General Motors’ robotaxi unit Cruise on Friday offered to pay $75,000 and step up its reporting of collisions and other incidents to resolve a California regulator’s probe into the company’s failure to disclose details of a pedestrian crash involving a self-driving car. Last month, the California Public Utilities Commission (CPUC) ordered Cruise to appear at a Feb. 6 hearing, citing it for misleading the commission "through omission" about the extent and seriousness of the accident and "for misleading publi ...

jetcityimage/iStock Editorial via Getty Images Here’s something about the auto major General Motors (NYSE:GM) to chew on. Its diluted earnings per share [EPS] have seen a compounded annual growth rate [CAGR] of 68% over the past five years. Yet, its share price is up by just 4.7% in this time. Even adding the dividends in, the total returns are up 12.2% (see chart below). Price and Total Returns (Source: Seeking Alpha) Right off the bat, then this indicates two aspects of the stock: The market valuat ...

In 2023, General Motors (GM) sold 2.6 million vehicles in the United States, representing an uptick of 14% year over year. The automaker led the industry in total sales and was a top seller of trucks, full-size pickups, full-size sport utility vehicles (“SUVs”), affordable SUVs and fleet vehicles.GM’s total market share grew 0.3 percentage points to 16.3%. Per Marissa West, senior vice president and president of GM North America, maintaining strong pricing and low incentives helped the automaker grow its ma ...

Buy GM Stock to Play the EV Strategy and Falling Rates, Says Analyst ...

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Key TakeawaysGeneral Motors said it would offer $7,500 in incentives to buyers of electric vehicles (EVs) that lost eligibility for tax credits due to new Treasury Department rules that took effect Monday.No GM EVs other than the Chevy Bolt qualify for the $7,500 tax credit as of Monday because they contain components from countries on a list of banned sources.The automaker said it will be changing its sourcing so that its vehicles will soon qualify for buyer tax credits under the new regulations.General Mo ...

Don’t look now, but electric-vehicle sales in the U.S. are just fine. ...

General Motors retained its crown as the top-selling automaker in the US in 2023, edging past rival Toyota Motor, as easing supply snags and sustained demand drive the industry to its best year since the pandemic.The Detroit automaker shrugged off a hit from a costly auto strike to report 2023 US new vehicle sales of 2,594,698 units, up 14.1% from last year, while Toyota’s annual sales rose 6.6% to 2,248,477 vehicles.Automakers are expected to have sold a total of 15,499,224 vehicles in the US in 2023, the ...

Shares of General Motors Co. GM, -2.62% took a 2.5% dive in midday trading Wednesday, even as the automaker said it sold 2.6 million vehicles in the U.S. in 2023, up 14% from a year ago and enough to lead the industry in total sales. GM said it grew market share by 0.3 percentage points in 2023, and said electric vehicle sales increased 93% to 75,883 EVs. While all of GM’s brands saw sales increase in 2023, the fourth quarter wasn’t as strong. During the last quarter, Chevrolet sales eased less than 1%, Ca ...