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GM recalls 17K vehicles over rear toe link fracture that could lead to crashes
Fox Business· 2026-03-12 03:45
Core Viewpoint - General Motors has issued a recall affecting over 17,000 vehicles due to a rear toe link fracture that increases the risk of a crash [1] Group 1: Recall Details - The recall affects approximately 17,050 Buick vehicles, specifically targeting the rear toe link fracture that can lead to loss of vehicle control [1] - The affected models include about 4,751 2012 Buick Regals and approximately 12,299 2013 Buick Regals sold or registered in over 20 "high corrosion" states [2][5] - Only about 1% of the recalled vehicles may have the defect, attributed to a supplier's failure to apply proper corrosion protection [7] Group 2: Geographic Scope - The "high corrosion" states include Connecticut, Delaware, Illinois, Indiana, Iowa, Kentucky, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, Vermont, Virginia, West Virginia, and Wisconsin, along with Washington, D.C. [5] Group 3: Remedial Actions - General Motors dealerships will replace the rear suspension toe links and adjuster fasteners at no cost to the owners [9] - Owner notification letters are expected to be mailed on April 13 [9]
Why Is General Motors Betting on India's Auto Parts Market?
ZACKS· 2026-03-11 14:41
Key Takeaways GM relaunches ACDelco in India via a licensing deal with Assurance to produce batteries and lubricants.GM targets India's 300M vehicles and a $12B aftermarket rather than re-enter the crowded new-car market.GM'S partner Assurance is investing Rs180cr in lubes and Rs300cr in batteries, aiming for 25k units daily.General Motors Company (GM) is re-entering the world’s third-largest car market in a different way several years after leaving India. Rather than returning to sell vehicles, the Detroit ...
Does Iran War Show Ford And GM Turned In The Wrong Direction?
Yahoo Finance· 2026-03-11 13:30
Quick Read One Advantage To EVs Is Low Fuel Prices If gas hits $5, Are EV’s More Attractive? Did GM and Ford Give Up On EVs Too Early? The analyst who called NVIDIA in 2010 just named his top 10 AI stocks. Get them here FREE. The war in Iran could be over in a week or drag on for months. Old tankers may start to make their way through the Strait of Hormuz next week. Or, they could be bottled up indefinitely. The International Energy Agency may release 400 million barrels of oil to ease the terr ...
How Did General Motors Make the 2027 Bolt Its Most Affordable EV?
ZACKS· 2026-03-10 15:41
Key Takeaways GM prices the 2027 Chevrolet Bolt at $28,995, positioning it as the most affordable EV in the United States.GM cut costs mainly through economies of scale and shared EV components with models like Chevrolet Equinox EV.GM adds an LFP battery enabling up to 150 kW charging and about 15 more miles of range.General Motors Company’s (GM) 2027 Chevrolet Bolt will start at an MSRP of $28,995, making it the most affordable EV in the United States. The company aimed to improve the new model over its pr ...
Major General Malcolm B. Frost (Ret.
Globenewswire· 2026-03-10 12:12
Core Insights - Gaxos.ai Inc. has announced the appointment of retired Major General Malcolm B. Frost to the America First Defense (AFD) Drone and Robotics Advisory Council, aimed at guiding next-generation counter-drone innovation, AI, and robotics [1][3] Group 1: Company Overview - Gaxos.ai is focused on developing artificial intelligence applications across various high-growth sectors, including defense, health, and productivity [7] - America First Defense specializes in advanced defense systems, particularly airborne counter-drone technology and biomimetic soft robotics for defense and homeland security [6] Group 2: Leadership and Expertise - Major General Frost brings extensive operational and strategic experience in modern warfare and advanced defense technologies, having held multiple senior leadership roles in the U.S. Army [2] - His role at AFD will involve advising on AI-driven autonomous systems and drone defense technologies to address national security threats [3][4] Group 3: Market Focus - AFD is concentrating on the rapidly expanding counter-drone and autonomous defense systems market, which is expected to grow significantly as governments seek effective tools to counter hostile unmanned aerial systems [5]
V2X Extends Strategic Partnership with General Motors to Deliver Advanced Technical Training Nationwide
Prnewswire· 2026-03-10 11:30
V2X Extends Strategic Partnership with General Motors to Deliver Advanced Technical Training Nationwide Accessibility Statement Skip NavigationRESTON, Va., March 10, 2026 /PRNewswire/ -- V2X, Inc. (NYSE: VVX) today announces the extension of its longstanding partnership with General Motors (NYSE: GM), underscoring a continued commitment to technical excellence and workforce development across GM's nearly 4,000 U.S. dealerships. Under this multi-year contract, valued at over $100 million and now extended thr ...
