General Motors (GM) GM’s cruise reaches robotaxi industry’s first labor union agreement
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General Motors (GM) plans employment hike next year despite concerns of EV labor demand
August 7, 2023 2:08 PM EDTOn Friday, General Motors (NYSE: GM) announced its plans to increase employment next year, despite concerns raised by autoworkers regarding the potential reduction in labor demand due to the transition towards electric vehicles. GM's manufacturing chief, Gerald Johnson, confidently stated that he disagrees... More
CFRA cuts GM to Strong Sell as risk of UAW strike grows
August 7, 2023 8:08 AM EDTCFRA downgraded General Motors (NYSE: GM) to a Strong Sell rating (From Hold) and cut their price target on the stock to $28.00 (From $40) as the risk of a UAW strike becomes more likely.
Recent reports indicate that the United Auto Workers union and GM are still significantly distant in their... More
GM and EVgo celebrate 1,000th fast charging station milestone
August 2, 2023 1:06 PM EDTOn Tuesday, General Motors (NYSE: GM) and EV charging firm EVgo (NASDAQ: EVGO) announced the opening of their 1,000th fast charging stall as part of a collaboration that began in 2020 to install 3,250 fast chargers in major metro areas.
The 1,000th stall was opened in a ribbon cutting ceremony held at Woodgrove Festival Shopping Mall in Woodridge, Illinois, a suburb of Chicago. Several representatives from both General... More
GM issues new Takata recall covering over 900 vehicles
August 1, 2023 3:40 PM EDTBy David Shepardson
WASHINGTON (Reuters) - General Motors Co said Tuesday it will recall just over 900 older vehicles worldwide with Takata air bag inflators that could rupture after an incident in Brazil.
The recall covers some 2013 Chevrolet Camaro, Sonic, Volt, and TRAX (Canada-only), and Buick Verano vehicles, including 767 in the U.S., 101 in Canada and 46 in other countries.
The largest U.S. automaker said its Brazil unit in March received an allegation that a 2013... More
Lithium Americas (LAC) Shareholders Approve Plan to Separate into Two Leading Lithium Companies
August 1, 2023 5:22 AM EDTLithium Americas Corp. (NYSE: LAC) is pleased to announce that shareholders have voted in favor of the separation of the Company into Lithium Americas (Argentina) Corp. and a new Lithium Americas Corp. pursuant to a statutory plan of arrangement at the Companys annual general and special meeting of shareholders held today. The Separation was approved by 98.85% of the votes cast by shareholders present or represented by proxy at the Meeting, as well as 98.78% of the votes cast excluding those of such shareholders who are required to be excluded pursuant to Multilateral Instrument... More
BMW Sees FY Automotive EBIT Margin 9% To 10.5%, Saw 8% To 10% - Bloomberg
August 1, 2023 5:14 AM EDTBMW Sees FY Automotive EBIT Margin 9% To 10.5%, Saw 8% To 10% - Bloomberg
... More