GM dealers pressure automaker to introduce more hybrid options
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GM surges as CEO promises greater shareholder returns
January 30, 2024 11:56 AM ESTShares of General Motors (NYSE: GM) jumped nearly 9% in early trading Tuesday after management revealed an upbeat outlook for 2024 and signaled that more capital will be returned to shareholders.
GM CEO Marry Barra highlighted strategies aimed at giving back cash to shareholders, such as a $12 billion allocation in 2023 through a $10 billion share buyback and a 33% dividend... More
Dealers Have Been Pressing GM (GM) to Add Hybrids to U.S. Lineup - WSJ
January 29, 2024 11:22 AM ESTDealers Have Been Pressing GM (GM) to Add Hybrids to U.S. Lineup - WSJ
GM Dealers on Advisory Committees Want Hybrids as a Hedge to the Company's EV Strategy... MoreGeneral Motors (GM) February weekly option implied volatility elevated into quarter results
January 29, 2024 10:43 AM ESTGeneral Motors (NYSE: GM) February weekly call option implied volatility is at 60, February is at 39; compared to its 52-week range of 26 to 46 into the expected release of quarter results before the bell on January 30.
General Motors (GM) February weekly 35 straddle into quarter results
January 29, 2024 3:59 AM ESTGeneral Motors (NYSE: GM) February weekly 35 straddle priced for a move of 5.5% into the expected release of quarter results before the bell on January 30.
... MoreGeneral Motors (GM) option IV after Tesla (TSLA) results
January 26, 2024 5:19 AM ESTGeneral Motors (NYSE: GM) 30-day option implied volatility is at 35; compared to its 52-week range of 26 to 46 into expected release of quarter results on January 30.
... MoreGM Cruise robotaxi unit faces US probes over dragging incident, vows reforms
January 25, 2024 3:03 PM ESTBy Greg Bensinger and David Shepardson
SAN FRANCISCO/WASHINGTON (Reuters) -GM's Cruise self-driving car unit on Thursday revealed probes by the U.S. Justice Department and Securities and Exchange Commission stemming from an October accident in which one of its robotaxis struck a pedestrian and dragged her 20 feet.
Cruise reported the government investigations in a blog post in which the company also vowed to reform its culture stemming from a "failure of leadership" around the incident. One expert said the actions that Cruise took immediately after the accident were "egregious."
The new probes and disclosures about... More
GM's (GM) Cruise Self-driving Unit Discloses Inquiries By DOJ, SEC - Bloomberg
January 25, 2024 3:01 PM ESTGM's Cruise Self-driving Unit Discloses Inquiries By DOJ, SEC - Bloomberg
... MoreGM, Honda venture launch commercial production of fuel cell power system
January 25, 2024 2:12 PM ESTDetroits General Motors (NYSE: GM) announced alongside Honda (NYSE: HMC) on Thursday that they have initiated the shipment of fuel cell power systems to customers from a factory near Detroit, marking a new exploration into the potential mass-market success of hydrogen power technology.
The initial production of fuel cell power units will be relatively modest, with Honda executive Jay Joseph... More
General Motors (GM) option IV steady into expected release of quarter results on January 30
January 25, 2024 10:43 AM ESTGeneral 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.
... MoreHonda, GM fuel cell venture launches commercial production
January 25, 2024 9:11 AM ESTBy 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.
... MoreStocks expected to have increasing option volume: HTZ CAR GM F STLA TM HMC RACE RIVN TSLA
January 25, 2024 5:59 AM ESTStocks expected to have increasing option volume: HTZ CAR GM F STLA TM HMC RACE RIVN TSLA
... MoreChinese EV stocks slide as Tesla Q4 results highlight demand fears
January 25, 2024 4:55 AM ESTInvesting.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
