Wedbush impressed at GM investor day; reiterates Outperform

GM Raises 2022 Guidance and Expects North American EV Portfolio to be Profitable in 2025 as Annual Capacity Tops 1 Million

Company outlines key near term performance indicators

NEW YORK, Nov. 17, 2022 /PRNewswire/ -- General Motors Co. (NYSE: GM) expects its rapidly growing portfolio of electric vehicles will be solidly profitable in 2025 in North America as the company scales EV capacity in the region to more than 1 million units annually, ramps up its software revenue opportunities, generates significant greenhouse gas benefits and realizes the positive impacts of new clean energy tax credits,... More

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

TORONTO and DETROIT, Nov. 17, 2022 /PRNewswire/ -- 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... More

Nel ASA and GM Collaborate on Cost Competitive Renewable Hydrogen Production

DETROIT and OSLO, Norway, Nov. 16, 2022 /PRNewswire/ -- Nel Hydrogen US, a subsidiary of Nel ASA (Nel, OSE: NEL), has entered into a joint development agreement with General Motors (NYSE: GM) to help accelerate the industrialization of Nel's proton exchange membrane (PEM) electrolyzer platform. By combining GM's extensive fuel cell expertise and Nel's deep knowledge of electrolyzers, the two companies are looking to enable more cost competitive sources of renewable... More

Nel ASA: Nel and GM collaborate on cost competitive renewable hydrogen production

DETROIT and OSLO, Norway, Nov. 16, 2022 /PRNewswire/ -- Nel Hydrogen US, a subsidiary of Nel ASA (Nel) (OSE: NEL), has entered into a joint development agreement with General Motors (NYSE: GM) to help accelerate the industrialization of Nel's proton exchange membrane (PEM) electrolyser platform. By combining GM's extensive fuel cell expertise and Nel's deep knowledge of electrolysers, the two companies are looking to enable more cost competitive sources of renewable... More