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General Motors Co (NYSE:GM) is abandoning one of the most storied American automobile brands in the world’s largest auto market, and Ford Motor Company (NYSE:F) announced a different kind of pullback. Together, the two moves demonstrate how much American manufacturers have lost their foothold in China. Chevrolet Retires After 21 Years According to a report in […]

America’s trade war has left its two largest automakers sparring over favorable tariffs on imports, batteries and more.
Investing.com -- The US and Canada still have significant differences to resolve before an August 19 deadline for threatened 50% tariffs on a range of Canadian products, Bloomberg reported on Saturday.

Ultium Cells, the General Motors (NYSE:GM) and LG Energy Solution joint venture, restarted battery production at its Warren, Ohio plant after a seven month shutdown linked to changes in US BEV market conditions and policy. The Warren facility return to operations marks a fresh step in rebuilding GM's domestic EV battery supply chain following the extended pause. The restart follows earlier adjustments to GM's electric vehicle rollout plans in response to evolving US demand for battery...

GM is restarting EV battery production in Ohio after a seven-month shutdown, with about 1,400 workers expected back.
GM exited one joint venture deal to build batteries at a plant worth a total of $3.5 billion.

The LGES-GM joint venture has suspended operations at the plant in January.

The U.S. auto industry's retreat from China is accelerating, while Chinese carmakers are inching closer to the American market despite attempts to keep them out .

General Motors trades at $87.75 and has moved in lockstep with the market. Its shares have returned 9.9% over the last six months while the S&P 500 has gained 11.7%.
Detroit's automakers plan to argue to the Trump administration that certain proposals floated as par

GM's 13.1% monthly gain reflects stronger core operations, improving earnings prospects and growth in software and digital services.

General Motors has reached a supply chain agreement with Procura Auto Parts worth $4.5 billion, led by JPMorgan Chase and Banco Santander.

Tesla's stock has cratered 26% this year while rivals circle, but a fresh wave of data from the world's largest car market suggests the company's fortunes may be shifting faster than Wall Street expected.

GM is exiting its Indiana battery JV with Samsung SDI as weaker EV demand prompts a pullback in battery investments.

General Motors' $4.5B parts plan aims to shield production from supply shocks by securing critical inventory ahead of potential disruptions.
Every year, Yahoo Finance attends Monterey Car Week, and it keeps getting bigger and bigger — and not without some controversy.

The automaker will issue formal payment promises to a third-party firm, which will advance funds to select suppliers on GM's behalf

Procura Auto Parts, a firm specialising in inventory management and component sourcing, will serve as paying agent under the deal.

Automakers are fairly stable in pre-market trading as traders are waiting on the CPI figures. At this point, the markets are waiting to get a read on inflation as well.

LOGISTICS REPORT NEWSLETTER General Motors is setting up a $4.5 billion safety net designed to keep critical components flowing through supply-chain troubles, The Wall Street Journal’s Sharon Terlep writes.
With the automaker’s divestment, the facility will become the battery maker’s first wholly owned factory in North America.
Consolidated revenue surges 19.2% YoY to INR 370 crores, driven by a landmark US production order and a 34% jump in industrial business.

General Motors and SAIC Motor have extended their SAIC-GM joint venture in China by 20 years to 2047, committing to launch at least 30 new energy vehicles by 2030 and to use China-developed technologies for both domestic and overseas markets. This shift from one-way technology transfer to “local innovation and global sharing” positions GM to tap China’s electric vehicle supply chain and engineering base as a key pillar of its worldwide product and technology roadmap. Next, we’ll examine how...

General Motors stung in recent years by critical parts shortages, is setting up a $4.5 billion safety net designed to keep critical components flowing through supply-chain troubles. The automaker aims to avoid future parts crunches by securing supplies of high-risk components through a financing arrangement where it pre-funds the purchase of essential parts. The move, which GM disclosed Tuesday in a regulatory filing, aims to give suppliers enough capital to maintain production and potentially stockpile parts.

General Motors sold its stake in an Indiana EV battery plant to South Korea's Samsung SDI amid sluggish demand for electric cars. GM stock offered a trendline entry on Tuesday. Ford stock and Tesla stock also gained below key levels.
Samsung SDI takes full ownership of the Indiana plant as EV demand disappoints
The plant, under construction in New Carlisle, Indiana, is being built under a JV arrangement reached in May 2023.


