GM 'moderating the acceleration of EV production', some EVs will be delayed says CEO Barra

General Motors (GM) California DMV puts the brakes on GM's Cruise driverless cars over safety risk

California issued an order to General Motors' (NYSE: GM) Cruise division Tuesday, demanding the removal of its autonomous vehicles from state roads.

The state referred to the vehicles as a potential threat to public safety and accused the company of misrepresenting information about the technology's safety.

The Department of Motor Vehicles (DMV) in California declared the suspension of Cruise's permit for autonomous vehicle deployment and driverless testing, effectively halting the company's testing of the vehicles without safety... More

GM and Honda (HMC) cancel plans to co-develop affordable EVs

Honda Motor (NYSE: HMC) and General Motors (NYSE: GM) announced Wednesday the cancellation of their collaborative efforts to produce budget-friendly electric vehicles (EVs), as confirmed by the Japanese company. This development comes a year after their initial agreement to join forces in an attempt to surpass Tesla (NASDAQ: TSLA) in... More

CFRA Upgrades General Motors (GM) to Hold

CFRA analyst Garrett Nelson upgraded General Motors (NYSE: GM) from Sell to Hold with a price target of $30.00 (from $28.00).

The analyst commented, "We increase our 12-month price target by $2 to $30, based on a '25 P/E of 4.2x, a steep but justified discount to historic averages. We... More

Verizon, 3M, General Electric, Coca-Cola rise premarket; Spotify, Barclays fall

Investing.com -- U.S. futures rose Tuesday, helped by falling bond yields ahead of quarterly earnings from some tech giants later in the session.

Here are some of the biggest premarket U.S. stock movers today:

General Electric (NYSE: GE) stock rose 5.1% after the conglomerate raised its full-year profit forecast on robust demand for jet engine spare parts and services and improved... More

General Motors (GM) beats for Q3 but withdraws 2023 guidance amid ongoing strikes

General Motors (NYSE: GM) gained 1% in early trading Tuesday after topping third-quarter results but the auto giant withdrew 2023 guidance as UAW strike costs continued to mount.

Revenue in the quarter rose 5.4% to $44.131 billion, topping the consensus of $42.62 billion. Adjusted EPS was $2.28, easily beating the consensus... More

GM withdraws 2023 guidance, UAW strikes SUV plant

By Joseph White

DETROIT (Reuters) -General Motors on Tuesday withdrew its 2023 profit outlook just ahead of a new United Auto Workers walkout at one of its most profitable factories.

With the UAW clash throttling revenue and profits, Chief Executive Mary Barra told investors the automaker will slow its electric vehicle strategy to put profits ahead of sales targets.

United Auto Workers President Shawn Fain ordered a walkout at the automaker's Arlington, Texas, factory, which builds highly profitable Cadillac Escalade, Chevrolet Suburban and other large SUVs. The move came less than four hours after GM posted better-than-expected third quarter... More

General Motors (GM) Tops Q3 EPS by 40c

General Motors (NYSE: GM) reported Q3 EPS of $2.28, $0.40 better than the analyst estimate of $1.88. Revenue for the quarter came in at $44.1 billion versus the consensus estimate of $42.62 billion.

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

Microsoft, Alphabet earnings, Bitcoin, PMI data - what's moving markets

Investing.com -- Tech giants Microsoft and Alphabet (NASDAQ: GOOGL) lead the earnings slate later in the session Tuesday, while Bitcoin soared in anticipation of the approval of an ETF in the U.S.. European PMI data pointed to a region heading towards recession, offering the potential for downside surprises in the U.S. equivalent.

The weeks deluge of major tech earnings starts later Tuesday, with results due from both Microsoft and Google-parent Alphabet after the... More

General Motors (GM) Declares $0.09 Quarterly Dividend; 1.2% Yield

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

The dividend will be payable on December 14, 2023, to stockholders of record on December 1, 2023, with an ex-dividend date of November 30, 2023.

The annual yield on the dividend is 1.2 percent.

