General Motors Stock News

The deal gives GM an opportunity to use its electric technology in another industry beyond automotive.

On Monday, the Detroit automaker said that it bought the stake in Pure Watercraft for a venture that it says will develop and commercialize battery electric watercraft.

Shares of GM stock are up 3% today after the vehicle manufacturer announced a 25% stake in Pure Watercraft. Should you invest?

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(RTTNews) - General Motors (GM) Monday announced that it has acquired a 25 percent stake in Pure Watercraft, a Seattle-based start-up makes all-electric motors for boats. General Motors said the collaboration with Pure Watercraft advances a shared vision to promote sustainability through an expansion of zero-emissions mobility for future

General Motors is making a big investment in Seattle-based electric boat startup Pure Watercraft. The automaker is committing $150 million in cash and in-kind contributions to the startup, which makes electric motors and batteries for boats.

General Motors (NYSE: GM), which considers itself all in on electrification, has acquired a 25% stake in pure watercraft, a start-up that manufactures electric outboard motors for boats. The stake will cost GM USD150 Million, and ultimately increase Pure Watercrafts valuation to USD600 Million. The partnership aims to further develop GMs zero-emissions future which extends The post GM Buys 25% Stake in Electric Boating Company Pure Watercraft first appeared on Financial Buzz .

Auto giant General Motors announced on Monday that it''s bought a significant stake in a company that manufactures electric boat motors.

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GM This week we received both good news and bad news from GM, depending on which side of the situation youre on. The company confirmed that production of the new Chevy Bolt EV and Bolt EUV vehicles will remain down, with production entirely halted until sometime in 2022. So if you were looking to [] The post GMs Chevy Bolt Production Delay Goes From Bad to Worse Review Geek appeared first on TECHTELEGRAPH .

"Biden''s speech was written 20 years ago, just before GM killed the electric car," Maye Musk tweeted. "His speechwriter uploaded the wrong file."

If history is any guide, there may be good fortune ahead for … Full story available on Benzinga.com

Sandvik Coromant launches new tools for precision machining Sandvik Coromant, a global leader in machining solutions, has launched two new microdrill families [CC1] specifically designed for precision machining. The CoroDrill® 462 with -XM geometry and the CoroDrill® 862 with -GM geometry support industries that demand small parts manufacturing, such as medical, automotive, electronics and aerospace. Designed []