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The Latest Breaking News from General Motors

General Motors Stock Surges As Earnings Blast Street Forecasts; Sees Robust 2023 Profits

GM blasted Street profit forecasts with adjusted earnings of $2.12 per share on revenues of $43.1 billion.

The Street

GMC Hummer EV SUV Enters Production, Deliveries To Start In Spring

General Motors has started production of the much-anticipated 2024 GMC Hummer EV SUV at the brand’s Hamtramck Assembly plant in Detroit, better known as Factory Zero.

InsideEVs

GM Earnings Snuff Views As GM Invests $650 Million In U.S. Lithium Mine

GM earnings sent shares sharply higher Tuesday, and a new investment in a Nevada mine locks down EV lithium supplies.

Investors Business Daily

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Andretti only new team to express interest to FIA in joining F1 grid

Andretti is the only potential new Formula 1 entrant to have expressed an interest to the FIA in joining the grid, according to Mohammed Ben Sulayem.

Motorsport

Rumor: General Motors Might Also Use Cylindrical Battery Cells

General Motors, which is currently scaling-up its electrification efforts using its new Ultium platform, might make a major move related to batteries.

InsideEVs

The Next Big Electric Vehicle For General Motors Coming Soon For Affordability For Customers

One of the leading traditional automakers is working to transition to electric vehicles with plans for more than 30 models.

Zenger

Michael Andretti announces fresh plan for new racing team amid F1 entry resistance

After being met by so much resistance by current F1 teams regarding his plans to join the sport, Andretti will be hoping his latest project will be more warmly received

Daily Mirror

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2023 Cadillac Escalade Makes 650 HP With Hennessey Supercharger Tune

The luxury SUV can complete the quarter-mile in 13.5 seconds.

Motor1

GM Mulling Sub-$30K Small Electric Pickup, Shows Prototype To Media

The name, brand or production timeline for the mini truck are being kept under wraps, but GM said it plans to rely heavily on customer feedback.

InsideEVs

Tesla Cuts Prices For Their Lower End Models To Compete With Other U.S. & European Competitors

Tesla Price Cuts Are Right Medicine At The Right Time & how 'Strategic Poker Move' Could Lift EV Maker's Global Sales By 12%-15%.

Zenger

Toto Wolff finally breaks silence on Andretti-Cadillac deal and hints at F1 U-turn

Mercedes team principal Wolff, who has been critical of the idea of Andretti Autosport joining the F1 grid in the past, has given his verdict on the deal with General Motors

Daily Mirror

3 burning questions about Tesla’s aggressive EV price cuts

The electric automaker’s major reductions will help clarify the electric vehicle market and reveal interest in self-driving software.

Fortune

Tesla Stock Drops As EV Giant Slashes U.S., European Prices

The EV giant slashed Model 3 and Model Y prices, making more eligible for U.S. tax credits. Tesla stock dropped while GM and other rivals fell.

Investors Business Daily

Cadillac not put off by lukewarm F1 reaction to Andretti entry plans

Cadillac has not been deterred by the lukewarm response to its Formula 1 entry plans with Andretti and remains “super excited” about the possibility of joining the grid.

Motorsport

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Sports Illustrated

Andretti on F1 Teams’ Backlash of American Bid: ‘It’s All About Greed’

Andretti Global and General Motors announced their F1 entry bid plans under Cadillac, which was met with ‘adverse reaction,’ per the FIA president.

Evening Standard

F1: Michael Andretti slams “greedy” owners’ over response to new American team proposal

Michael Andretti labelled Formula One team owners “greedy” and claimed them putting their self interest ahead of the sport was the reason for the tepid reaction to his bid to bring an all-American team to the series.

The Street

GM Joins Forces With Tesla Against the Government

The Lyriq SUV, Cadillac's first-ever electric vehicle, is excluded from federal tax credits.

Autosport

Why F1 and teams are still not impressed by Andretti’s entry plans

When Michael Andretti announced his tie-up with General Motors to launch a new Formula 1 team, he was adamant that it would convince the sport to welcome him.

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The Street

Iconic Brand Shakes Up the Electric Pickup Market

Ram is entering the electric vehicle market behind its competitors.

Reason

Is There a Future for the City of Tomorrow?

The consequences of our obsession with urban dystopias and utopias

The Street

Truck Maker Ram Joins the Electric Pickup War

The pickup/truck giant is entering the electric vehicle market behind its competitors.

StockNews.com

Honda, General Motors, and 1 Other Auto Stock to Buy Over Tesla

The automobile industry is positioned for long-term growth, bolstered by the increasing integration of digital technologies. Therefore, investors could consider buying quality auto stocks, Volkswagen AG (VWAGY), General Motors (GM), and Honda Motor Company (HMC). We think these stocks could be bought over Tesla (TSLA), which trades at a lofty…

Tribune News Service

Feds list electric vehicles eligible under new $7,500 tax credit program. Do you, and your dream EV, qualify?

The latest federal program to encourage electric vehicle purchases kicked off with the new year, offering the single largest financial boost available to buyers — a $7,500 tax credit — in hopes of cutting the use of fossil fuels.

InsideEVs

US: General Motors Plug-In Car Sales Hit A New Record In Q4 2022

In the last quarter, GM improved its battery electric vehicles (BEV) sales in the US with another record result. In total, the company delivered 16,266 BEVs.

Motor1

Best-Selling Cars, Trucks, And SUVs In The US For 2022

Sales were largely down for automakers in 2022 due to supply chain shortages.

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