General Motors (GM) teams with Netflix (NFLX) to promote EVs on screen

GM (GM) and Netflix (NFLX) Partner to Give EVs the Stage they Deserve

February 2, 2023 9:04 AM EST

General Motors and Netflix are joining forces to give electric vehicles (EVs) the stage they deserve, reflecting societys increasing excitement about an all-electric future, starting with a launch spot, EVs On Screen.

In 2021, GM launched the Everybody In campaign, demonstrating the companys intent to lead an all-electric future, and invited others to join the movement. GM is electrifying the automotive industry, engineering EVs with purpose-built, ground-up design, powered by the Ultium Platform, enabling EVs for everyone.

Netflix is joining the movement and will increase the presence of EVs in Netflix-produced shows and films, where relevant, while also taking... More

Netflix to feature electric cars from GM and others in programming

February 2, 2023 9:03 AM EST

LOS ANGELES (Reuters) -Netflix Inc has unveiled a new star for some of its upcoming programming: electric vehicles from General Motors and other automakers.

The streaming service announced an agreement on Thursday to feature vehicles including the Chevrolet Bolt, the electric GMC Hummer pickup and the Cadillac... More

General Motors (GM) PT Raised to $46 at RBC Capital

February 1, 2023 2:15 PM EST

RBC Capital analyst Joseph Spak raised the price target on General Motors (NYSE: GM) to $46.00 (from $44.00) while maintaining a Outperform rating.... More

General Motors (GM) Declares $0.09 Quarterly Dividend; 0.9% Yield

February 1, 2023 11:00 AM EST

General Motors (NYSE: GM) declared a quarterly dividend of $0.09 per share, or $0.36 annualized.

The dividend will be payable on March 16, 2023, to stockholders of record on March 3, 2023, with an ex-dividend date of March 2, 2023.

The annual yield on the dividend is 0.9 percent.

For a... More

Netflix (NFLX) Tells Advertisers Sign-Ups to Ad Tier Doubled in January - The Information

February 1, 2023 10:05 AM EST

Netflix (NASDAQ: NFLX) Tells Advertisers Sign-Ups to Ad Tier Doubled in January - The Information

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Peloton surges as Q3 outlook offers hope, others point to 'eroding' subscriber quality

February 1, 2023 9:46 AM EST

(Updated - February 1, 2023 12:28 PM EST)

By Scott Kanowsky

Peloton Interactive Inc (NASDAQ: PTON) shares gained 17% intra-day Wednesday after the company reported second-quarter results that beat on the top-line and unveiled a third-quarter revenue forecast that was largely stronger than anticipated, as Chief Executive Officer Barry McCarthy aims for an "epic comeback" for the connected fitness company after a protracted era of restructuring. While investors are cheering the less dismal outlook and more upbeat comments, others have... More

General Motors (GM) PT Raised to $82 at Citi

February 1, 2023 7:16 AM EST

Citi analyst Itay Michaeli raised the price target on General Motors (NYSE: GM) to $82.00 (from $81.00) while maintaining a Buy rating.... More

General Motors (GM) PT Raised to $36 at Deutsche Bank

February 1, 2023 6:07 AM EST

Deutsche Bank analyst Emmanuel Rosner raised the price target on General Motors (NYSE: GM) to $36.00 (from $33.00) while maintaining a Hold rating.... More

General Motors (GM) PT Raised to $35 at Morgan Stanley

February 1, 2023 5:35 AM EST

Morgan Stanley analyst Adam Jonas raised the price target on General Motors (NYSE: GM) to $35.00 (from $32.00) while maintaining a Equalweight rating.... More

Active options: GM LCID SOFI PFE AMC XOM CNVA INTC COIN CAT

February 1, 2023 4:48 AM EST

Active options: META GM LCID SOFI PFE AMC XOM CNVA INTC COIN CAT

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S&P 500 rallies as GM shines on earnings stage to bolster consumer stocks

January 31, 2023 3:20 PM EST

By Yasin Ebrahim

Investing.com -- The S&P 500 rose Tuesday, remaining on course to notch its best month since January as investors weighed up a slew of mostly better-than-expected results just as the Federal Reserve kicked of its two-day meeting.

The S&P 500 rose 1% taking its gains to more than 5% for the month. The Dow Jones Industrial Average gained 0.66%, or 224 points, and the Nasdaq Composite was up 1.7%.

Consumer discretionary stocks led the market higher, led by a General-Motors-inspired surge in automakers.

