General Motors Co
Robotics startup cofounded by Synapse CEO is raising funds with exaggerated promises about GM ties
Essential Points A humanoid robotics startup cofounded by the CEO of bankrupt fintech organization Synapse has canvassed Silicon Valley investors for cash by boasting shut ties and an imminent expenditure from Typical Motors — statements turned down by the automaker. The company, termed Foundation Robotics Labs, is seeking the final $1 million in money for […]
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At Stellantis investor day, cost cuts and China come into focus
Stellantis CEO Carlos Tavares holds a news conference after meeting with unions, in Turin, Italy, March 31, 2022. Massimo Pinca | Reuters DETROIT – Since spearheading a merger to create Stellantis in 2021, CEO Carlos Tavares has been on a cost-cutting mission. That’s beginning to pay dividends for the company and investors. How the trans-Atlantic […]
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Stocks making the biggest moves midday: Affirm, General Motors, Apple and more
Check out the companies making headlines in midday trading. Affirm Holdings – The stock popped nearly 7% following the announcement that its buy now, pay later loans will be embedded into Apple Pay as an option for purchases. U.S. Apple Pay users on iPhones and iPads will be able to use the option later this […]
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GM trims 2024 EV forecast amid slower-than-expected demand
GM’s 2024 Chevrolet Equinox EV during a media launch event for the vehicle in Detroit, May 16, 2024. Michael Wayland / CNBC DETROIT – General Motors is trimming its expected sales and production of all-electric vehicles this year, as U.S. adoption of EVs occurs slower than expected. GM Chief Financial Officer Paul Jacobson said the […]
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Shares generating the biggest moves premarket: Eli Lilly, Normal Motors, Shopify
Look at out the businesses earning headlines before the bell. Eli Lilly — Eli Lilly shares rose 2% right after a panel of Food and drug administration advisors advisable the acceptance of its Alzheimer’s drug acknowledged as donanemab. Standard Motors — The automaker’s inventory added a lot more than 1% immediately after its board approved […]
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GM board approves new $6 billion share buyback authorization
General Motors CEO Mary Barra, center, at the New York Stock Exchange, Nov. 17, 2022. Source: NYSE DETROIT – General Motors on Tuesday announced a new $6 billion stock repurchase authorization has been approved by its board. The new buyback authorization comes as an accelerated $10 billion share repurchase program announced in November 2023 is […]
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5 things to know right before the stock current market opens Monday
Here are five critical points traders need to have to know to start off the buying and selling working day: 1. Nvidia splits Inventory futures slipped Monday early morning immediately after polishing off a winning 7 days on Friday. Dow Jones Industrial Average futures fell by about .2%, while S&P 500 futures and Nasdaq 100 […]
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With EVs, Honda might be North America’s most fully commited automaker, for the instant
The All-New, All-Electric powered Honda Prologue is on display at the 2023 Los Angeles Automobile Demonstrate at the Los Angeles Conference Centre on November 24, 2023 in Los Angeles, California. Whilst lacking a host of brand names, this year’s version of the Los Angeles Vehicle Demonstrate debuted a vary of new models. Josh Lefkowitz | […]
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GM has a secret to help sell its new EVs. It’s Costco
Customers exit a Costco store in Teterboro, New Jersey, June 28, 2023. Kena Betancur | Corbis News | Getty Images DETROIT — General Motors has a not-so-secret weapon when it comes to getting U.S. consumers into its new all-electric vehicles: Costco Wholesale. The Detroit automaker said it’s increasingly using the retail giant’s Costco Auto Program […]
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CEOs of General Motors, Salesforce among the company insiders offering stock final thirty day period
Typical Motors CEO Mary Barra and Salesforce CEO Marc Benioff both of those bought tens of millions of bucks really worth of their individual inventory in the waning days of May possibly, according to securities filings and information compiled by VerityData. Barra bought far more than $27 million worthy of of inventory on May well […]
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