General Motors (GM) CEO Barra highlights EV profitability at GM investor day

Wedbush impressed at GM investor day; reiterates Outperform

Wedbush 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

General 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

Travis 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

GM aims to lower EV battery cost, locks up supply deal with Vale

By Ernest Scheyder and Paul Lienert

(Reuters) - General Motors Co aims to slash the cost of electric vehicle battery cells and has added Vale to its growing roster of battery material suppliers as the automaker girds for increasing EV competition beyond 2025, GM said on Thursday.

Brazilian mining giant Vale SA will supply GM with battery-grade nickel for future electric vehicles, starting in 2026, GM executive Doug Parks said on Thursday.

The automaker also expects to cut the cost of its Ultium battery cells to less than $70... More

Vale (VALE) and GM (GM) Sign Long-Term Nickel Supply Agreement in Canada Critical to North American EV Supply Chain

Vale Canada Limited, a subsidiary of Vale S.A., and General Motors Co. (NYSE: GM), announced today they have signed a term sheet for the long-term supply of battery grade nickel sulfate from Vale's proposed plant at Bécancour, Québec, Canada. This agreement secures for GM a supply of nickel sulfate from a U.S. free-trade partner to support its fast-growing EV production needs in North America.Under terms of the agreement,

Vale will supply battery grade nickel sulfate, equivalent to 25,000 metric tons per year of contained nickel, for use in GM's... More

General Motors (GM) now up 1.7% amid investor day comments

General Motors (NYSE: GM) now up 1.7% amid investor day comments

GM promises profitable EVs, with a boost from Washington

By Joseph White

DETROIT (Reuters) -General Motors Co expects its electric vehicles will make money in 2025, with recently enacted federal subsidies plugging the profitability gap between EVs and GM's combustion fleet, Chief Executive Mary Barra said Thursday.

Federal subsidies could add $3,500 to $5,500 a vehicle to pre-tax profits for GM electric vehicles, CFO Paul Jacobson said during a call ahead of a presentation to investors in New York. GM expects pre-tax profits for EVs could reach "low to mid-single digits" in 2025, not including federal subsidies from the Inflation Reduction Act.

With federal subsidies, GM's electric vehicle fleet could... More

General Motors (GM) CEO Barra reiterates EV will be profitable in 2025

General Motors (NYSE: GM) CEO Barra reiterates EV will be profitable in 2025

General Motors (GM) call put ratio 1.7 calls to 1 put into investor day webcast

General Motors (NYSE: GM) November call option implied volatility is at 80, December is at 47; compared to its 52-week range of 29 to 60 into a company hosted investor day webcast. Call put ratio 1.7 calls to 1 put.

General Motors (GM) November option implied volatility elevated into investor day webcast

General Motors (NYSE: GM) November call option implied volatility is at 76, December is at 48; compared to its 52-week range of 29 to 60 into a company hosted investor day webcast today.

Nel and General Motors (GM) Collaborate on Renewable Hydrogen Production

Nel ASA, a subsidiary of the Norwegian Nel Hydrogen, announced Wednesday that they have entered into a joint development agreement with General Motors (NYSE: GM) to help accelerate the industrialization of Nel's proton exchange membrane electrolyzer platform.

"General Motors is one of the global leaders in... More

Morand’s new eTechnology can charge a car in 72-seconds

Morand, a Swiss technology startup, has launched their all-new energy storage solution, the Morand eTechnology. This energy storage technology is a unique hybrid system that combines the characteristics of an ultracapacitor with that of a chemical battery to create a durable and ultra-fast energy pack with the ability to fully recharge a city car in 72 seconds.

The eTechnology packs use innovative hybrid ultracapacitors (HUC) cells from Sech... More

General Motors (GM) call put ratio 1.4 calls to 1 put into investor meeting

General Motors (NYSE: GM) November call option implied volatility is at 69, December is at 44; compared to its 52-week range of 29 to 60 into a company hosted investor day webcast on November 17.

General Motors (GM) option IV increases into investor day

General Motors (NYSE: GM) November call option implied volatility is at 63, December is at 47; compared to its 52-week range of 29 to 60 into a company hosted investor day webcast on November 17.

General Motors (GM) Barra believes GM EVs will be profitable by 2025

Shares of General Motors (NYSE: GM) are up 2.21% in mid-day trading on Tuesday, ahead of the companys November 17th investor day, where CEO Mary Barra plans to tell investors that the company expects its electric-vehicle program to be profitable in 2025.

Mary Barra said on the companys 3Q earnings call, this weeks investor... More

GM's North American battery supply chain is key to EV profits

DETROIT (Reuters) - General Motors Co plans to add more links to its North American battery supply chain, adding to roughly 20 deals so far, in a key strategy to help the Detroit automaker narrow the gap with Tesla Inc in electric vehicle profitability.

GM Chief Executive Mary Barra and other executives are scheduled to brief investors Thursday on the automaker's progress toward scaling up production capacity to deliver 1 million electric vehicles a year in North America by 2025.

Work is underway on new agreements to support higher levels of North American battery production, Sham Kunjur, GM's executive... More

General Motors (GM) November option implied volatility into investor day

General Motors (NYSE: GM) November call option implied volatility is at 58, December is at 43; compared to its 52-week range of 29 to 60 into a company hosted investor day webcast on November 17.