General Motors Stock News

Deliveries are suspended for an indefinite term

The invasion of Ukraine is bringing to an end Western investment in Russia.

General Motors is joining a host of other companies in cutting off its business with Russia. The Detroit-based automaker announced Friday it is halting all exports to the country which is currently invading neighboring Ukraine.

American carmaker General Motors Company announced on Monday that it will be suspending all exports to Russia for the time being. The firm has no plants in Russia and sells about 3,000 vehicles per ye…

Returning the company to Vogt, who had already been serving as interim CEO, comes at a pivotal time for the company.

General Motors Company''s (NYSE: GM ) short percent of float has fallen 22.64% since its last report. The company recently reported that it has 22.61 million shares sold short , which is 1.64% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.1 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of … Full story available on Benzinga.com

General Motors Co. said Monday that Kyle Vogt has formally accepted the role of chief executive of Cruise, GM''s autonomous-driving unit. Vogt, who co-founded Cruise in 2013, has served as interim CEO since December. Vogt also will serve as chief technology officer and president of Cruise, which GM bought in 2016 for $1 billion. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Kyle Vogt, who co-founded Cruise and ran the startup for years following GM''s acquisition in 2016, is back in charge.

Kyle Vogt, who co-founded Cruise and ran the startup for years following GM’s acquisition in 2016, is back in charge. Vogt made the announcement Monday via a tweet. Some fun news: I have formally accepted the CEO job at @Cruise once again. — Kyle Vogt (@kvogt) February 28, 2022 The formal announcement comes more […]

A major Canadian pension fund has made its choice between carmakers Tesla and GM, which are in the thick of the race for electrification.

BEIJING : China''s agriculture ministry said on Monday that it will facilitate the commercialisation of genetically modified soybeans, corn and cotton crops. China will improve management of GM varieties of the crops, the Ministry of Agriculture and Rural Affairs said in its 2022 work plan of regulation on

RLT Capital, an investment management firm, published its fourth-quarter 2021 investor letter – a copy of which can be downloaded here.

The iconic off-road brand is about to reshuffle the cards in the market for electric trucks and SUVs

Canada Pension Plan Investment Board quadrupled its stake in electric-vehicle giant Tesla, slashed stakes in GM and Nvidia, and trimmed its GE stake.

NASHVILLE, Tenn. , Feb. 26, 2022 /PRNewswire-PRWeb/ -- The 2024 Chevrolet Silverado EV will be hitting the roads before long. This powerful and capable truck has been making news since its announcement earlier this year. The Silverado EV was built on a brand-new platform from GM that provides excellent range, power, and flexibility. The truck will also feature a new intelligent vehicle software platform that will receive over-the-air updates and give users feature and app customization options. Some of the features and specs of the all-new 2024 Chevy Silverado EV include: Full story available on Benzinga.com