General Motors Stock News

Shares of Lightning eMotors Inc. surged 4.1% in premarket trading Thursday, after the electric medium-duty truck maker announced an agreement with General Motors Co. to provide fully electric Class 3 and Class 6 commercial vehicles. As part of the agreement, Lightning eMotors will be the first GM Specialty Vehicle Manufacturer (SVM), and will electrify truck platforms provided by GM that can be used for several applications, such as school buses, shuttle buses and delivery trucks. Financial terms of the agreement were not disclosed. "GM''s inclusive approach to electrification is a great match for Lightning''s position and role as a leading powertrain supplier in the commercial vehicle space," said Lightning eMotors Chief Executive Tim Reeser. The stock has tumbled 48.8% over the past three months through Wednesday, while the S&P 500 has eased 0.9%. 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.

GM workers in Mexico elect independent union in historic labor vote

President Joe Biden calls himself a union guy and a car guy, and he is embraced electric vehicles as vital to his economic and climate ambitions.But theres one US car company he wont talk about: Tesla, the worlds most valuable carmaker and the global brand most clearly associated with EVs.I meant it when I said the future was going to be made right here in America, Biden said in a tweeted video with General Motors chair and Chief Executive Officer Mary Barra on Thursday. Companies like GM

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GM CEO Mary Barra is making it clear that the company is going "full-out" on its plans to profitability expand into EVs to challenge industry leader Tesla.

These are the stocks posting the largest moves in midday trading Wednesday.

General Motors (GM) is spending more than the $35 billion previously planned to speed up launches of their new EVs. The company noted that investments in technology would take priority over profits in 2022. GM […] The post GM pushing faster EV launches ahead of profits appeared first on Drive Tesla .

Shares of Ford Motor Co. rallied 1.1% in premarket trading Wednesday, after the automaker reported January U.S. vehicle sales that were flat relative to a year ago, while electric vehicle sales nearly tripled. Total U.S. sales were 143,531 vehicles, including a 4.3% decline in truck sales to 71,734 vehicles and an 8.5% increase in sport-utility vehicle (SUV) sales to 66,122 vehicles. Electrified sales rose 167.2% to 13,169 vehicles, which the company said was four times the growth of the overall electrified segment. Within trucks, sales of the F-Series, which is Ford''s best-selling model, dropped 8.6% to 50,543 vehicles. "Ford market share increased over a year ago on strong demand for our newest products such as Bronco, Maverick and Mach-E," said Andrew Frick, vice president of Ford Sales U.S. and Canada. Ford''s stock has rallied 14.7% over the past three months through Tuesday, while shares of rival General Motors Co. have lost 2.7% and the S&P 500 has eased 1.5%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.

GMs Mary Barra on CNBC said:GM will increase its US dollar 35 billion investment number for EVs very shortlyAnd from Ford:total vehicle sales for January came in at 143,351 units with EV sales growing four times faster than the overall electrified segment GM stock is up 1.54% in premarket trading, w

GOOG, AMD and GM rallied in pre-market trading on earnings news. Meanwhile, quarterly results put pressure on SBUX and MRCY.

General Motors Co (NYSE: GM ) CEO Mary Barra highlighted the legacy automaker''s push for "affordability" in the electric vehicles segement in a post-earnings call Tuesday. Barra also said the company would name the site for a fourth U.S. electric vehicle battery plant in the first half of this year, invest in a third electric truck assembly plant and focus on affordable EV launches. Affordability Key: GM aims to topple current electric vehicle leader Tesla Inc (NASDAQ: TSLA ) in the coming years. Barra told investors that affordability is key in the electric vehicle game and that GMs plan to launch a $30,000 Electric Equinox is a development worth noting. GM plans to launch the Equinox EV in 2023 and is also working on an another, more affordable electric vehicle. Affordable EVs are part of the market that startups aren''t targeting, but they are key to driving mass adoption of EVs, which is a national and a global priority. In contrast, Tesla CEO Elon Musk last month said his company

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General Motors Co. stock fell nearly 1% late Tuesday after the auto maker reported mixed quarterly results, missing on sales as it tried to sidestep…