General Motors Stock News

General Motors (NYSE: GM) today announced the appointment of Shilpan Amin as GM senior vice president and president, GM International. Amin replaces Steve Kiefer, who has elected to retire after almost 40 years in the auto industry. Amin''s appointment and Kiefer''s retirement are effective April 1. - - GM International consists of GM''s global operations outside of North America and China. Major markets for GM International include South America, the Middle East, Korea, Europe, Japan, Austral… Read the full story at https://www.webwire.com/ViewPressRel.asp?aId=285840

NYC Firms Hire Off-Duty Police Amid Soaring Violent Crime Rather than making the borough safer, the newly-elected Democratic Manhattan District Attorney Alvin Bragg ( funded by George Soros ) has implemented new procedures to keep criminals out of jail and on the streets by downgrading burglary, armed robbery, and drug dealing from felonies to just misdemeanors. New progressive policing has sparked a wave of violent crime this year, forcing businesses to hire more off-duty police officers. Bloomberg reports the number of hours off-duty officers standing watch in front of Manhattan office buildings, retail shops, and other buildings has recently soared as crime worsens. New York City has long administered its own program for off-duty officers to stand guard outside private businesses — badge, gun and all — and taken a 10% cut of the fees. But after the pandemic hit, spending for the paid detail program shot up to its highest amount in more than a decade. The money New York derives from the program jumped by nearly 70% to $3.2 million in fiscal year 2021 from four years before, according to data from the city''s Independent Budget Office.

The Los Angeles Lakers have been one of the most disappointing teams in the NBA this season. Not only have they failed to live up to the hype on the court but also, there are reports of discontent within the organization. Apparently, LeBron James isn''t happy with Rob Pelinka''s passivity leading to the trade deadline, and he''s made everybody around the league know that with passive-aggressive remarks. LeBron Is The Most Powerful Man On The Lakers Recently, Bill Oram of The Athletic reported that James has kept the Lakers in a headlock, going as far as to state that he''s now more powerful than Kobe Bryant ever was: "As important as Bryant was to the Lakers, sources inside the organization have long said that not even the legendary Black Mamba wielded as much power within the organization as James now has," reported Oram.LeBron''s Future Is Uncertain Most people predicted that Los Angeles was going to be James'' final stop in the NBA. Now, that doesn''t seem like a certain thing anymore: "That illusion of permanence has now been shattered, thanks not only to a series of passive-aggressive missives from James that make it clear he was frustrated by the Lakers inaction at the trade deadline, but also, in a conversation with The Athletic’s Jason Lloyd, entertaining the prospect of returning to Cleveland and explicitly stating his final year will be spent playing alongside his son — wherever that may be," Oram added.A War Could Be Brewing In L.A.

Automakers’ history of taking fat subsidies and overpromising job growth make some analysts skeptical of the deal In September, Ford stunned Michigan when it announced plans to build two massive electric vehicle (EV) plants in the nation’s southeast instead of its midwestern back yard. Fearing the future of the automotive industry was leaving Detroit, the state’s political class swung into action. Four months later, lawmakers responded by handing a staggering new subsidy deal to GM that they claimed would fortify the Motor City’s standing as the world’s auto capitol during industry electrification: In exchange for $1bn in tax incentives, the Detroit-based automaker promised $7bn in investment for new battery and EV plants that could create 4,000 new jobs. Continue reading…

General Motors is introducing dozens of new fee-based digital features… The post GM to offer 50 new digital features and services by 2026 appeared first on PageOne .

If anyone expects new car prices to return to normal once the world manages to deal with the ongoing chip crisis, that’s not going to happen.

General Motors aims to turbocharge its non-vehicle revenue by introducing dozens of new fee-based digital features by 2026, including one enabling a car to predict when it will need maintenance, a top executive said on Thursday."We have 50-some value-added products and services that we''ll be rolling out o

A week after healthcare unicorn Ro landed capital from existing investors at a higher valuation, two top executives have parted ways with the company, per an internal email obtained by TechCrunch from multiple employees. In the e-mail, CEO and co-founder Zachariah Reitano said that COO George Koveos and GM of Ro Pharmacy Steve Buck are […]

Last year, President Joe Biden set a goal for the United States’ transition to electric vehicles, while executives from carmakers General Motors and Ford joined him at the White House. Just last month, he met them at the White House again.Elon Musk, chief executive of electric carmaker Tesla and the only industrialist among Forbes’ 15 richest Americans, has never been invited. Instead, under his Build Back Better plan, Biden proposed additional incentives for consumers to purchase electric…

The three American automakers are touting their self-driving features.

Gm, Explorers! Continue reading on Medium »

In recent trading session, General Motors Company (NYSE:GM) saw 6.13 million shares changing hands at last check today with its beta currently measuring 1.21. Company’s recent per share price level of $44.90 trading at -$1.48 or -3.19% at last check today assigns it a market valuation of $67.70B. That most recent trading price of GM’s … General Motors Company (NYSE:GM) Down -6.62% Over A Week, Now Can The Stock Hit Well Above -$5.18? Read More »

White House Worried Elon Musk Would "Say Something To Embarrass The Administration" If Invited To D.C. The White House reportedly has worries about potentially letting Tesla CEO Elon Musk on the grounds to meet with President Biden. In fact, the Biden administration is worried that Musk would "be a bad guest" and would "say something to embarrass the administration" while on the premises, a NY Post article reported this week. Musk shouldn''t be expecting an invite to 1600 Pennsylvania Ave. anytime soon, as the report notes that "Biden and his close advisers are said to be irritated with Musk’s public criticism and have no immediate plans to invite him to the White House for future events". Musk responded to the report by telling CNBC: “They have nothing to worry about. I would do the right thing.” “I have nothing against Biden otherwise, apart from general concern about more deficit spending, which would apply to any president, and actively supported the Obama-Biden election,” he continued.

Shares of several companies in the auto & auto component space, including Ford Motor Company (NYSE: F ), General Motors Company (NYSE: GM ) and Tata Motors Limited ADR (NYSE: TATA ), are all trading lower amid overall market weakness as stocks fall following the Russian invasion of Ukraine, which has pressured macro sentiment. Russia-Ukraine … Full story available on Benzinga.com

Subscribe FREE wherever you listen: Apple Podcasts | Google Podcasts | Spotify | Overcast | RSS Links and Resources Mentioned in This Episode: Electric Vehicles Take Charge in 2022 Matt D’Avellla YouTube channel Credit Card Interest Rates to Rise, Too What Does Your Credit Score Really Mean? Think Twice About Applying for Credit Consumer Financial Protection Bureau: Credit reports and scores Free Credit Score Credit Karma Annual Credit Report Transcript David Muhlbaum: Like it or not, there’s a number, a grade really, that will follow you around most of your life and affect what you pay for a number of things. We’re talking about your credit score here. What is it really? And what can you do about it? We’ll talk to Kiplinger’s credit expert about this number, or maybe it’s numbers. See, it’s complicated. Also, 2022 looks like a promising year for electric cars. All coming up on this episode of Your Money’s Worth . Stick around. Welcome to Your Money’s Worth . I’m kiplinger.com Senior Editor David Muhlbaum, joined by my co-host, Senior Editor Sandy Block.