generalmotors
When General Motors entered its bankruptcy proceedings in 2009, several things got scrapped, unfortunately, including the legendary Pontiac brand, which saw some pretty epic nameplates during its time. Interestingly, Pontiac still had a new concept vehicle that had never been revealed as a result of this discontinuation, which up until June 24, 2024, nearly 16 years after it was built, has finally been revealed to the public via General Motors Design on Instagram. Pontiac G8 Concept: DetailsThe Pontiac G8 Concept is pretty cool. It was built by Pontiac in 2008 before GM killed the brand. Accor...
Muscle Cars and Trucks
Cadillac has just unveiled the 2025 Escalade, which brings a refreshed interior and exterior to the iconic full-size SUV. This takes the car a step further into the future than ever before, especially as Cadillac takes strides to implement electric vehicles, which have their own slew of modern tech and design. 2025 Cadillac Escalade Refresh: DetailsFrankly, there was nothing wrong with the fifth-generation Escalade’s existing design, inside or out. But to keep customers into the “latest thing,” the 2025 Cadillac Escalade’s exterior features a new, bolder front-end design with advanced lighting...
Muscle Cars and Trucks
General Motors (GM) has announced a significant delay in its electric vehicle (EV) expansion plans, impacting the automaker’s ambitious production targets. On Tuesday, GM revealed it would push back the opening of its second U.S. electric truck plant in Michigan by six months. Originally set to begin operations in 2025, the plant will now be retooled and ready by mid-2026. This postponement is expected to hinder GM’s goal of achieving a production capacity of 1 million electric vehicles in North America by 2025. Buick’s first electric vehicle postponedAdding to the delays, GM has postponed the...
Invezz
General Motors Co (NYSE: GM) has achieved its highest quarterly sales in over three years, driven by significant growth in full-size pickup trucks and electric vehicles. On Tuesday, the Detroit automaker reported second-quarter sales of 696,086 vehicles, marking a 0.6% increase from the previous year and the highest quarterly sales since Q4 2020. At the time of writing, GM shares were trading at $46.63. The stock has surged approximately 35% from its year-to-date low in mid-January. Reasons behind the increase in salesElectric vehicle deliveries increased by 40% from the previous year to 21,93...
Invezz
General Motors Co ( NYSE: GM ) boekt dinsdag winst in de premarket na de aankondiging van een nieuw aandeleninkoopprogramma. Opmerkingen van CFO Jacobson over het terugkoopprogrammaDe oude autofabrikant gaf toestemming voor nog eens $6,0 miljard aan aandeleninkoop. De versnelde aandeleninkoop ter waarde van $10 miljard zal naar verwachting eind juni zijn afgerond. GM heeft geen specifiek tijdschema voor de uitvoering van de nieuwe autorisatie bekendgemaakt. Er staat alleen dat het programma het bedrijf in staat zal stellen opportunistisch aandelen terug te kopen. Paul Jacobson, de financieel d...
Invezz - NL
Martedì General Motors Co ( NYSE: GM ) sta guadagnando terreno nel pre-mercato dopo aver annunciato un nuovo programma di riacquisto di azioni. Osservazioni del CFO Jacobson sul programma di riacquistoLa vecchia casa automobilistica ha autorizzato altri 6,0 miliardi di dollari in riacquisti di azioni proprie. Il completamento accelerato del riacquisto di azioni da 10 miliardi di dollari è previsto entro la fine di giugno. GM non ha comunicato alcuna tempistica particolare per l’esecuzione della nuova autorizzazione. Tutto ciò che viene detto è che il programma consentirà di riacquistare azioni...
Invezz - IT
General Motors Co ( NYSE: GM ) está ganando en la fase previa a la comercialización el martes después de anunciar un nuevo programa de recompra de acciones. Comentarios del director financiero Jacobson sobre el programa de recompraEl antiguo fabricante de automóviles autorizó otros 6.000 millones de dólares en recompras de acciones. Está previsto que su acelerada recompra de acciones por valor de 10.000 millones de dólares concluya a finales de junio. GM no reveló ningún plazo concreto para ejecutar la nueva autorización. Todo lo que dijo es que el programa le permitirá recomprar acciones de m...
Invezz - ES
Sixteen years ago, General Motors decided to discontinue the Pontiac brand. However, very recently, Car and Driver had a full sized ad on the back cover of the magazine that sought to bamboozle people, which heralded the return of Pontiac. Even though the fine print at the bottom of the advertisement stated, “Do you need to be told that this advertisement is fake and not to be taken seriously? Our lawyers think you do.” Some may have gotten their hopes up with the spoof, but General Motors has confirmed that it had nothing to do with the advertisement. Is Pontiac Coming Back? No.At a glance, t...
Muscle Cars and Trucks
ValueWalk
The United Auto Workers union has arrived at a tentative agreement with General Motors, marking the final of the major three U.S. automakers to do so. This step may be among the final actions needed to bring an end to the autoworkers’ strike, which has lasted for over six weeks. At first, the union requested that employees go on strike at a small number of factories, but eventually intensified their efforts by initiating more stoppages, placing more stress on the car manufacturers. In the last week, the union has achieved preliminary settlements with Ford and Stellantis. As with the Ford agree...
uPolitics.com
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