U.S. to impose limitations on Chinese battery content for EV tax credits

Mopar Shares Holiday Gift Ideas for Auto Enthusiasts

December 1, 2023 10:00 AM EST

AUBURN HILLS, Mich., Dec. 1, 2023 /PRNewswire/ --

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GM Defense Awarded U.S. Department of State Contract for Next Generation Armored Heavy-Duty Sport Utility Vehicles

November 30, 2023 8:30 AM EST

Award comes as GM Defense delivers OEM integrated vehicles under development contract

WASHINGTON, Nov. 30, 2023 /PRNewswire/ -- The U.S. Department of State has awarded GM Defense LLC, a subsidiary of General Motors (GM), a 10-year Indefinite Delivery Indefinite Quantity (IDIQ) full-rate production contract to deliver the next generation Heavy-Duty armored Sport Utility... More

Ford Provides Guidance for Full-Year 2023 Operating Results; CFO Lawler Today Will Reiterate Ford+ is ‘Right Strategy to Win’

November 30, 2023 6:45 AM EST

After withdrawing guidance amid UAW strike, Ford now expects full-year adjusted EBIT of $10.0 billion to $10.5 billion, adjusted free cash flow of between $5.0 billion and $5.5 billion Though affected U.S. operations have been restarted, guidance reflects effects of strike-related manufacturing disruptions on wholesales and revenue At Barclays event today, John Lawler will describe underlying business strength, show how customer-centered Ford+ plan and talented team are creating more vibrancy, less cyclicality

DEARBORN, Mich.--(BUSINESS WIRE)-- Ford has a new, post-strike outlook for full-year 2023 operating results and absolute confidence in and... More

Stellantis Announces Executive Changes in North America

November 29, 2023 4:00 PM EST

AUBURN HILLS, Mich., Nov. 29, 2023 /PRNewswire/ -- Stellantis North America today named two executives to key roles in support of the Jeep brand as the region prepares for its electric offensive in 2024. Both moves are effective December 1.

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Alfa Romeo Tonale Named 2024 Green SUV of the Year by Green Car Journal

November 29, 2023 10:00 AM EST

AUBURN HILLS, Mich., Nov. 29, 2023 /PRNewswire/ --

All-new Alfa Romeo Tonale C-SUV... More

GM Reinstates 2023 Earnings Guidance and Announces a $10 Billion Accelerated Share Repurchase Program and 33% Dividend Increase Starting in 2024

November 29, 2023 6:30 AM EST

DETROIT, Nov. 29, 2023 /PRNewswire/ -- General Motors Co. (NYSE: GM) announced today it is reinstating its full-year 2023 earnings guidance. In addition, the company announced a $10 billion accelerated share repurchase (ASR) program and its intention to increase its common stock dividend by 33% beginning with the January 2024 declaration.

"GM will deliver very strong profits in 2023 thanks to an exceptional portfolio of vehicles that... More