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General Motors is following Ford's lead and partnering with Tesla to give its EV owners access to 12,000 of Tesla's charging ports. GM CEO Mary Barra stated that the new deal will save the company up to $400 million in EV infrastructure. Craig Irwin, ROTH Capital Partners Senior Research Analyst, joins Yahoo Finance Live to discuss what these deals will mean for the EV market and charging infrastructure.
Yahoo Finance Live breaks down the too stories of the day, including: Smoke from Canadian wildfires continues to blanket much of the East Coast. GameStop shares sink after the company's CEO is fired. Finally, Tesla and General Motors are partnering up to give GM EV owners access to Tesla chargers.
General Motors has decided to switch to Tesla's charging network and technology, following in the footsteps of Ford, aiming to expand access to fast chargers for its customers.
General Motors (GM) announces a deal with Tesla to integrate NACS plugs into its EVs starting in 2025. It also plans to invest more than $500 million in Arlington Assembly for future SUVs.
The stock's gain came after General Motors (NYSE: GM) said Thursday afternoon that it is partnering with Tesla to start enabling its electric vehicles (EVs) to charge at Tesla's fast-charging stations, called Superchargers. Adding to the fuel for Tesla stock on Friday, several analysts have already commented on the news, noting that it's a positive development for the electric car maker. "Our vision of the all-electric future means producing millions of world-class EVs across categories and price points, while creating an ecosystem that will accelerate mass EV adoption," said GM CEO Mary Barra in a press release Thursday afternoon.
Helping to bolster the mood on Wall Street, two stocks betting big on electric vehicles (EVs) made sizable gains. It's not every day that you see Tesla (NASDAQ: TSLA) and General Motors (NYSE: GM) working together, but the two automakers announced a landmark deal that has implications for the entire industry. Shares of General Motors rose 4% in premarket trading.
Value investing is essentially about selecting stocks that are usually cheap but fundamentally sound. Unum Group (UNM), General Motors (GM), American International Group (AIG) and G-III Apparel (GIII) boast low P/CF ratios.
With raised guidance, strong earnings, and a blueprint for the future, why is this unloved stock so cheap?
Tesla, Carvana and Vodafone all saw swings in their stock price over the last 24 hours.
Investing.com -- Stocks in focus in premarket trade on Friday, June 9th. Please refresh for updates.
These auto stocks could continue to rise this month as positive earnings estimate revisions have started to reconfirm they are undervalued considering their low P/E valuations.
In the latest trading session, General Motors Company (GM) closed at $35.85, marking a -1.02% move from the previous day.
General Motors (GM) boosts Canadian manufacturing with a C$280M investment in its Oshawa Assembly plant, reinforcing its commitment to producing next-generation full-size trucks.
Ford and General Motors are part of the Zacks Industry Outlook article.
A quarterly survey of top business leaders shows that expectations for hiring hit the lowest level since 2020.
Improved inventory, incentives and soaring EV popularity make the prospects of the Domestic Auto industry appear rosy. Invest in the industry powerhouses, GM and F, right away to charge your portfolio.
General Motors (GM) announces plans to invest more than $1 billion in two of its Flint plants to make them production-ready for next-generation internal combustion engine (ICE) heavy-duty trucks.
General Motors (GM) and POSCO are revving up their investment in the Ultium CAM battery plant to more than $1 billion, underpinning GM's ambitious plan to manufacture 1 million EVs in North America by 2025.
General Motors Co said on Monday it plans to invest more than $1 billion to re-tool two manufacturing sites in Flint, Michigan to prepare for a new generation of its internal combustion engine heavy-duty (HD) trucks. GM has outlined this year a total of $1.7 billion in investments in Flint facilities to support the next generation of its heavy duty pickups. GM said it will spend $579 million at its Flint Engine Operations to produce a sixth generation of its small block V-8 combustion engine.
Investing.com -- Stocks are mixed on Monday as investors look ahead to next week's Federal Reserve interest rate decision. Here are the market movers for June 5.
This automaker has a compelling plan to more than double its earnings by 2030, but investors aren't paying attention.