General Motors Co
General Motors will lead a $50 million funding round for lithium extraction startup EnergyX
UAW Local 5960 member Kimberly Fuhr inspects a Chevrolet Bolt EV during vehicle production on Thursday, May 6, 2021, at the General Motors Orion Assembly Plant in Orion Township, Michigan. Steve Fecht for Chevrolet General Motors said Tuesday its venture capital arm will lead a $50 million financing round for EnergyX, a Texas-based startup developing […]
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Tesla’s shares are up around 70% this yr. One particular current market professional is bullish — but a further is just not convinced
Shares of electric powered vehicle giant Tesla have risen extra than 70% this 12 months, soon after falling 65% in 2022 in its major-at any time yearly drop. Traders have flocked to the EV darling, with increasing appetite for progress stocks and indications of a rebound in EV desire. But opposition is finding stiffer and […]
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Jeep unveils 2024 Wrangler SUV in next stage of off-road sales battle with Ford Bronco
2024 Jeep Wrangler Rubicon X 4xe Jeep Jeep is updating its flagship Wrangler SUV with more capability, technologies and features as it battles for off-road buyers against Ford’s newer Bronco. The 2024 Jeep Wrangler features an evolutionary exterior design, which is typical for the quintessential SUV, and a redesigned interior that includes additional safety, convenience […]
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JPMorgan lists its prime inventory picks heading into April
JPMorgan refreshed its listing of top stock picks heading into April, such as a lender inventory which is had a rocky commence to the calendar year. Inspite of a series of crises in the banking sector final month, from the failure of Silicon Valley Financial institution to the UBS buyout of Credit score Suisse , […]
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GM overtakes Ford as second best-seller of EVs in U.S. but still trails Tesla by a wide margin
DETROIT – General Motors pulled ahead of Ford Motor to become the country’s second best-seller of all-electric vehicles during the first quarter, trailing only industry leader Tesla. GM on Monday said it sold 20,670 EVs during the first three months of the year. Ford, which was No. 2 last year, reported EV sales Tuesday of […]
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Shares earning the largest moves midday: General Motors, AMC, Virgin Orbit, Kinross Gold and more
In this article CAT K-CA NEM ETSY AMC VORB NOW Observe your beloved stocksDevelop Totally free ACCOUNT Richard Branson’s Virgin Orbit, with a rocket beneath the wing of a modified Boeing 747 jetliner, requires off for a vital drop examination of its superior-altitude start procedure for satellites from Mojave, California, July 10, 2019. Mike Blake […]
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GM says 5,000 salaried workers will take buyouts, expects $1 billion charge in first quarter
A GMC pickup truck is displayed for sale on a lot at a General Motors dealership on January 05, 2023 in Austin, Texas. Brandon Bell | Getty Images DETROIT – About 5,000 white-collar workers at General Motors opted to participate in a buyout program that was announced last month to lower the automaker’s global head […]
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General Motors’ U.S. sales jump 18% in the first quarter
A GMC pickup truck is displayed for sale on a lot at a General Motors dealership on January 05, 2023 in Austin, Texas. Brandon Bell | Getty Images General Motors said Monday that its first-quarter U.S. sales rose 18% from a year ago, to just over 600,000 vehicles delivered, as it continued its rebound from […]
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EVgo shares are surging after fourth-quarter results trounce Wall Street estimates
U.S. Secretary of Transportation Pete Buttigieg looks at an EVgo charging station during an electric vehicles event outside of the Department of Transportation October 20, 2021 in Washington, DC. Drew Angerer | Getty Images EV charging network operator EVgo on Thursday reported fourth-quarter revenue that beat Wall Street expectations and posted a narrower-than-expected loss as […]
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How Ford plans to turn a profit on EVs in under four years
John Lawler, Chief Financial Officer of Ford, rings the opening bell at the New York Stock Exchange (NYSE), March 23, 2023. Brendan McDermid | Reuters Ford Motor disclosed on Thursday that its electric vehicle unit, called Ford Model e, lost $2.1 billion in 2022 — and could lose as much as $3 billion in 2023. […]
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