For a... More

General Motors (GM) metal workers go on strike in Brazil

Workers in the metal industry at General Motors' (NYSE: GM) Brazilian facilities have made the decision to commence a strike beginning next Monday. Their decision to strike stems from their objection to the recent workforce reductions implemented by the U.S.-based automaker in the region.

According to reports from the... More

UAW expands strike against Stellantis, hitting pickup truck plant

By David Shepardson and Joseph White

WASHINGTON/DETROIT -The United Auto Workers (UAW) union went on strike at Chrysler-parent Stellantis's largest assembly plant on Monday, hitting the automaker's profitable RAM 1500 pickup truck production in a major expansion of the more than month-old strike.

The UAW, which is striking the three big Detroit automakers, blamed the latest walkout by 6,800 workers at the Michigan plant on Stellantis having the "worst proposal" on the table on wage increases, temporary worker pay and conversion to full time status as well as cost-of-living adjustments.

More than 40,000 union members working at Ford,... More

UAW Says 6,800 Members At Stellantis (STLA) Sterling Plant Join Strike - Bloomberg

UAW Says 6,800 Members At Stellantis (STLA) Sterling Plant Join Strike - Bloomberg

General Motors (GM) October weekly option implied volatility into quarter results

General Motors (NYSE: GM) October weekly call option implied volatility is at 68, November is at 46; compared to its 52-week range of 21 to 252 into the expected release of quarter results before the bell on October 24.

GM, Ford slip after UAW warns of more walkouts, analysts say deal is close

(Reuters) - Shares of U.S. automakers Ford Motor and General Motors slipped about 1% each in morning trade on Monday after the United Auto Workers (UAW) union warned of more walkouts unless a new labor deal is reached.

UAW President Shawn Fain said on Friday that the automakers had converged on a 23% wage hike, but told members there was "more to be won".

Though Fain... More

General Motors (GM) October weekly 29.50 straddle into quarter results

General Motors (NYSE: GM) October weekly 29.50 straddle is priced for a move of 6% into the expected release of quarter results before the bell on October 24.

General Motors (GM) October weekly 29.50 straddle into quarter results

General Motors (NYSE: GM) October weekly 29.50 straddle is priced for a move of 6% into the expected release of quarter results before the bell on October 24.

GM matches Ford's (F) wage offer to UAW in bid to end strike

General Motors (NYSE: GM), on Friday, increased its proposal to the striking auto workers, matching Fords (NYSE: F) suggested 23% wage increase and additional benefits enhancements, hours before union leader Shawn Fain was set to address the ongoing negotiations.

"We have made... More

UAW presses Detroit automakers for better offer, threatens more walkouts

By Joseph White and Ben Klayman

DETROIT (Reuters) -United Auto Workers President Shawn Fain on Friday warned of more walkouts at U.S. truck and SUV factories unless the Detroit Three automakers improved wage and benefit offers, insisting companies could afford more than the record packages on the table.

"We're striking the Big Three like we've never struck before," Fain said. "These extremely profitable companies have more to give."

After five weeks of strikes, Fain said the UAW had received fresh contract offers from General Motors and Chrysler-parent Stellantis in the past 24 hours. Ford made... More

General Motors (GM) Provides Offer To UAW Workers, Including $40.39 An Hour Wage- Bloomberg

General Motors (NYSE: GM) Provides Offer To UAW Workers, Including $40.39 An Hour Wage- Bloomberg

US EV sales skyrocket in 3Q, China expands reach

According to data released by Cox Automotive, US electric vehicle (EV) sales surged by almost 50% in the 3Q compared to last year, surpassing 300,000 units sold for the first time.

The current market trajectory suggests that the US may witness the sale of over a million EV cars this year, marking a significant milestone in the transition to auto electrification. A notable shift, coupled with Tesla's (NASDAQ:... More

General Motors (GM) October weekly 29 straddle into quarter results

General Motors (NYSE: GM) October weekly 29 straddle is priced for a move of 6% into the expected release of quarter results before the bell on October 24.