In this article, we will be taking a look at the 20 most valuable car companies by market cap heading into 2024. To skip our detailed analysis, you can go directly to see the 5 most valuable car companies by market cap heading into 2024. The car industry is one of the most valuable industries […]
General Motors' and Autocar Industries have agreed to jointly develop hydrogen-powered heavy vehicles powered by the No.1 U.S. automaker's fuel cell unit Hydrotec, the two companies said on Thursday. The first of the new zero-emission vehicles which are traditionally powered by diesel engines - such as cement mixers, dump trucks, refuse trucks, road maintenance vehicles and terminal tractors - are expected to go into production in 2026 at Autocar's plant in Birmingham, Alabama. "We want to enable zero tailpipe emissions solutions for the largest, highest energy consuming vehicles, and fuel cells are ideal for the most energy intensive applications," Hydrotec executive director Charlie Freese said in a statement.
General Motors Company (GM) concluded the recent trading session at $32.91, signifying a +0.7% move from its prior day's close.