There's something investors can learn from GM's recent Cruise development.Oftentimes, when you've made a bad decision, the worst thing you can do is double down. The best approach can be cutting your losses and moving forward as well as possible. It's a hard lesson, but extremely valuable, and General Motors (GM -2.90%) is currently in the process of learning it after investing $10 billion in its Cruise autonomous vehicle program.The Detroit automaker had once vowed not to step off the accelerator of autono ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

WASHINGTON, Jan. 7, 2025 /PRNewswire/ -- GM Defense is providing next generation Suburban Shield armored vehicles to the Qatar Armed Forces and Special Forces Command for protected diplomatic security and VIP transport.The Suburban Shield is based on General Motors' full-size pickup truck and sport utility vehicle architecture. The vehicle features a high percentage of commercial parts, including the body, exterior, propulsion, interior, and brakes. GM Defense is providing next generation Suburban Shiel ...

The U.S. stock market staged a comeback on Friday, marking a sharp rebound after a subdued start to the new year. Investors ended the holiday-shortened week with optimism bolstered by expectations of potential rate cuts and the prospect of pro-business policies under the new regime. Technology stocks played a pivotal role in Friday’s rally.The S&P 500 rose 1.3% to close at 5,942.47, while the Nasdaq Composite Index jumped 1.8%, ending the session at 19,621.68. The Dow Jones Industrial Average climbed 0.8% t ...

Former Pioneer Natural Resources Managing Associate General Counsel Bryan L. Clark Joins Bracewell's Dallas OfficeJanuary 06, 2025 10:56 AM EST | Source: BracewellDallas, Texas--(Newsfile Corp. - January 6, 2025) - Bracewell LLP announced today that Bryan L. Clark has joined the firm's Dallas office as a partner in both the firm's oil and gas and energy transition practice groups. Clark is returning to private practice after serving for over a decade as the primary midstream counsel at Pioneer ...

General Motors Company (GM) had a robust 2024, achieving growth in U.S. sales and market share with its revamped lineup of electric and gas-powered vehicles. In 2024, GM’s total sales increased 4% to 2.7 million units, the company’s highest since 2019. GM estimates its 2024 market share at 16.5% and ended the year with 54 days of inventory, aligning with its target. All major brands — Chevrolet, GMC, Buick, and Cadillac — posted significant sales gains.In the fourth quarter, GM's sales rose 21% year over ye ...

General Motors (NYSE: GM ) trades for an extraordinarily low valuation for a company in the S&P 500. Compared to the index average of almost 30x earnings, General Motors trades for under six times earnings, a sizable differential. So what justifies this lowDaly Asset Management is a Maryland based C-Corp designed to aggressively grow the owners assets. We pursue deep value investments, companies with unrecognized growth potential, and employ options to outsize returns. We intend to publish research roughly ...

Share Price Decline - Shares of Air Products declined by 13.2% in December, driven by administrative matters rather than end markets or operational issues [1] Activist Hedge Fund Involvement - Mantle Ridge, an activist hedge fund owning 1.8% of Air Products' stock, initiated a conflict with the company's management in December [2] - Mantle Ridge proposed four independent candidates to the Board, including former Praxair CEO Dennis Reilley, and aims to appoint Eduardo Menezes as CEO [3] - The hedge fund filed a proxy statement urging investors to vote for its nominees at the AGM on Jan 23, citing underperformance and management problems [4] Air Products' Response - Air Products' Board criticized Mantle Ridge's track record, citing its history of value destruction and lack of a serious plan [5] - The Board highlighted Mantle Ridge's three successive settlements with companies and subsequent stock underperformance [5] - The Board questioned the qualifications of Mantle Ridge's proposed candidates, noting Menezes' lack of CEO experience and Reilley's absence from operational roles for over 17 years [5] Ongoing Battle - Both parties have issued investor presentations outlining their strategies, setting the stage for a continued battle for shareholder support leading up to the AGM on Jan 23 [6] - The share price decline may reflect market speculation about Mantle Ridge's potential success, with uncertainty expected to persist until the AGM [6]

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