General Motors (GM)

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GM's stock surges after profit and revenue fall but beat expectations, as U.S. truck sales jump 27%
https://www.marketwatch.com/story/gms-s ... ck_seemore

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Hertz To Buy 175,000 EVs From General Motors Over Five Years
https://www.zerohedge.com/markets/hertz ... five-years

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GM Jumps 5% After Reaffirming EBIT Guide, Beating Q3 Estimates
https://www.zerohedge.com/markets/gm-ju ... -estimates

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GMC Hummer EVs "Sold Out For Two Years," Selling At Auction For Double List Price
https://www.zerohedge.com/markets/gmc-h ... list-price

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"A Breakout Year" Coming In 2023: GM Shares Rise 5% As Company Beats Expectations, Issues Strong Guidance
https://www.zerohedge.com/markets/break ... g-guidance

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GM Revenue Rises 25%, Automaker Boosts Full Year Guidance And Deepens Plans For Cost Cutting
https://www.zerohedge.com/markets/gm-bo ... st-cutting

[winston]

not vested

General Motors is still struggling to ramp up production of electric vehicles, a top executive said on Wednesday (Aug 9).

Speaking at a JP Morgan investor conference, GM chief financial officer Paul Jacobson said the automaker’s electric vehicles, from Cadillac Lyriq SUVs to BrightDrop vans, had been affected by an issue with assembling battery modules – a stumbling block first noted last week by chief executive Mary Barra.

Jacobson said GM had built more than 1,000 Lyriqs in July – still well below the company’s initial expectations.

GM in early 2022 said it expected to build 25,000 Lyriqs at the company’s Spring Hill, Tennessee, plant last year, but fell far short of that target.

In the first six months this year, GM delivered fewer than 2,400 Lyriqs to customers, as it struggled with batteries and other issues.

Jacobson pointed to its majority-owned Cruise automated vehicle operation as a bright spot, as the unit enters a “big phase of operational expansion,” with more than 400 vehicles on the road.

Source: Phillips

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GM Tumbles On Report It Has "At Least" 20 Million Vehicles With Potentially Explosive Air-Bag Parts That May Be Recalled
https://www.zerohedge.com/markets/gm-tu ... -parts-may

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GM Postpones Investor Day Presentation; Wall Street Analysts Sound Alarm
https://www.zerohedge.com/markets/gm-po ... ound-alarm

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GM Withdraws Full-Year Forecast Amid UAW Strike, Despite Profits Topping Estimates
https://www.zerohedge.com/markets/gm-wi ... -estimates