Cruise has started testing its autonomous vehicles in Phoenix, with plans to begin “supervised” driving in the city more than six months after the GM self-driving subsidiary halted its driverless operations across the United States.Cruise announced Monday in a blog post that it will begin testing two vehicles in autonomous mode on public roads in metro Phoenix. A human safety operator will be behind the wheel during this phase of testing, according to the company. Another eight Cruise autonomous vehicles wi ...

American automakers and their non-Chinese counterparts are fighting an existential battle, as local rivals in China outpace them.Chinese companies flush with government investments and subsidies have leapfrogged the competition in electric vehicle technology and software. U.S. automaker sales have fallen dramatically since their peak a few years ago."I don't want to sound overly dramatic," said Michael Dunne of Dunne Insights, who has been studying markets in China and other Asian countries for nearly 30 ye ...

GM's Shares Surge 25% In 2024 JHVEPhoto / iStock Editorial via Getty Images It’s been a tough year for car stocks. Even Toyota (NYSE: TM), often viewed as the best-run car company in the world, saw its shares dip recently. However, its stock is up 19% year to date. That is well below the stock of America’s No.1 manufacturer. GM’s (NYSE: GM) shares have surged 26%. The S&P 500 is higher by 9%.According to Yahoo! Finance, the recent analyst calls are positive. Barclay held its rating of “overweight.” Bernst ...

The auto sector is entering an exciting and more lucrative era. That’s because automakers are starting to charge subscription fees for high-tech services. I believe that these companies will soon also start offering to track the well-being of various components within vehicles in exchange for fees. Which may transform them into the one of the best auto stocks investors want to buy. Of course, for the owners of electric vehicles, keeping informed about the welfare and needs of their EV’s batteries is extreme ...

Despite the inflation concerns and the market ups and downs, 2024 will be a much better year for investors compared to 2023. The current market situation may not seem like it, but we’ve seen better days in the past few months. The earnings season is boosting the stock market, and the outlook could improve as we progress through the year. This is an ideal time to move away from the hot and attractive stocks and look at the undervalued sleeper stocks with high upside potential.An early-mover advantage can rea ...

GM President Mark Reuss announces a $2.2 billion investment in the automaker's Detroit-Hamtramck Assembly plant in Michigan for new all-electric trucks and autonomous vehicles on Jan. 27, 2020.Reuss also touted the competitiveness of GM's Chinese joint venture partners such as Wuling Motors. GM first established operations in China in 1997.GM's market share in China, including its joint ventures, has plummeted from roughly 15% as recently as 2015 to 8.6% last year — the first time it has dropped below 9% si ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about General Motors (GM) .General Motors currently has an average brok ...

In this articleGMMary Barra, chair and chief executive officer of General Motors Co., during a news conference at the Hudson's building in Detroit, Michigan, US, on Monday, April 15, 2024. Jeff Kowalsky | Bloomberg | Getty ImagesDEROIT – General Motors CEO Mary Barra has been aggressive in exiting unprofitable or underperforming markets over the past decade, but leaving the automaker's latest problematic country would be far more difficult than others.China was once a profit engine for GM, and its top sales ...

General Motors General Motors has been named as a Top 25 dividend stock, according the most recent Dividend Channel ''DividendRank'' report. The report noted that among the coverage universe, GM shares displayed both attractive valuation metrics and strong profitability metrics. The report also cited the strong quarterly dividend history at General Motors, and favorable long-term multi-year growth rates in key fundamental data points.The Top 25 DividendRank'ed Stocks »The report stated, ''Dividend investors ...

After General Motors (NYSE:GM) reported excellent first quarter results on April 23, it’s clear that the automaker is benefiting from rising wages in the U.S. and its popular vehicles. Meanwhile, the stock’s valuation remains very low, and it has pleased investors with its recent, shareholder-friendly moves. Finally, many Wall Street banks have turned very bullish on General Motors stock. The automaker will likely be well-prepared for the rising adoption of electric vehicles in the longer term.Given all of ...