GM, Honda venture launch commercial production of fuel cell power system

GM dealers pressure automaker to introduce more hybrid options

January 29, 2024 12:19 PM EST

In an exclusive story by The Wall Street Journal Monday, a General Motors (NYSE: GM) advisory committee, made up of influential auto dealers, is pressuring the Detroit automaker to introduce additional hybrid models.

The Dealers worry that without more hybrid options they risk losing customers looking for a slower transition to fully electric vehicles.

According to unnamed sources, the committee has held several meetings where the dealers urged General Motors to add hybrids to its lineup. In recent years, GM has directed its attention toward fully electric vehicles,... More

General Motors (GM) option IV steady into expected release of quarter results on January 30

January 25, 2024 10:43 AM EST

General Motors (NYSE: GM) 30-day option implied volatility is at 34; compared to its 52-week range of 26 to 46 into expected release of quarter results on January 30.

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Honda, GM fuel cell venture launches commercial production

January 25, 2024 9:11 AM EST

By Joseph White

BROWNSTOWN, Michigan (Reuters) - General Motors and Honda have begun shipping fuel cell power systems to customers from a factory near Detroit, they said on Thursday, a new test of whether hydrogen power technology can achieve mass-market success.

Initial production of fuel cell power units will be relatively small, with Honda executive Jay Joseph saying at an event on Wednesday that his company is aiming to deliver 2,000 fuel cell power units annually by the middle of this decade.

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Stocks expected to have increasing option volume: HTZ CAR GM F STLA TM HMC RACE RIVN TSLA

January 25, 2024 5:59 AM EST

Stocks expected to have increasing option volume: HTZ CAR GM F STLA TM HMC RACE RIVN TSLA

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Chinese EV stocks slide as Tesla Q4 results highlight demand fears

January 25, 2024 4:55 AM EST

Investing.com-- Shares of major Chinese electric vehicle makers fell sharply on Thursday as weaker-than-expected fourth-quarter earnings from Tesla Inc (NASDAQ: TSLA) ramped up concerns over a slowdown in global demand.

A warning from Tesla CEO Elon Musk- that Chinese EV makers would demolish their foreign rivals without trade barriers, also fed into fears of eventual export restrictions on the sector.

Hong Kong shares of Chinese EV makers NIO Inc (HK:9866), Li Auto... More

GM to invest $1.4 billion in Brazil by 2028

January 24, 2024 1:00 PM EST

SAO PAULO (Reuters) -General Motors is set to invest 7 billion reais ($1.42 billion) in Brazil between this year and 2028, the company said on Wednesday, in a bid to boost "sustainable mobility".

The sum will fund a "complete renewal" of the automaker's vehicle portfolio in Latin America's largest economy and will help develop technologies and create new businesses, GM said in a statement.

The automaker did not provide a forecast... More

General Motors (GM) PT Raised to $44 at Barclays

January 24, 2024 3:19 AM EST

Barclays analyst Dan Levy raised the price target on General Motors (NYSE: GM) to $44.00 (from $37.00) while maintaining a Overweight rating.... More

Redburn Starts General Motors (GM) at Neutral

January 24, 2024 2:59 AM EST

Redburn analyst Adrian Yanoshik initiates coverage on General Motors (NYSE: GM) with a Neutral rating and a price target of $40.00.

For an analyst ratings summary and ratings history on General Motors click here. For more ratings news on General Motors click here.

Shares of General Motors closed at $35.23 yesterday.

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