General Motors (NYSE: GM) rallied... More

Midday movers: General Motors, McDonald's, Pfizer and more

January 31, 2023 1:43 PM EST

By Liz Moyer

Investing.com -- Stocks were moving higher as tech stocks led the gains, aiming to close out January on a high note. Here are the midday movers for Jan. 31.

General Motors Company (NYSE:... More

Analysis-GM goes slow on EVs as rivals fight a price war

January 31, 2023 11:14 AM EST

By Joseph White and Paul Lienert

DETROIT (Reuters) - General Motors Chief Executive Mary Barra is betting that moving more slowly than Tesla or Ford to accelerate electric vehicle production for North America will be more profitable in the long run.

Suppliers familiar with GM's production plans through 2025 support the notion the automaker continues to slow-walk electric vehicle investment and output while it continues to bank money from its big combustion-engine pickups and SUVs.

GM plans to build just 170,000 EVs at its plants in the U.S., Canada and Mexico in 2023, and 285,000 in 2024, according to data gathered by... More

Pfizer, McDonald's fall in premarket, International Paper, UPS jump

January 31, 2023 9:26 AM EST

By Geoffrey Smith

Investing.com -- Stocks in focus in premarket trading on Tuesday, 31st January. Please refresh for updates.

Pfizer (NYSE: PFE) stock fell 3.0% after the pharma giant forecast a sharp drop in sales and earnings this year as demand for its COVID-19 vaccine Comirnaty and antiviral drug Paxlovid slow. The companys forecasts assume no sales of Paxlovid in China after... More

Strong EV demand helps General Motors top Q4 income estimates

January 31, 2023 7:30 AM EST

(Updated - January 31, 2023 9:09 AM EST)

By Scott Kanowsky and Senad Karaahmetovic

Investing.com -- General Motors Company (NYSE: GM) reported fourth-quarter income that beat estimates and unveiled stronger-than-expected 2023 earnings projections, as the U.S. carmaker was boosted by electric car demand and easing supply chain constraints.

Adjusted earnings per share rose to $2.12 in the three-month period ended on December 31, up from $1.35 in the corresponding timeframe in 2021 and topping analysts' predictions of $1.68. Adjusted... More

GM to help Lithium Americas develop Nevada's Thacker Pass mine

January 31, 2023 6:55 AM EST

By Ernest Scheyder

(Reuters) -General Motors Co will invest $650 million in Lithium Americas Corp and help it develop Nevada's Thacker Pass lithium mining project, which holds enough of the battery metal to build 1 million electric vehicles annually.

The deal, announced Tuesday, is the latest by an automaker to lock up supply of the key metal as industry rushes to go green. It gives Lithium Americas a major partner as it tries to develop North America's largest lithium mine, which is mired in a long-running court case.

Shares of Lithium Americas rose more than 14% to close Monday... More

GM shoves aside recession fears with robust 2023 forecast

January 31, 2023 6:42 AM EST

By Paul Lienert and Joseph White

DETROIT (Reuters) - General Motors Co shares jumped early on Tuesday after it reported higher net income for the fourth quarter, forecast stronger-than-expected earnings for 2023 and said it would cut $2 billion in costs.

The automaker, the top in the United States by sales, forecast that it could hold its pre-tax margins steady between 8% and 10% through 2025, despite a price war that Tesla Inc has triggered in the electric vehicle segment.

GM shares opened up 7.1%.

GM plans to build only about 400,000 electric vehicles in North America between now and the first half... More

General Motors (GM) Tops Q4 EPS by 53c, Revenues Beat

January 31, 2023 6:33 AM EST

General Motors (NYSE: GM) reported Q4 EPS of $2.21, $0.53 better than the analyst estimate of $1.68. Revenue for the quarter came in at $43.1 billion versus the consensus estimate of $40.04 billion.

For earnings history and earnings-related data on General Motors (GM) click here.

... More

General Motors (GM) Invests $650M in Lithium Americas (LAC), Enters Supply Agreement

January 31, 2023 6:31 AM EST

General Motors Co. (NYSE: GM) and Lithium Americas Corp. (NYSE: LAC) announced today they will jointly invest to develop the Thacker Pass mine in Nevada, which is the largest known source of lithium in the United States and the third largest in the world.

Under the agreement, GM will make a $650 million equity investment in Lithium Americas, which represents the largest-ever investment by an automaker to produce battery raw materials. Lithium Americas estimates the lithium extracted and processed from the project can support production... More