Record Truck Profits, a $7 Billion EV Write Off, and a Market That Doesn’t Care
Yahoo Finance· 2026-03-10 11:19
Core Viewpoint - General Motors (GM) is facing significant challenges as it navigates the transition to electric vehicles (EVs) while dealing with rising oil prices, which complicates its strategic decisions and market positioning [2][6]. Financial Performance - GM's Q4 EBIT-adjusted was $2.8 billion, reflecting a 13.3% year-over-year increase, with EBIT margin expanding to 6.1% from 5.3% [3]. - The company reported a net loss of $3.3 billion for Q4 due to $7.2 billion in special charges related to EV capacity realignment, despite an adjusted earnings beat [7]. - Full-year 2025 net income fell 55.11% year-over-year to $2.70 billion, although operating cash flow increased significantly [7]. Market Position and Strategy - GM holds a 17.2% share of the U.S. truck market, with North American plants operating at 113.7% two-shift utilization [3]. - The company raised its dividend by 20% to $0.18 per share and authorized a new $6 billion buyback [3]. - The 2026 guidance projects adjusted EPS between $11 and $13 [3]. EV Strategy and Market Sentiment - GM and Ford are both experiencing significant write-offs related to their EV strategies, with GM's recent write-off coinciding with oil prices hitting $100 per barrel, creating a strategic dilemma [2][6]. - Retail investors are concerned about the high costs associated with the transition to EVs, especially as EV incentives have diminished [5]. - Fleet sales as a share of total volume increased to 19.6% from 16.9%, indicating a shift towards lower-margin sales that may impact profitability [7].
Record Truck Profits, a $7 Billion EV Write Off, and a Market That Doesn't Care
247Wallst· 2026-03-10 11:19
Group 1 - General Motors (GM) is down 9.61% year-to-date at $73.34 after incurring $7.2 billion in Q4 electric vehicle (EV) charges [1] - Ford (F) fell 7.18% year-to-date to $12.06 after $10.7 billion in Q4 EV impairments, with projected losses of $4 to $4.5 billion for 2026 [1] - Oil prices reached $100 per barrel, coinciding with GM and Ford's significant write-offs to exit EV capacity, creating a strategic dilemma for both companies [1] Group 2 - GM's Q4 EBIT-adjusted was $2.8 billion, a 13.3% increase year-over-year, with an EBIT margin expanding to 6.1% from 5.3% [1] - GM's North American plants operated at 113.7% two-shift utilization, holding a 17.2% share of the U.S. truck market [1] - Management raised the dividend by 20% to $0.18 per share and authorized a new $6 billion buyback, with 2026 guidance for adjusted EPS of $11 to $13 [1] Group 3 - Fleet sales as a share of total volume increased to 19.6% from 16.9%, indicating a lower-margin mix shift that pressures profitability [1] - GM's full-year 2025 net income fell 55.11% year-over-year to $2.70 billion, despite a significant rise in operating cash flow [1] - GM reported a net loss of $3.3 billion for Q4 due to over $7.2 billion in special charges related to EV capacity realignment [1] Group 4 - Ford is down 8.6% year-to-date at $11.98 after absorbing $10.7 billion in Model e asset impairments in Q4, with additional projected EV losses for 2026 [1] - Despite achieving its best U.S. market share in six years, Ford trades at a forward sales multiple of 0.28 compared to the industry average of 3.29 [1] - Both GM and Ford are generating real cash but are not receiving adequate market credit for it, as the market awaits clarity on the costs of the EV transition [1]
Grupo Aeroportuario del Pacifico Announces Annual Ordinary General Shareholder's Meeting
Globenewswire· 2026-03-09 22:10
GUADALAJARA, Mexico, March 09, 2026 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) announces the following: Pursuant to a resolution adopted by the Board of Directors at its meeting held on February 23, 2026, and in accordance with Articles 180, 181 and other applicable articles of the Mexican General Corporations Law, as well as Article Thirty-Fifth of the Company’s bylaws, GAP invite its shareholders to the Annual Ordinary General Shareh ...
GM figured out how to navigate EV uncertainty with the Chevy Bolt
TechCrunch· 2026-03-09 17:29
Die-hard Chevrolet Bolt fans rejoiced when General Motors announced it was bringing a refreshed version of the EV subcompact back into production. The GM brand gave a lot of credit to those owners — and to Bolt supporters within General Motors — for the car’s revival. But fandom alone doesn’t restart a multimillion-dollar program. The math has to pencil out in more ways than one. An examination of GM’s business and market conditions at the time it was approved hints at what compelled the automaker to bring ...