GM aims to lower EV battery cost, locks up supply deal with Vale
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Wedbush impressed at GM investor day; reiterates Outperform
November 17, 2022 4:14 PM ESTWedbush reiterated an Outperform rating and $42.00 price target on General Motors (NYSE: GM) after attending the companys investor meeting today in New York. GM used the opportunity to check up on the companys electrification strategy.
Analyst Daniel Ives wrote in a note Given the supply chain issues and global macro, GM easily could have been more cautious around targets, battery production, and overall demand looking ahead for the coming years. Instead, Barra & Co. came out... More
General Motors (GM) expects its North America EVs to be 'solidly profitable' in 2025
November 17, 2022 3:49 PM ESTGeneral Motors (NYSE: GM) said Thursday that it expects its portfolio of electric vehicles in North America to be "solidly profitable" in 2025.
The automotive manufacturing company told investors in a meeting that it is aiming to scale its electric vehicle capacity to more than 1 million units annually, ramp up its software revenue opportunities, generate significant greenhouse gas benefits, and realize the positive... More
GM’s BrightDrop to reach $1B in revenue by 2023; $10B by 2030
November 17, 2022 2:51 PM ESTTravis Katz, the CEO and president of BrightDrop, a subsidiary of General Motors (NYSE: GM), spoke today at GMs investor day in New York. BrightDrop is an automotive technology company targeting last-mile delivery customers, supplying products like electric delivery vans, ePallets, and cloud-based software.
Katz was introduced on stage by General Motors president Mark Reuss, where he spoke on the current goals of the business to drive down costs through scale and... More
General Motors (GM) CEO Barra highlights EV profitability at GM investor day
November 17, 2022 2:24 PM ESTGeneral Motors (NYSE: GM) held their investor day presentation today in New York, focusing on 2023-2025. CEO, Mary Barra highlighted the companys electric vehicle segment announcing that the company expects their EV portfolio to be profitable by 2025.
we expect our EV portfolio to be profitable by 2025 including GHG benefits and revenue from software and after sales. This is before the benefits of the new clean energy tax credits. When... More
