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GM News Highlights
- For GM, its 30 day story count is now at 23.
- Over the past 21 days, the trend for GM's stories per day has been choppy and unclear. It has oscillated between 1 and 7.
- The most mentioned tickers in articles about GM are FORD, AAPL and BASE.
Latest GM News From Around the Web
Below are the latest news stories about GENERAL MOTORS CO that investors may wish to consider to help them evaluate GM as an investment opportunity.
U.S. auto sales are seen holding up in the third quarter, as vehicle inventories slowly improve but new headwinds arise. A CarMax demand warning continued to weigh heavily on GM stock and Ford stock Friday.
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CarMax disappointed investors, citing "vehicle affordability challenges," while Tesla's shares sank ahead of its AI Day.
Toyota Motor Corp President Akio Toyoda said California's new zero-emission requirements that seek to end sales of new gasoline-only vehicles by 2035 will be "difficult" to meet. "Realistically speaking, it seems rather difficult to really achieve them," Toyoda said on Thursday through a translator during a roundtable interview with reporters. Toyoda, who has led the company since 2009, defended Toyota's strategy and electric vehicle development plans, which have been criticized by some environmental groups and investors who want the company to move faster to adopt battery electric vehicles (BEVs).
General Motors (NYSE: GM)-owned Cruise is launching its autonomous ride sharing service in Phoenix, Arizona and Austin, Texas by the end of 2023, tripling the number of cities where it will have commercial operations.
Shares of automotive stocks were tumbling today as the broader market fell on concerns of near-record inflation and a stronger-than-expected labor market. Investors are concerned that persistent inflation and a strong labor market will encourage the Federal Reserve to continue hiking interest rates, which could end up slowing the economy down too much. As a result, Ford (NYSE: F) fell 5.4%, Lucid Group (NASDAQ: LCID) slid 6.3%, and General Motors (NYSE: GM) tumbled 5.7% as of 11:43 a.m. ET.
General Motors Co (NYSE: GM) is partnering with EV battery technology firm, OneD Battery Sciences for a joint research development agreement. GM Ventures also participated in OneD's Series C funding round, which recently closed at $25 million. The parties will look to use OneD's silicon nanotechnology in GM's Ultium battery cells to drive increases in energy density for a longer range and reduced cost. The focus will be on OneD's SINANODE platform, which adds more silicon onto the anode battery