GM offers $7,500 incentive for EVs losing US tax credit
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Wolfe upgrades General Motors (GM) on favorable risk/reward
January 4, 2024 9:42 AM ESTWolfe Research upgraded General Motors (NYSE: GM) to an Outperform rating (From Peer Perform) and set a 12-month price target on the stock at $42.00 as analysts believe investors have underestimated the earnings and cash flow power that GM will generate over the near- to medium-term.
Wolfe believes that considering GM's cash deployment strategy, it's improbable for the company's shares to stay at their... More
GM provides $7,500 incentive to offset Tax Credit loss for EVs
January 3, 2024 3:28 PM ESTGeneral Motors (NYSE: GM) announced Wednesday that the company will be offering incentives of $7,500 on its electric vehicles, despite the recent loss of a U.S. government tax credit.
The Treasury released guidelines in December outlining fresh requirements for battery sourcing, with the goal of reducing reliance on China within the U.S. EV supply chain. These guidelines became effective this Monday.
GM informed its dealers that it would provide the equivalent EV tax... More
