General Motors Co
Here are Goldman Sachs’s top electric vehicle plays for 2023
As investors become increasingly focused on the shift to electric vehicles, Goldman Sachs has a list of stocks aligning with automotive technology trends. Analyst Mark Delaney said he will continue to be “selective” with auto equipment maker names as price and mix will both be headwinds. He also said high interest rates could hurt early […]
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Morgan Stanley’s top auto analyst Jonas sees tough year ahead for EVs, gives his top picks
Another tough year will be in store for electric vehicles and the auto industry more broadly, Morgan Stanley said Wednesday. Analyst Adam Jonas is expecting a “challenging” 2023 for auto earnings on the back of declining demand and deflation – particularly for electric vehicle makers. For the year ahead, Jonas said price mix should fall […]
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Tesla shares have fallen 28% since Elon Musk took over Twitter, lagging other carmakers
In this photo illustration, the image of Elon Musk is displayed on a computer screen and the logo of twitter on a mobile phone in Ankara, Turkiye on October 06, 2022. Muhammed Selim Korkutata | Anadolu Agency | Getty Images Shares in electric vehicle maker Tesla have fallen 28% since October 27 when CEO Elon […]
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5 things to know before the stock market opens Tuesday
Traders work on the floor of the New York Stock Exchange (NYSE), December 7, 2022. Brendan McDermid | Reuters Here are the most important news items that investors need to start their trading day: 1. Taking the economy’s temperature New inflation numbers are in, and while they’re still high, they’re cooling off.Year over year, November’s […]
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Electric Ford F-150 Lightning named MotorTrend’s truck of the year
2022 Ford F-150 Lightning Ford DETROIT – The electric Ford F-150 Lightning on Tuesday was named MotorTrend’s 2023 truck of the year – topping traditional pickups with internal combustion engines from General Motors, Stellantis and Toyota Motor. The prestigious title and accompanying “Golden Caliper” award are highly sought by automakers globally every year. They are […]
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GM, Stellantis rank as worst automakers for fuel efficiency, even amid EV push, EPA says
GMC vehicles sit on display at the Sterling McCall Buick GMC dealership on February 02, 2022 in Houston, Texas. Brandon Bell | Getty Images DETROIT – General Motors may be transitioning to an all-electric future, but its recent vehicle fleet ranked among the least efficient and most polluting in the U.S. automotive industry, according to […]
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Stellantis to indefinitely idle Jeep plant, lay off workers to cut costs for EVs
2016 Jeep Cherokee Sport Source: Jeep DETROIT – Stellantis said Friday that it plans to indefinitely idle a Jeep plant in Illinois, starting early next year, to cut costs as it invests in electric vehicles. The transatlantic automaker, formerly known as Fiat Chrysler, said the plant will cease production as of Feb. 28. The more […]
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GM battery plant workers vote to unionize with UAW, a key win for labor as industry shifts to EVs
Speaking in front of a backdrop of American-made vehicles and a United Auto Workers (UAW) sign, Democratic U.S. presidential nominee and former Vice President Joe Biden speaks about new proposals to protect U.S. jobs during a campaign stop in Warren, Michigan, U.S., September 9, 2020. Leah Millis | Reuters DETROIT — Workers at a General Motors […]
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Here is what America’s top rated CEOs are indicating about a doable economic downturn in 2023
Basic Motors CEO Mary Barra speaks all through a visit of the US president to the General Motors Factory ZERO electrical car or truck assembly plant in Detroit, Michigan on November 17, 2021. Mandel Ngan | AFP | Getty Visuals As 2023 techniques and the prospect of a economic downturn looms, corporate America is getting […]
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GM continues to evaluate Twitter advertising suspension following Musk takeover
General Motors continues to monitor Twitter and evaluate its decision to suspend advertising on the social media platform following Elon Musk’s takeover of the company, CEO Mary Barra told CNBC Tuesday. Barra said that the automaker’s decision to suspend advertising in October was in part an effort to protect its brands but was also influenced […]
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