General Motors Co
Ford CEO says 65% of U.S. dealers agree to sell EVs under company’s investment programs
Ford F-150 Lightning trucks manufactured at the Rouge Electric Vehicle Center in Dearborn Michigan. Courtesy: Ford Motor Co. DETROIT – About 65% of Ford Motor’s dealers have agreed to sell electric vehicles as the company invests billions to expand production and sales of the battery-powered cars and trucks, CEO Jim Farley said Monday. About 1,920 […]
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5 things to know before the stock market opens Monday
Traders work on the floor of the New York Stock Exchange during morning trading on December 2, 2022 in New York City. Michael M. Santiago | Getty Images Here are the most important news items that investors need to start their trading day: 1. Waiting on the Fed The Federal Reserve’s policy makers don’t hold […]
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GM, LG investing $275 million to expand Tennessee EV battery plant
General Motors revealed its all-new modular platform and battery system, Ultium, on March 4, 2020 at its Tech Center campus in Warren, Michigan. Photo by Steve Fecht for General Motors General Motors and LG Energy Solution will spend an additional $275 million in their joint venture battery plant in Tennessee to increase production by more […]
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Ford claims No. 2 spot in EVs behind Tesla – but gap remains wide
Ford F-150 Lightning pickup trucks sit on the production line at the Ford Rouge Electric Vehicle Center on April 26, 2022 in Dearborn, Michigan. Bill Pugliano | Getty Images DETROIT – Ford Motor said Friday that it has achieved CEO Jim Farley’s goal of becoming the second best-selling automaker of electric vehicles in the U.S. […]
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Your next Domino’s delivery may arrive in a GM Chevy Bolt as pizza chain pushes EVs nationally
Domino’s will roll out 800 custom-branded 2023 Chevy Bolt electric vehicles at locations across the U.S. in the coming months. Domino’s Domino’s Pizza will be rolling out a fleet of 2023 Chevy Bolt electric vehicles, 800 of the GM EVs in total across the U.S. in the coming months, as it looks to not only […]
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Hyundai’s best years in the U.S. are set to be tested by the Inflation Reduction Act
Drew Angerer | Getty Images News | Getty Images SAVANNAH, Ga. — Hyundai Motor Group is having its best years ever in the U.S. The South Korean automaker has successfully moved from bargain economy vehicles and dancing hamsters to competing against formidable automakers in the highly profitable American market. The company’s Hyundai, Kia and Genesis […]
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Cramer’s lightning round: AST SpaceMobile is an exciting thing, not a stock
AST SpaceMobile Inc: “It’s an exciting thing, not a stock. I think a stock is a company that makes money and then returns some of that money to you and trades inexpensively, and that one doesn’t qualify.” Cano Health Inc: “What the heck is going on with Cano Health? … The stock is just in […]
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Wall Street is skeptical of GM’s ambitious EV plans
DETROIT – Wall Street is skeptical of General Motors’ plans to produce profitable electric vehicles years ahead of schedule and substantially bring down battery costs amid supply chain problems and broader economic concerns. Following an in-depth investor event Thursday afternoon in New York that outlined its short-term financials and growth plans for EVs – something […]
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GM EV unit BrightDrop expects $1 billion in 2023 revenue, mass production of all-electric delivery vans to start in December
BrightDrop CEO Travis Katz says he’s “charged up” about 2023 and the forecast for the General Motors EV unit to top $1 billion in revenue in 2023. The announcement, tied to General Motors’ investor day on Thursday, is the first time BrightDrop has released revenue numbers. The company did not release revenue data in 2021, […]
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GM expects EV profits to be equivalent to fuel motor vehicles by 2025, a long time in advance of program
Mary Barra, Chair and CEO of the Typical Motors Business (GM), speaks for the duration of the Milken Institute World Conference in Beverly Hills, California, on May perhaps 2, 2022. Patrick T. Fallon | AFP | Getty Photos Basic Motors expects its new electric automobile income to be in-line with common autos and vehicles with […]
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