The DMV said it would allow commercial service for... More

GM expects renewable energy-powered U.S. sites by 2025, ahead of plan

September 30, 2021 12:27 PM EDT

(Reuters) - No.1 U.S. automaker General Motors Co said on Thursday it plans to have its sites in the United States run on renewable energy by 2025, five years ahead of its original goal.

The company also said it was working with U.S power grid operator PJM... More

GM, Ford extend some production cuts due to chip shortage

September 30, 2021 10:47 AM EDT

By David Shepardson

WASHINGTON (Reuters) -General Motors Co and Ford Motor Co said Thursday they will cut additional production because of the nagging semiconductor shortage that has hit global auto production.

GM, the largest U.S. automaker, said it will extend by two weeks a halt to... More

General Motors (GM) Set to Reach 100 Percent Renewable Energy in the U.S. 5 Years Ahead of Schedule

September 30, 2021 10:32 AM EDT

As GM pursues carbon-neutral commitment, company expects to source 100 percent renewable energy in the U.S. by 2025GM teams with PJM and TimberRock to launch a new carbon tracking system to monitor and reduce emissions in real time

Today, General Motors announced that it plans to source 100 percent renewable energy to power its U.S. sites by 2025 five years earlier than previously announced, and 25 years ahead of its initial target that was set in 2016. By accelerating its renewable energy goal, GM aims to avoid 1 million metric tons of carbon emissions that... More