GM’s Cruise faces $1.5M fine for 'misleading' commission over vehicle accident

U.S. House votes to pause Biden EV regulations

The Republican-led House of Representatives, on Wednesday, voted to prevent the Biden administration from implementing strict regulations on vehicle emissions, which aimed to have 67% of new vehicles powered by electricity by 2032.

"While EVs may play a large role in the future of the auto industry, Washington should not discount other technologies like... More

General Motors (GM) joins with Autocar Industries to build heavy-duty hydrogen vehicles

General Motors (NYSE: GM) and Autocar Industries announced Thursday that the two companys have agreed to collaborate on creating hydrogen-fueled heavy vehicles utilizing GM's fuel cell unit, Hydrotec.

These innovative vehicles, aiming for zero emissions, will replace conventional diesel-powered models like cement mixers, dump trucks, refuse trucks, road maintenance... More

Over 1,000 VW workers sign union cards in Tennessee

The United Auto Workers (UAW) union revealed Thursday that more than 1,000 Volkswagen factory workers at the automakers Chattanooga, Tennessee assembly plant have signed union authorization cards.

The news follows an announcement last week where the union said that they would launch a first-of-its-kind push to publicly organize the entire nonunion auto sector in the U.S. A push energized by record contract negotiations with the Detroit Three automakers.

The UAW said last week that when 30% of employees in a nonunionized facility sign cards expressing their... More

Deutche Bank releases their top auto picks for 2024

Deutsche Bank recently unveiled its top selections in the automotive sector for 2024, reflecting a mixed year with positive strides and persistent challenges. Despite the positive momentum in volume recovery and encouraging trends in EV adoption, the industry faced hurdles such as the enduring impact of a lengthy UAW strike and fluctuating EV adoption rates due to pricing uncertainties and tax credit fluctuations.

The analysts at Deutsche Bank are cautious about the upcoming year, citing uncertainties in the economic outlook for both Europe and the US. They anticipate a scenario where global automotive volumes either plateau or decline, offering... More

Pilot Travel Centers LLC, General Motors (GM) and EVgo (EVGO) Make Convenient, Accessible Charging a Reality with Opening of First Stations in Coast-to-Coast EV Charging Network

Pilot Travel Centers LLC, General Motors (NYSE: GM) and EVgo Inc. (NASDAQ: EVGO) today announced the opening of the first 17 locations of their previously announced national electric vehicle fast charging network. Now available in 13 states, the network features an elevated charging... More

Who should buy Renault?

Purchasing Renault at its 10 billion market cap would essentially pay for itself. With the company boasting 7 billion in net cash and a Nissan stake valued at 6.6 billion, these assets alone exceed what any potential buyer would require to justify the current market price.

Comparatively, both Stellantis (NYSE: STLA) and Volkswagen hold reserves far exceeding the value of Renault on their balance sheets. In fact, Renault itself possesses enough financial power to buy itself and transition into a private entity. This situation highlights two critical concerns: firstly, the underestimation of long-term risks in the automotive... More

Mizuho upgrades GM to Buy following cost cuts and a production reset

Mizuho upgraded General Motors (NYSE: GM) to a Buy rating (From Neutral) and raised their 12-month price target on the stock to $42.00 (From $38.00) as sentiment on the Detroit automaker is at a low point given a weak consumer, 25% UAW wage hikes, Cruise and EV... More

Midday movers: Uber, Spotify and more

(Updated - December 4, 2023 12:11 PM EST)

Investing.com -- Main U.S. indexes were lower on Monday, with Nasdaq leading the Dow and the S&P 500 amid broad weakness in megacap tech. Investors were cautious ahead of economic data later this week, including the November payroll report on Friday.

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

Alaska Air (NYSE: ALK) stock slumped 15% after the carrier agreed to acquire... More

General Motors (GM) PT Raised to $95 at Citi

Citi analyst Itay Michaeli raised the price target on General Motors (NYSE: GM) to $95.00 (from $90.00) while maintaining a Buy rating.... More

HSBC Starts General Motors (GM) at Buy

(Updated - December 4, 2023 4:43 AM EST)

HSBC analyst Wesley Brooks initiates coverage on General Motors (NYSE: GM) with a Buy rating and a price target of $41.30.

The analyst comments "The shares are down 22% in c5 months on concerns about the UAW... More

Mizuho Securities Upgrades General Motors (GM) to Buy, 'Production Restart, Cost and Shareholder Focus'

(Updated - December 4, 2023 4:23 AM EST)

Mizuho Securities analyst Vijay Rakesh upgraded General Motors (NYSE: GM) from Neutral to Buy with a price target of $42.00 (from $38.00).

The analyst comments "We are Upgrading GM from Neutral to Buy-$42 PT. Why now?... More

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

U.S. President Joe Biden and his administration released guidance on Friday that will impose restrictions on Chinese content allowed in batteries qualifying for electric vehicle (EV) tax credits beginning next year.

In a victory for automakers, the U.S. Treasury is set to provide a temporary exemption for certain essential trace minerals from recently imposed stringent regulations that restrict materials originating from China and other nations labeled as "Foreign Entity of Concern"... More

NHTSA opens investigation into GM’s Chevy Volt over sudden loss of power

The National Highway Traffic Safety Administration (NHTSA) announced Friday that the U.S. auto safety regulator is opening an investigative probe into 73K Chevrolet Volt plug-in hybrid cars.

The investigation stems from consumer reports of sudden loss of power, failures to restart and other issues.

The NHTSA said it was opening the preliminary evaluation concerning the 2016 to 2019 Chevrolet Volt models due to 61... More

US opens probe into 73,000 Chevrolet Volt cars over loss of power

By David Shepardson

WASHINGTON (Reuters) -A U.S. auto safety regulator said on Friday it is opening an investigation into 73,000 Chevrolet Volt plug-in hybrid cars over reports of abrupt loss of power, failures to restart and other issues.

The National Highway Traffic Safety Administration said it was opening the preliminary evaluation into the 2016 through 2019 model year Chevrolet Volt after 61 complaints tied to the battery energy control module (BECM). Some complaints reported... More

General Motors (GM) PT Raised to $54 at RBC Capital

RBC Capital analyst Joseph Spak raised the price target on General Motors (NYSE: GM) to $54.00 (from $48.00) while maintaining a Outperform rating.... More