GM News Updates

The company will retain the GM ticker symbol when it begins trading on the Nasdaq on Nov. 17, according to a statement Oct. 27. 

GM is unfazed by the EV meltdown of the past few years, moving ahead with a new program expected to produce a new battery-powered mainstream SUV within about three years.

With high gas prices sending car buyers flocking to hybrids, General Motors is giving the technology another look.

While GM is benefiting from steady demand for its SUVs and trucks, it’s also constrained by an economy in which many consumers are finding themselves priced out of the new-vehicle market. 

Toyota and Hyundai are pulling closer to Detroit’s marquee automakers in the U.S. auto market, boosted by demand for gas-electric hybrids and affordable vehicles.

GM runs on truck profits, and the all-new versions of the Silverado and Sierra will come with bigger engines and a plan to produce even more of them.

Samsung will buy GM’s 49.99% stake in the venture and operate it as a wholly owned entity, the South Korean battery maker said in a statement Aug. 11.

President Donald Trump argued that his economic policies have revived the auto industry and American manufacturing during a July 27 visit to Michigan.

Vehicle manufacturers are looking to leverage their multibillion dollar EV investments to tap into a promising market in vehicle, home and grid technology.

GM’s brighter outlook came despite a tough second quarter. The company has kept profits up by keeping inventory low and maintaining higher prices on its most profitable models.