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GM Declares Quarterly Dividend
Prnewswire· 2024-01-29 21:00
DETROIT, Jan. 29, 2024 /PRNewswire/ -- General Motors Co. (NYSE: GM) announced today that its Board of Directors has declared a first-quarter 2024 cash dividend on the company's outstanding common stock of $0.12 per share payable March 14, 2024, to all common shareholders of record as of the close of trading on March 1, 2024. This represents a 33% increase over GM's previous quarterly dividend. General Motors (NYSE:GM) is a global company focused on advancing an all-electric future that is inclusive and acc ...
GM dealers are pleading for more hybrid car models amid EV slowdown: report
Market Watch· 2024-01-29 17:34
An influential set of General Motors Co. dealership owners have been asking the automaker for more hybrid vehicles, out of concern that they are missing out customers who aren’t ready for electric vehicles yet, the Wall Street Journal reported Monday.GM GM, +0.27%, Ford Motor Co. F, +0.22% and carmakers have pumped the brakes on their EV plans in recent months, while Tesla Inc. TSLA, +2.61% last week warned Wall Street that it could grow slower this year as it grapples with launching a new EV that would cos ...
GM(GM) - 2023 Q4 - Annual Report
2024-01-29 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Form 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ For the transition period from to Commission file number 001-34960 GENERAL MOTORS COMPANY (Exact name of registrant as specified in its charter) Delaware 27-0756180 (State or other jurisdiction of (I.R.S. Em ...
This Is How Much Apple's Top Executives Were Paid in 2023
24/7 Wall Street· 2024-01-28 16:48
This Is How Much Apple's Top Executives Were Paid in 2023 Justin Sullivan / Getty Images News via Getty Images Apple is one of the most successful, powerful, and wealthy companies in the history of the world. It’s hard to fully grasp just how much money flows through Apple, and how much control they have over the computer and smartphone industry. Just a fraction of that money is spent on top executives, but even that amount is still incredibly large compared to the regular earnings of the average American ...
GM robotaxi wing Cruise admits errors after October accident
Proactive Investors· 2024-01-26 16:00
General Motors Company (NYSE:GM)-owned Cruise has admitted errors were made following an incident last year of a pedestrian being dragged by one of its robotaxis after being thrown into its path. Cruise said on Thursday that it “failed to live up to the justifiable expectations of regulators” in the wake of the October 2 incident, which ultimately saw the autonomous taxi firm lose its licence to operate in California after being granted it in August. “We also fell woefully short of our own expectations,” a ...
GM's Cruise reveals dual US probes into grisly collision and company's response
The Guardian· 2024-01-26 03:00
GM’s Cruise self-driving car unit on Thursday revealed US Department of Justice and Securities and Exchange Commission probes stemming from an October collision in which one of its autonomous vehicles dragged a pedestrian who had been struck by another vehicle.Cruise reported the government investigations in a blog post in which the company also vowed to reform its culture stemming from a “failure of leadership” around the incident. The blog post did not disclose the status of the victim, who was dragged 20 ...
GM's Cruise discloses Justice Department, SEC probes into crash that injured pedestrian
Market Watch· 2024-01-25 22:54
Autonomous-vehicle company Cruise confirmed Thursday that the U.S. Justice Department and the Securities and Exchange Commission are among agencies that have opened investigations into an October crash that critically injured a pedestrian in San Francisco. In a blog post, Cruise, the self-driving unit of General Motors Co. GM, +1.33%, released results of an independent investigation into the Oct. 3 incident, in which a Cruise driverless car hit a pedestrian who had already been struck by another car. Aft ...
Probe into GM's Cruise finds poor leadership, culture issues at center of incident response
CNBC· 2024-01-25 20:00
Culture issues, ineptitude and poor leadership at General Motors' Cruise autonomous vehicle unit were at the center of regulatory oversights and coverup concerns that have plagued the company since October, according to the findings of a third-party probe. The report addresses, in part, controversy that has swirled around Cruise since an Oct. 2 accident in which a pedestrian in San Francisco was dragged 20 feet by a Cruise robotaxi after being struck by a separate vehicle. Results of the investigation, whic ...
GM-Honda Joint Venture Begins Hydrogen Fuel Cell Production
Investopedia· 2024-01-25 19:15
Key TakeawaysA joint venture between General Motors Co. and Honda Motor Co. has begun producing hydrogen fuel cells at a plant in Michigan.GM and Honda said hydrogen and fuel cell technology will play a key role in cutting greenhouse gas emissions from their vehicles, as well as in improving mobility.The Fuel Cell System Manufacturing (FCSM) plant will build fuel cells that the two automakers will use in various product applications and business ventures.General Motors Co. (GM) and Honda Motor Co. (HMC) Thu ...
General Motors Stock Revs Higher Before Earnings
Schaeffers Research· 2024-01-25 18:58
Auto manufacturer General Motors Company (NYSE:GM) is slated to report earnings before the open on Tuesday, Jan. 30. The Zacks Consensus Estimate for General Motors' fourth-quarter results are earnings of $1.09 per share on revenue of $43.34 billion.Looking at General Motors stock's earnings history, the stock was lower after five of its past eight post-earnings sessions, including losses after its last three consecutive reports. In the last eight quarters, GM averaged a swing of 3.5%, regardless of directi ...