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General Motors (GM) Recalls Electric Hummer over Faulty Battery Seal
October 25, 2022 1:39 PM EDTGeneral Motors (NYSE: GM) has issued a recall for 735 of the companys electric Hummer models and 89 BrightDrop EV600 electric vans after a fault was found in the battery seal that could allow water into the battery pack. If water were to enter the battery pack, the vehicles may... More
Top EV Companies Prepare to Spend Nearly $1.2 Trillion Through 2030
October 21, 2022 2:28 PM EDTAn exclusive report by Reuters today shows that the worlds top electric vehicle makers are prepared to spend nearly $1.2 trillion through 2030 to develop and produce electric vehicles, along with the batteries and raw materials to support production.
Reuters compiled public data and projections released by these companies to show that the EV investment figures dwarf previous investment estimates by analysts and is more than twice the most recent calculation published by the site just a year ago. Automakers have forecast plans to build 54 million battery electric vehicles in 2030, representing more than 50% of total vehicle production, according to the... More
General Motors (GM) call put ratio 2.9 calls to 1 put into quarter results and outlook
October 21, 2022 11:09 AM EDTGeneral Motors (NYSE: GM) October weekly call option implied volatility is at 59, November is at 55; compared to its 52-week range of 29 to 60 into the expected release of quarter results before the bell on October 25. Call put ratio 2.9 calls to 1 put.
... MoreGeneral Motors (GM) PT Lowered to $58 at JPMorgan
October 21, 2022 8:14 AM EDTJPMorgan analyst Ryan Brinkman lowered the price target on General Motors (NYSE: GM) to $58.00 (from $61.00) while maintaining a Overweight rating.... More
GM, Ford set to report earnings to a tough crowd on Wall Street
October 21, 2022 6:07 AM EDTBy Joseph White
DETROIT (Reuters) - General Motors Co and Ford Motor Co hope their earnings reports next week will convince skeptical investors that their decade-long efforts have succeeded at unchaining them from the U.S. economic cycle.
Wall Street suspects both companies could fall short of their 2022 profit forecasts, or underperform next year, with consumer demand dented by rising U.S. interest rates, higher oil prices and economic slowdowns in the United States, Europe and China.
"Although there has not been a significant erosion in automotive demand so far this year, 2023 weakness appears increasingly likely,"... More
General Motors (GM) October weekly 33 straddle priced into quarter results
October 21, 2022 5:34 AM EDTGeneral Motors (NYSE: GM) October weekly 33 straddle priced for a move of 8% into the expected release of quarter results before the bell on October 25.
... MoreGM (GM) Said To Mull Adding Midsize EV Pickup To Hummer Brand - Bloomberg
October 19, 2022 2:44 PM EDTGM (NYSE: GM) Said To Mull Adding Midsize EV Pickup To Hummer Brand - Bloomberg
Considering Build-out Of Hummer Brand, Say People Familiar... More
