Tag: GM
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Company name | GM Inducted into Indiana Manufacturers Hall of Fame
GM has been inducted into the Indiana Manufacturers Hall of Fame, recognizing its over 80 years of commitment to Indiana’s economy and local communities. Employing nearly 6,000 people across seven facilities, GM has invested $2.8 billion in the state in the last decade. GM plans to expand its Indiana operations, including establishing an EV battery…
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General Motors | GM’s Toledo Propulsion Systems Celebrates the Past and Future of the Automobile at Oscar Bunch Park
GM’s Toledo Propulsion Systems showcased classic cars and new electric vehicles at Oscar Bunch Park in Ohio, announcing $100,000 in community impact grants as part of its commitment to the local community. Source: Here
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GM | Q3 2024 Letter to Shareholders
GM highlighted its Spring Hill, Tenn. plant, where both ICE and EV Cadillacs are produced, as well as its battery expertise and production scale. GM expects its 2025 EBIT to be similar to its 2024 results, driven by EV sales growth, cost management, and profitable redesigned SUVs. The company is on track to meet its…
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GM | Releases Q3 2024 Results and Updates Full-Year Guidance
General Motors announced that its Q3 2024 revenue reached $48.76 billion, with a net income of $3.1 billion and an adjusted EBIT of $4.115 billion. The company updated its full-year 2024 guidance, raising its net income expectations to $10.4-$11.1 billion and adjusted EBIT to $14.0-$15.0 billion. Additionally, GM’s EV sales reached approximately 32,000 units, expanding…
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GM | Q3 2024 Earnings
GM’s Q3 2024 earnings report shows EV sales reached approximately 32,000 units, expanding its U.S. EV market share to about 10%. The company maintained strong leadership in the full-size truck and SUV segments, achieving an adjusted EBIT of $4.1 billion in Q3 2024. GM aims to produce and sell around 200,000 EVs by 2025 and…
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General Motors | GM Ventures invests $10 million in Forge Nano to pursue better batteries
GM Ventures announced a $10 million investment in Forge Nano, aiming to enhance battery performance and reduce costs through advanced atomic layer deposition technology. The companies will collaborate to explore potential applications for GM’s batteries. Source: Here
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General Motors | Corvette ZR1 hits 233 mph with GM President Mark Reuss driving
The 2025 Chevrolet Corvette ZR1 became the fastest car built by an American automaker when GM President Mark Reuss drove it at 233 mph during a test in Germany. Source: Here
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General Motors | GM sees new vehicles and improving EV profitability driving continued growth
GM shared an optimistic outlook for 2025 with Wall Street analysts, highlighting its diverse EV portfolio and strong sales performance, achieving a record Q3 for EV sales and securing the position as the number two EV seller in North America. The company also expects profitability for EVs to improve as production volumes increase. Source: Here
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GM Defense｜Hosts Warrior Rising at Milford Proving Ground
September 23, 2024 GM Defense hosted leaders and members of the veteran support group Warrior Rising at Milford Proving Ground, showcasing GM’s advanced technologies. Warrior Rising is a nonprofit helping veterans succeed in business. Over 30 veterans test-drove the GMC HUMMER EV and Infantry Squad Vehicle, alongside Chevrolet Corvettes. Source: GM Defense (September 23, 2024)https://news.gm.com/newsroom.detail.html/Pages/news/us/en/2024/sep/0923-gmdefense.html