DETROIT – General Motors is reducing the price of its new Chevrolet Blazer EV as it restarts sales of the vehicle Friday following an 11-week stoppage to address software issues.GM halted sales of the EV in late December following reports by customers and media of problems involving the vehicle's infotainment and charging systems, including an inability to charge its battery that could leave drivers stranded.The issues all affected the vehicle's software and were fixed without any physical changes to the ve ...

PLEASANTON, Calif., March 7, 2024 /PRNewswire/ -- Neural Propulsion Systems (NPS), a pioneer in software-defined radar, today announced it secured a $17.5 million Series B funding round. The round is led by Cota Capital with contributions from GM Ventures, the venture capital arm of General Motors Co. (NYSE: GM), and RTX Ventures, the venture capital arm of RTX (NYSE: RTX). This collaboration marks a transformative step in enhancing roadway safety (benefiting pedestrians, drivers and all other traffic parti ...

Key TakeawaysGeneral Motors, Magna International, and Wipro are teaming up to develop a platform for businesses to buy and sell automotive software.The companies said that the platform, called SDVerse, will offer hundreds of software products.GM will hold a 46% stake in SDVerse, while Magna and Wipro will each have 27%. General Motors (GM), auto parts supplier Magna International (MGA), and information technology provider Wipro (WIT) are teaming up to develop a platform for businesses to buy and sell automo ...

The automotive sector offers a promising landscape for investors, particularly those eyeing top auto stocks to buy.Despite the headwinds over the past year, the current market dynamics and emerging trends create an opportune time to wager on auto stocks. According to the leading auto services provider, Cox Automotive’s projections indicate a shift with higher supply and lower prices, fueling expectations for new vehicle sales to surpass 2023 figures.Consequently, these three stocks stand out amidst this int ...

SDVerse serves as a ‘matchmaking' platform between buyers and sellers of embedded automotive softwareFocuses on matching automotive software buyers and sellers, over captive software developmentThe digital platform increases transparency and reduces inefficiencies in software development and procurementAmpere*, FEV, Forvia, HL Mando, NXP Semiconductors, TTTech Auto, and Valeo lead a "Launch Partner" group supporting SDVersePrashant Gulati has been named CEO of the new SDVerse organization effective March 5t ...

General Motors is recalling nearly 820,000 pickup trucks over a faulty electronic latch mechanism used to open the trucks’ tailgates, increasing the risk of road hazards and crashes.Detroit-based GM said in a safety recall notice earlier reported on by CNN that affected vehicles include 570,434 Chevy Silverado and GMC Sierra with model years between 2020 and 2024 in the US, while an additional 249,000 were sold in Canada.All of the gates on the affected trucks’ beds may short circuit if water gets into the ...

General Motors Company (GM) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this company have returned +5.4% over the past month versus the Zacks S&P 500 composite's +4.8% change. The Zacks Automotive - Domestic industry, to which General Motors Company belongs, has gained 6.3% over this period. Now the key question is: Where could the stock be headed in the near term?Althoug ...

General Motors is recalling about 820,000 pickups in North America because tailgates could unlatch and open unexpectedly. The recall covers certain 2020-2024 model year Chevrolet Silverado 2500, 3500, and GMC Sierra 2500 and 3500 vehicles that have power unlatching tailgates. The recall covers about 570,000 trucks in the U.S. and 250,000 in Canada – making it GM's largest U.S. recall of the year and one of the largest recalls filed in 2024 to date.The issue arises when the affected pickup trucks are parked ...

It has been about a month since the last earnings report for General Motors Company (GM) . Shares have added about 4.7% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is General Motors Company due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. General Motors Q4 Earning ...

General Motors (GM 1.12%) recently reported Q4 2023 financial results that shareholders rallied around. The business raked in $43 billion of revenue during the three-month period and posted adjusted earnings per share of $1.24. Both figures crushed Wall Street estimates.In the last three months, GM shares are up an incredible 43%. That gain beats the S&P 500's return by a wide margin.Is it time to buy this top automotive stock and hold it for the long term?Riding strong momentumGM's revenue in the fourth qu ...