General Motors (GM) Appoints Aneel Bhusri to its Board

General Motors (GM) Announces Plans to Double Revenue, Drive Higher Margins

General Motors Co. (NYSE: GM) today provided a detailed roadmap of how the company plans to double its annual revenue and expand margins to 12 to 14 percent by 2030, as a result of GM's transformation into a growth company driven by EVs, connected services and new businesses.

"GM has changed the world before and we're doing it again," said GM Chair and CEO Mary Barra. "We have multiple drivers of long-term growth and I've never been more confident or excited about the opportunities ahead."

GM concluded the first of two days of... More

General Motors (GM) calls more active than puts as shares tick up into investor day

General Motors (NYSE: GM) October weekly call option implied volatility is at 71, October is at 47; compared to its 52-week range of 29 to 66 into investor day on October 6 and 7. Call put ratio 2.9 calls to 1 put.

General Motors (GM) Appoints Edward Kummer as Chief Digital Officer

General Motors (NYSE: GM) named Edward Kummer as chief digital officer, effective Oct. 16. Kummer will be responsible for building and delivering a holistic digital business guided by GM's Growth Strategy, leading a newly formed Digital Business team, and accelerating software investments that will redefine consumer expectations. He will report to GM President Mark Reuss.

Kummer was president of Nordstrom Rack's online business and Nordstrom's HauteLook brand, where he led an integrated online site and executed an omni-channel strategy, resulting in increased online sales and significant profit growth. He brings a breadth of expertise... More

General Motors (GM) call put ratio 3.8 calls to 1 put as shares rally 0.9% into investor day

General Motors (NYSE: GM) October weekly call option implied volatility is at 61, October is at 46; 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 as shares rally 0.9%.

GM (GM) Invests in Next-Gen EV Battery Facility to Lower Costs, Increase Speed to Market

General Motors (NYSE: GM) announced the Wallace Battery Cell Innovation Center, an all-new facility that will significantly expand the company's battery technology operations and accelerate development and commercialization of longer range, more affordable electric vehicle batteries. The Wallace Center will be located on the campus of GM's Global Technical Center in Warren, Michigan.

The facility will play a pivotal role in advancing GMs vision of an all-electric future and help pave the way to widespread adoption of EVs, building on more than a decade of advanced battery development at GM Research and... More

General Motors (GM) Investment Case Requires Strategy Change - Morgan Stanley

Morgan Stanley analyst Adam Jonas reiterated an Overweight rating and $80.00 price target on General Motors (NYSE: GM) after activist fund "Engine No. 1" announced a stake in the company claiming shares could triple over the next 5 years.

The analyst sees things differently however,... More

GM (GM) to detail significant revenue expansion plans during investor day - CNBC

GM (NYSE: GM) to detail significant revenue expansion plans during investor day - CNBC

General Motors (GM) PT Raised to $64 at Wells Fargo

Wells Fargo analyst Colin M. Langan raised the price target on General Motors (NYSE: GM) to $64.00 (from $63.00) while maintaining a Overweight rating.... More

General Motors (GM) call put ratio 3.4 calls to 1 put into investor event

General Motors (NYSE: GM) October weekly call option implied volatility is at 59, October is at 47; compared to its 52-week range of 29 to 66 into investor day on October 6 and 7. Call put ratio 3.4 calls to 1 put.

Engine No. 1 Announces Support for GM's (GM) Transformative Electric Vehicle Plan

Engine No. 1, an investment firm that drives performance by tying companies social and environmental actions to economic outcomes, today formally announced its investment in and support for General Motors Co.s (GMs) vision to transform its business to create an all-electric fleet and enhance long-term shareholder value. Along with the announcement, Engine No. 1 published a white paper detailing why the automotive industry must transition to battery electric vehicles (BEVs), what role original equipment manufacturers (OEMs) will play in this transformation, and how it believes GM is committed to leading in the space for decades to come.

GMs goal to... More

General Motors (GM) call put ratio 4.5 calls to 1 put as shares rally 2%

General Motors (NYSE: GM) October weekly call option implied volatility is at 58, October is at 43; compared to its 52-week range of 29 to 66 into investor day on October 6 and 7. Call put ratio 4.5 calls to 1 put as shares rally 2%.

General Motors (GM) call put ratio 4.5 calls to 1 put as shares rally 2%

General Motors (NYSE: GM) October weekly call option implied volatility is at 458, October is at 43; compared to its 52-week range of 29 to 66 into investor day on October 6 and 7. Call put ratio 4.5 calls to 1 put as shares rally 2%.

Engine No. 1 backs GM's strategy around transition to EVs

By Ben Klayman and Svea Herbst-Bayliss

(Reuters) - Hedge fund Engine No. 1 on Monday formally announced it has taken a stake in General Motors Co and was supportive of its transition to battery electric vehicles, sending the shares of the No. 1 U.S. automaker up 3.2%.

The position of support for GM was in contrast to the hedge fund's against-the-odds challenge against Exxon Mobile Corp earlier this year that enabled it to land three board seats. Engine No. 1 had criticized the energy giant's track record and targets on reducing its carbon footprint.

However, Engine No. 1 said... More

GM's (GM) Cruise This Week to Reveal Target for $50B in Revenue - Bloomberg

GM's (NYSE: GM) Cruise This Week to Reveal Target for $50B in Revenue - Bloomberg

Chipmaker Cree changes name to Wolfspeed, strikes deal with GM on battery tech

By Stephen Nellis

(Reuters) - Chipmaker Wolfspeed Inc on Monday announced a deal with General Motors to supply silicon carbide power devices for future electric vehicle programs, as Wolfspeed changed its name from Cree Inc.

Wolfspeed technology will be used in integrated power electronics in GM's Ultium Drive system, for upcoming electric vehicles, the two companies said.

Cree Inc shares previously traded on the Nasdaq Global Select Market, and newly renamed North Carolina-based Wolfspeed... More

Engine No.1 Takes Stake in General Motors (GM) - Report

Activist hedge fund Engine No.1 has acquired a stake in General Motors (NYSE: GM), according to NYTs DealBook.

The activist firm is due to announce today that it has acquired a stake in the first quarter, although it has declined to... More

Engine No. 1 to Announce Stake in General Motors (GM) - NYT DealBook

(Updated - October 4, 2021 8:21 AM EDT)

Activist investor Engine No. 1 will formally announce today that it has taken a stake in General Motors (NYSE: GM), according to a report in NYT DealBook. The purchase is pitched as a show of support for the automaker's... More

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

Today, General Motors (NYSE: GM) and Wolfspeed, Inc. (NYSE: WOLF) announced a strategic supplier agreement to develop and provide silicon carbide power device solutions for GMs future electric vehicle programs. Wolfspeeds silicon carbide devices will enable GM to install more efficient EV propulsion systems that will extend the range of its rapidly expanding EV portfolio.

The silicon carbide will specifically be used in the integrated power electronics contained within GMs Ultium... More

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

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.