General Motors Stock News

Ford is determined to compete against electric vehicle rivals like Tesla and Rivian , and it''s willing to reorganize the company to improve its chances. The brand is splitting its car manufacturing business into separate EV-only and internal combustion engine (ICE) divisions to help it fight both "new EV competitors" and conventional challengers. The electric unit, Model e, is meant to speed up large-scale development of EVs while producing connected vehicle technology for all of Ford. Effectively, the badge hopes to edge closer to the fast-moving, tech-driven cultures of its EV-only competitors. The ICE division, Ford Blue, will concentrate on "relentlessly attacking" costs, improving quality and streamlining operations to help turn a profit. Blue will supply hardware-focused engineering and manufacturing to the rest of the company. Company chief Jim Farley will serve as president of Model e. Apple and Tesla veteran Doug Field , who joined Ford in September 2021, will lead the unit''s development as its Chief EV and Digital Systems Officer.

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

There is nothing new on the Aaron Rodgers front, Green Bay Packers general manager Brian Gutekunst said Tuesday at the NFL Scouting Combine.

LORDSTOWN, Ohio — General Motors said Tuesday it has sold its stake – 7.5 million shares – in Lordstown Motors Corp. The Detroit Press first reported the transaction yesterday. The sale occurred during the fourth quarter of 2021. GM was…

Elon Musk criticized Biden as the president failed once again to mention Tesla as he recognized Ford and GM in his State of the Union speech.

President Biden snubs Tesla in his State of the Union address, getting under Elon Musk''s skin.

Tesla Inc (NASDAQ: TSLA ) CEO Elon Musk took a swipe at President Joe Biden for failing to mention the electric maker during his State of the Union speech on Tuesday. What Happened: Biden did not mention Tesla in his hour-long remarks to the Congress on Tuesday night and instead praised legacy automakers General Motors Co (NYSE: GM ) and Ford Motor Co (NYSE: F ) for their electric vehicle investments and job creation in the United States. “Ford is investing $11B to build electric vehicles—creating 11,000 jobs across the country,” Biden said to a joint session of the Congress. “GM is making the largest investment in its … Full story available on Benzinga.com

Despite a recent cash influx from Foxconn, the Ohio-based EV startup Lordstown Motors is struggling to remain afloat. We now learn that General Motors has sold the stake it had in Lordstown Motors.

Will it happen?

President Biden praised Ford and General Motors for investing billions of dollars into building electric vehicles – but didn''t mention Tesla.

Tesla CEO Elon Musk shared a fresh retort towards Joe Biden on Tuesday, following the US President’s State of the Union speech. In both his speech and later on Twitter, Biden heavily praised Ford and GM’s electric vehicle investments and the jobs that they will create. “There’s something happening in America. Just look around, and […] The post Tesla’s Elon Musk posts new retort after Joe Biden praises Ford and GM’s EV jobs appeared first on TESLARATI .

General Motors has sold its stake in struggling electric pickup maker Lordstown Motors..

The text of President Joe Biden''s State of the Union address, as provided by the White House:Madam Speaker, Madam Vice President, our First Lady and Second Gentleman. Members of Congress and the Cabinet. Justices of the Supreme Court. My fellow Americans.Last year COVID-19 kept us apart. This year we are finally together again. Tonight, we meet as Democrats Republicans and Independents. But most importantly as Americans. With a duty to one another to the American people to the Constitution. And with an unwavering resolve that freedom will always triumph over tyranny.Six days ago, Russia''s Vladimir Putin sought to shake the foundations of the free world thinking he could make it bend to his menacing ways. But he badly miscalculated. He thought he could roll into Ukraine and the world would roll over.Instead he met a wall of strength he never imagined. He met the Ukrainian people. From President Zelenskyy to every Ukrainian, their fearlessness, their courage, their determination, inspires the world.

The president touted telectric vehicle investments by Ford and General Motors touted as examples of companies re-shoring manufacturing.

AS PREPARED FOR DELIVERY Madam Speaker, Madam Vice President, our First Lady and Second Gentleman. Members of Congress and the Cabinet. Justices of the Supreme Court. My fellow Americans. Last year COVID-19 kept us apart. This year we are finally together again. Tonight, we meet as Democrats Republicans and Independents. But most importantly as Americans. With a duty to one another to the American people to the Constitution. And with an unwavering resolve that freedom will always triumph over tyranny. Six days ago, Russia’s Vladimir Putin sought to shake the foundations of the free world thinking he could make it bend to his menacing ways. But he badly miscalculated. He thought he could roll into Ukraine and the world would roll over. Instead he met a wall of strength he never imagined. He met the Ukrainian people. From President Zelenskyy to every Ukrainian, their fearlessness, their courage, their determination, inspires the world. Groups of citizens blocking tanks with their bodies.