General Motors Stock News

Stop us if you’ve heard this one before, but a North American automaker is about to temporarily reduce its manufacturing output due to the ongoing global chip shortage . A Ford spokesperson told Reuters on Friday the automaker would cut or suspend production at eight of its factories across the US, Mexico and Canada. The shutdown will start on February 7th. Among other facilities, the decision will affect the Kansas City plant where Ford produces the F-150, one of its most popular and profitable vehicles. This isn’t the first time Ford has felt the chip crunch , nor has it been the only automaker affected by the situation. Last September, General Motors temporarily suspended production at all but four of its North American factories amid component shortages. At the start of the year, the US Commerce Department warned semiconductor-related supply constraints would last until at least the second of half of 2022 . “We aren’t even close to being out of the woods,” Department Secretary Gina Raimondo said at the time.

The General reported record earnings in 2021 despite severe production constraints.

According to Morgan Stanley analyst Adam Jonas, one of the top-ranked Wall Street analysts, Teslas (TSLA) revenue should grow larger than GM and Ford The post Tesla (TSLA) revenue to grow larger than GM and Ford combined within next 5 years, says top analyst appeared first on Top Tech News .

Tesla Inc (NASDAQ: TSLA ) is the frontrunner in EV manufacturing but it has some catching up to do before it can take the title of the top auto industry leader. Morgan Stanley sees this as a very possible scenario. The Tesla Thesis: By 2027, Tesla''s revenues could grow enough to be larger than legacy automakers General Motors Company (NYSE: GM ) and Ford Motor Company (NYSE: F ) combined, analyst Adam Jonas wrote in a note. Tesla''s U.S. market share was 4%, based on January sales, and sales grew 63% year-over-year even as the broader market unit volume was down 10%, the analyst noted. The company''s U.S. share may be around at least 3.5% for the full-year 2022, he said. The company commands an average transaction price of around $60,000, which is roughly 30% Full story available on Benzinga.com

Advanced driver assistance features, like GMs Super Cruise and Teslas Autopilot, are often conflated with autonomous vehicles. But we need to be more clear about how we talk about cars if we want to prevent misuse and abuse.

Are Global Central Banks (Ex-China) Suddenly Panicking? The last few weeks or so have seen a chill wind run through the halls of global central planners'' offices. First (among the majors) it was the Bank of England who surprised investors with a rate-hike in mid-December (after promising they wouldn''t), then this morning ending QE and raising rates again (narrowly avoiding by a 5-4 vote a 50bps hike). Source: Bloomberg Then it was The Fed''s various group-thinkers doing an extremely rapid volte-face from forever-dovish to the hawkiest hawks in hawk-land, calling for a halt to QE, imminent and rapidly rising rate-hikes, and the start of QT. US STIRs are now pricing in 5 rate-hikes by year-end (and a 25% chance of a 50bps hike in March) Source: Bloomberg This morning saw Christine Lagarde change her stripes from uber dove to more fence-sitter (and some would say an actual hawkish bias was overheard with Bloomberg reporting that ECB policymakers "see policy change at the March meeting if inflation doesn''t ease." Rate-hike expectations are spiking in European bond markets...

Why President Biden Simply Can''t Say The Word "Tesla" President Biden''s silence on U.S.-based EV manufacturer Tesla is growing louder. What once started as a casual snub by Biden, who has embraced photo ops with GM when speaking about electric vehicles, has now turned into a full-out saga, with Musk jabbing that Biden simply can''t bring himself to say the word "Tesla". The difference of opinion between Biden and Musk lies mostly with unions. President Biden has enjoyed the support of labor unions, including the United Auto Workers, Bloomberg noted this week. Musk, on the other hand, has made his distaste for unions well known. He''s also recently moved to Texas, a state where President Biden has little support. Meanwhile, as Bloomberg notes, UAW support is key to Democratic victories both in upcoming midterm elections and in 2024. Musk hasn''t been shy in making his political stance known over the last year or two. Recall, about a week ago, we wrote that the Tesla CEO referred to Biden as a “damp sock puppet in human form” in a Twitter tirade he published two weeks ago.

An upstart union supported by international activists on Thursday won an election to represent General Motors workers in central Mexico, opening the door to the prospect of bigger pay rises, inspired byU.S.-backed labor reform.

SPOT plunged on disappointing subscriber estimates. HSY rallied to a new high on earnings. ZEV announced a deal with GM. CLVT dropped on a restatement of previous results.

Vehicle fleet electrification company Lightning eMotors is doing a deal with auto giant General Motors.

After another brutal year in 2021, Tesla Inc (NASDAQ: TSLA ) short sellers are off to a strong start to 2022 with the stock down 14.3% year-to-date after the company was forced to recall 53,822 vehicles that included a Full Self-Driving Beta feature that allowed cars to automatically roll past stop signs. Spiegels Auto Pair Trade: One of Teslas most vocal short sellers has been Stanphyl Capital Partners Managing Member & Portfolio Manager Mark Spiegel. In Stanphyls January letter to investors, Spiegel discussed his bearish take on Tesla and how he is using long positions in General Motors Company (NYSE: GM ) and Volkswagen (OTC: VWAPY ) as the long end of an auto value stock pair trade Full story available on Benzinga.com

Soelect, a battery technology startup based in North Carolina, has closed an $11 million Series A round. It plans to use the fresh capital to scale its fast charge-capable anode technologies that might enable the next generation of batteries for electric vehicles. Alongside lead investor Lotte Chemical and investment company KTB Network, General Motors corporate []

Soelect, a battery technology startup based in North Carolina, has closed an $11 million Series A round. It plans to use the fresh capital to scale its fast charge-capable anode technologies that might enable the next generation of batteries for electric vehicles. Alongside lead investor Lotte Chemical and investment company KTB Network, General Motors corporate []

The investment firm behind the successful shareholder campaign to reshape Exxon Mobile believes the path to cutting emissions has to go through the largest polluters.

Lightning eMotors (ZEV) jumps 5% in premarket trading after the company strikes off deal with General Motors (GM) to electrify its popular medium duty truck platforms. The EV