General Motors Stock News

Hyundai Motor’s electric vehicle IONIQ 5 based robotaxi is displayed during the media day at the Seoul Mobility Show in Goyang, South Korea, Thursday, Nov. 25, 2021. The company announced that it will be introducing 17 electric vehicles by 2030. Lee Jin-man, Associated Press The news: Hyundai is planning to release 17 fully electric vehicle models by 2030 in an effort to stay on par with rival automakers, the company announced on Wednesday. Details: Out of the 17-car fleet, 11 are Hyundai models and six are Genesis luxury cars, according to the company’s “strategic roadmap,” which also includes increasing production capacity, product competitiveness and software competency. Additionally, three of the cars in the lineup will be sedans, including their new release Ioniq 6, six SUVs, including Ioniq 7, one light commercial vehicle and one “new type model.” Genesis’ lineup will include two cars and four SUVs, according to CarScoops . The company aims to invest $16 billion in EV-related projects and capture 7% of the market by the end of the decade, per Engadget .

Detroit auto giant GM had invested in the cash-strapped EV startup Lordstown.

Companies ranging from GM to UPS are exiting or reducing their operations in Russia as wide-ranging sanctions make it all but impossible to operate in the country. (Image…

Companies around the globe have answered Russia’s invasion of Ukraine by putting a hold on business or fully exiting operations in Russia. This comes in addition to the harsh economic sanctions recently imposed on Russia that have collapsed the ruble. Below is a list of the companies by sector that are holding or retiring business operations in Russia. Tech Apple (NASDAQ: AAPL ) has paused all product sales in Russia. Alphabet (NASDAQ: GOOGL ) (NASDAQ: GOOG ) unit Google said it has blocked mobile apps connected to Russian broadcasters RT and Sputnik from its Play store, in line with an earlier move to remove Russian state publishers from its news-related features. Microsoft (NASDAQ: MSFT ) said it would remove state-owned RT''s mobile apps from the Windows App store and ban advertisements on Russian state-sponsored media. Dell (NYSE: DELL ) The laptop maker said it had suspended product sales in Ukraine and Russia. Automotive Manufacturers General Motors (NYSE: GM ) said it would suspend all vehicle exports to Russia until further notice.

LORDSTOWN, Ohio — Former Lordstown Motors Corp. CEO Steve Burns sold off more than $13.5 million worth of stock in the struggling electric-vehicle company just one day before General Motors disclosed it sold its interest in the company. According to…

Lordstown Motors ex-CEO sold shares day before GM said it exited stake -filing

The former chief executive of electric vehicle startup Lordstown Motors Corp sold $13.5 million worth of shares in the electric vehicle startup on Feb. 28, according to a regulatory filing - a day before General Motors Co disclosed it had sold its stake in the company.

The sale should be a red flag to anyone who invests in electric vehicle startups. GM clearly feels better about its own EV program.

"Nobody Is Watching": Musk Lampoons President Biden During SOTU For Failing To Mention Tesla It looks like Elon Musk''s ongoing feud with President Biden is still…well, ongoing. The Tesla CEO Tweeted at the President on Tuesday night, criticizing him for not mentioning Tesla during his State of the Union address. During the address, President Biden made mention of a combined $18 billion in investments made into electric vehicles by Ford and General Motors, combined. Tesla was once again not mentioned by the President. In response, Musk Tweeted at Biden: “Tesla has created over 50,000 US jobs building electric vehicles & is investing more than double GM + Ford combined.” Recall, we wrote about a week ago that the White House said it was worried Musk would "be a bad guest" and would "say something to embarrass the administration" if he was ever invited onto the premises. Musk responded to the report by telling CNBC: “They have nothing to worry about. I would do the right thing.” Recall, in late January, the Tesla CEO referred to Biden as a “damp sock puppet in human form” in a Twitter tirade he published in late January.

This article was originally published on TipRanks.com. The post Lordstown Motors Slips 2.6% Pre-Market on GM Stake Sale Report appeared first on Smarter Analyst .

Self-made billionaire Elon Musk highlighted the total incompetence of Joe Biden and his administration following his State of the Union address. Biden noted how Ford and GM are promoting electric vehicles, but ignored how another American car manufacturer, Telsa, is doing far mroe than Ford and GM combined. Musk responded directly to Biden: “Tesla has […] The post Elon Musk Slams Joe Biden Right After State Of The Union appeared first on Analyzing America .

Deshaun Watson’s future with the Houston Texans is still up in the air as the quarterback is still rumored to be traded while possible charges over sexual harassment allegations hang over him.

Ford is spinning off its electric vehicles and internal combustion businesses into separate units. AP file Ford will split its electric vehicle and internal combustion operations into two individual businesses to accelerate its adaptation of new technology and the Detroit automaker said Wednesday that its transformation into an EV company is accelerating. Ford plans a major restructuring with two distinct but strategically interdependent auto businesses — Ford Blue focusing on traditional combustion engines and Ford Model e, which will develop electric vehicles. Jim Farley, the chief executive officer of Ford Motor Co., will lead the electric division. “We are going all in, creating separate but complementary businesses that give us start-up speed and unbridled innovation in Ford Model e together with Ford Blue’s industrial know-how, volume and iconic brands like Bronco, that start-ups can only dream about,” Farley said. A pair of EV start-ups, Lucid Group and Lordstown Motors, released disappointing production projections this week, highlighting how difficult it is to secure materials and scale up in the auto industry.

Saquon Barkley’s career started out great for the New York Giants.