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The Latest Breaking News from GM

GM hourly workers to get biggest profit-sharing checks ever, over $12,000

General Motors Co. will deliver its largest profit-sharing payouts ever to employees next month ― up to $12,750 this year to about 42,300 eligible hourly workers, according to the company's financial results released Tuesday.

Tribune News Service

GM says fourth battery plant 'very much on track,' envisions others

General Motors Co. is still planning a fourth battery plant and even more beyond that despite the reported breakup with supplier and partner LG Energy Solution.

Tribune News Service

GM And Lithium Americas Strike $650 Million Investment Agreement

As GM moves forward with a full portfolio of EVs to overtake Tesla, it has secured a major domestic stake in lithium for its batteries.

InsideEVs

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GM reports nearly $10 billion in profit in 2022 despite headwinds

General Motors Co. booked $9.9 billion in net income last year, down from 2021's $10 billion despite chronic supply chain woes, rising interest rates and a slowing economy.

Tribune News Service

The Hummer EV's Massive Battery Pack Limits Production: GMC VP

GMC global VP Duncan Aldred said GM has the choice of building one Hummer or two other EVs from its stable of products using the same amount of battery cells.

InsideEVs

GM profits rise after record quarter in North America

New York (AFP) - General Motors rode a strong performance in North America to higher fourth-quarter profits and said Tuesday that an easing in logistics problems has helped brighten its outlook for 2023.

AFP

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

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GMC Hummer EV's Big Battery Pack A "Limiting Factor" For Production

GM's Factory Zero has plenty of capacity for Hummer production, but one Humvee battery is nearly enough for two mass-market EVs.

Motor1

First 2024 GMC Hummer EV SUV Sells For $500,000 At Auction

Production of the Hummer EV SUV begins today at GM's Factory ZERO Detroit-Hamtramck Assembly; reservations of the Edition 1 SUV are currently full.

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

Bourdais “surprised” Cadillac was beaten on pace in Rolex 24

Chip Ganassi Racing ace Sebastien Bourdais has expressed surprise that the Acura ARX-06 outperformed the similarly new Cadillac V-LMDh around Daytona.

Motorsport

Elon Musk Jokes He's an Alien

Tesla CEO suggests he's from Mars.

The Street

Elon Musk Meets With Biden Administration To Discuss EV Strategy

Elon Musk has met with two top Biden administration officials to discuss shared EV goals.

InsideEVs

1 Auto Stock to Buy for 2023 and 1 to Avoid Like the Plague

While macroeconomic headwinds affected the auto industry last year, growing vehicle demand and increased EV adoption are expected to boost the industry’s growth in the long run. Hence, investing in fundamentally strong auto stock General Motors (GM) could be wise. However, Mullen Automotive (MULN) might be avoided due to its…

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Autosport

Ford: F1’s boom means it "requires consideration"

Ford’s motorsport boss says it would be remiss of the American car giant not to be considering a Formula 1 return amid the series' rapid growth in the United States.

Miami Herald

Ex-chief of Venezuela’s highest court charged with diverting millions in bribes to Miami

MIAMI —The former chief of Venezuela’s highest court was indicted Thursday in Miami federal court on charges of granting legal favors in exchange for bribery payments that he diverted through local bank accounts and spent on chartered private jets, expensive watches, luxury goods and real estate in South Florida.

Autosport

Supercars details engine lottery for teams in Gen3

Supercars has detailed its random engine allocation to both the Ford and GM teams as part of the new Gen3 regulations.

Motorsport

Supercars details engine lottery

Supercars has detailed its random engine allocation to both the Ford and GM teams as part of the new Gen3 regulations.

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The Street

Tesla Confirms It Will Start Producing the Cybertruck This Year

Elon Musk's first-ever pickup/truck is highly anticipated by consumers and competitors.

Motor1

Ford BlueCruise, GM Super Cruise Rank Highest In Consumer Reports ADA Test

Tesla Autopilot tumbles to seventh spot in this comparison of active driver assist systems.

InsideEVs

Consumer Reports: Tesla Autopilot Falls In Driver-Assist Rankings

Tesla Autopilot was in the second-place position to GM's Super Cruise in Consumer Reports' 2020 rankings. However, now Autopilot falls to the seventh spot.

Tribune News Service

LG gets extension on Michigan battery plant expansion as plans with GM stall

LG Energy Solution is getting an extension on formally entering into an agreement with Michigan's quasi-governmental economic engine to quintuple the size of its Holland, Michigan, electric-vehicle battery plant just days after it first was reported that the company won't be building a fourth battery plant with General Motors Co.

StockNews.com

The 3 Best Car Stocks to Buy for Potential Profits in 2023

The automotive industry is expected to witness a rise in demand due to cooling inflation and easing supply chain disruptions. Moreover, with the growing popularity of electric vehicles, the automobile industry is expected to perform well. Therefore, it could be wise for investors to buy fundamentally strong car stocks General…

The Street

The Most Burning Questions Tesla Shareholders Want to Ask Elon Musk

The electric-vehicle leader reports its fourth-quarter earnings on Jan. 25. Analysts and holders are on tenterhooks.

Zenger

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.

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