General Motors company headlines, earnings, strategy, leadership, and market-moving business updates.
Market data may be delayed. For informational purposes only. Not investment advice.
On CNBC’s Mad Money, Jim Cramer responded to a caller who said they had bought Stellantis, arguing that an investor should reconsider when the broader theme becomes dividend sustainability and management execution in underperforming auto holdings.
THE APEX TIMES
THE APEX TIMES
The automaker said it has entered a supply-chain arrangement with Procura Auto Parts valued at $4.5 billion, a deal structured with lead roles for JPMorgan Chase and Banco Santander.
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GM’s planned pullback from a battery partnership in Indiana reflects a reassessment of how quickly electric-vehicle growth is absorbing new capacity, according to reporting from Yahoo Finance.
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The General Motors and SAIC Motor partnership in China is set to run through 2047, with new commitments around launching “new energy vehicles” and leaning on China-developed technology.
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GM is exiting another ownership slice of an Indiana electric-vehicle battery facility, transferring the stake to South Korea’s Samsung SDI, according to market reporting. The move came as shares rose alongside broader automaker strength.
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The Canadian union says it has opened negotiations with General Motors on behalf of more than 4,600 members at facilities across Ontario, setting up a new round of bargaining for wages, benefits and working conditions.
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GM and its China partner SAIC Motor have agreed to extend their joint venture for two more decades, according to a report carried by Yahoo Finance. The partners said the renewed cooperation will focus on new energy vehicles and shipping vehicles to global markets.
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The shared fast-charging network backed by General Motors, EVgo and Pilot Travel Centers said it has expanded to more than 300 locations and about 1,300 fast-charging stalls across 40 states.
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GM said it is renewing its China partnership for two decades as it absorbs costs tied to reorganizing its China operations and preparing future vehicle launches.
