General Motors Co. (NYSE:GM) is reportedly eyeing its current Chief Product Officer, Sterling Anderson, who was also formerly a Tesla Inc. (NASDAQ:TSLA) Autopilot exec and co-founder of Aurora Innovation Inc. (NASDAQ:AUR) , as the company's next CEO.Check out the current price of GM Stock here.Sterling Anderson To Succeed Mary Barra?Anderson could be gearing up to succeed GM's current CEO, Mary Barra, according to a report by Bloomberg on Thursday. The report suggests that Anderson could replace Barra if he ...

General Motors Co. (NYSE:GM) AI Chief Barak Turovsky has stepped down just eight months after joining the automaker.Physical AI Is Just As ExcitingTurovsky, in a post on the social media platform LinkedIn on Monday, announced that he was leaving his role with GM and added that physical AI was "just as exciting as LLMs."Source: Barak Turovsky via LinkedInTurovsky didn't announce his next role, but said that he would be "taking a sabbatical" to work on some "exciting new ideas." GM had hired Turovsky in a rol ...

Group 1: Electric Vehicle (EV) Market Trends - Alexis Ohanian highlighted the global rise in EV adoption, noting that one in five cars sold worldwide is now electric, as reported by the International Energy Agency (IEA) [2] - Ohanian emphasized the importance of creating products that resonate with consumers and the significant growth of EVs over the past decade [2] Group 2: Tesla Developments - A fire incident at a Tesla showroom in Pennes-Mirabeau, France, resulted in the destruction of over 24 Tesla vehicles, despite the efforts of nearly 50 firefighters [4] - Elon Musk sarcastically responded to Waymo's announcement of its fleet size, which now includes 2,500 Robotaxis, by stating "Rookie numbers" [4] Group 3: Competitor Activities - General Motors has commenced production of the Chevrolet Bolt EV, which features a 255-mile range and improved charging capabilities, set to arrive at dealerships in January [6] - Ford CEO Jim Farley praised the EV technology of Tesla and Chinese competitors, noting that the Mustang Mach-E has over 1.6 km more electrical wiring than the Tesla Model 3 [7]

General Motors Co. (NYSE:GM) has kicked off the production of the Chevrolet Bolt EV, the company's most affordable electric vehicle in the U.S.Production Kicked Off At Fairfax PlantThe production for the vehicle has begun at GM’s Fairfax plant in Kansas, with the vehicle set to arrive at dealerships in January, GM Authority reported on Wednesday. The news comes after the company revealed the vehicle in October, with the base LT trim retailing for $28,995.The vehicle features significantly faster charging th ...

Core Viewpoint - General Motors (GM) has ceased production of the BrightDrop Fleet van in Ontario due to slower-than-expected market demand for commercial electric vans [2][3]. Group 1: Production Decision - GM's CEO, Mary Barra, announced the halt of BrightDrop production at the CAMI Assembly, affecting over 1,200 workers, many of whom have faced layoffs since Spring 2025 [2]. - The decision reflects the slower development of the commercial electric van market, prompting GM to reassess future opportunities at the site [2]. Group 2: Commitment to EVs - Despite the production halt, GM remains committed to electric vehicles (EVs), with Barra stating that EVs are the company's "North Star" and emphasizing continued investment in new battery technologies and architectural improvements [3]. - GM recently reported a $1.6 billion charge related to EVs, with over $1.2 billion attributed to capacity adjustments and $0.4 billion from contract cancellations [4]. Group 3: Market Dynamics - GM's CFO, Paul Jacobson, noted that competitors are selling EVs at below-average prices following the end of the Federal EV Credit on September 30 [5]. - The company has rolled back proposed extensions to EV incentives, indicating a potential shift in its EV strategy, although it recently launched the Chevrolet Bolt EV priced around $29,000 [6]. Group 4: Financial Insights - GM is perceived to have good momentum and value, scoring satisfactorily on quality and growth metrics, with a favorable price trend in the medium and long term [7].

Core Insights - Tesla's battery supplier CATL and rival BYD continue to lead the global EV battery market in 2025 [1] Group 1: Global Battery Market Growth - Global battery installations from January to August reached 691.3 GWh, representing a 34.9% year-over-year increase [2] - CATL maintained the top position in global battery usage with a 31.9% growth, totaling 254.5 GWh [2] - BYD secured the second position with a significant growth rate of 50.3%, amounting to 124.8 GWh [2] Group 2: Company Rankings and Partnerships - LG Energy Solutions ranked third with a 13.3% growth, achieving 67.4 GWh of battery installations and capturing 9.7% of the global market [3] - LG Energy Solutions signed a $4.3 billion deal to supply Tesla with LFP batteries for energy storage units [3] - SK On ranked fifth with a 4.2% market share, accounting for 29.2 GWh of installations and growing 20.3% [4] - SK On has a partnership with Ford to manufacture batteries at the BlueOval SK plant in Kentucky [4]

Core Insights - Tesla Inc. has introduced affordable trims of the Model Y and Model 3 in the U.S. priced at $39,990 and $36,990 respectively, highlighting a competitive shift in the EV market [1] Group 1: Affordable EV Options - General Motors Co. has launched the Chevrolet Bolt EV, priced at $28,995 for the base LT trim and $32,000 for the RS trim, offering a range of 255 miles powered by a 65 kWh LFP battery [2] - Hyundai Motor Co. offers the Kona Electric at an MSRP of $32,975, featuring a 48.6 kWh battery with a range of 200 miles, and a higher trim with a 64.8 kWh battery providing 260 miles of range priced at around $41,150 [3][4] - Nissan Motor Co. continues to market the Leaf as an affordable option at $29,990 for the base trim, which provides a 300-mile range with a 75 kWh battery and supports 150 kW fast-charging [5] - Toyota Motor Corp's bZ is priced at $34,990, equipped with a 74.7 kWh battery offering a range of 314 miles for the XLE FWD Plus trim, while the Limited trim is priced at $43,330 with a 299-mile range [7][8] Group 2: Industry Developments - Nissan has issued a recall for over 19,077 units from the 2021 and 2022 model years due to a potential fire risk related to the Level 3 Quick Charging port [6] - Toyota has announced a partnership with Sumitomo Metal Mining Co., Ltd. to develop solid-state EV batteries, aiming for improved range and faster charging times [8]

Group 1: California's EV Incentives and Policies - California will not offer state incentives for EVs after the September 30 deadline for the $7,500 Federal EV Credit [1][3] - Governor Gavin Newsom criticized General Motors (GM) and its CEO for lobbying against California's EV mandate aimed at phasing out internal combustion engine vehicles by 2035 [2][4] - Newsom stated that the state cannot compensate for the loss of federal tax credits and will focus on supporting charging infrastructure instead [3] Group 2: General Motors' Strategy and Investments - GM initially opposed California's EV mandate, citing slow market demand for EVs and concerns over emissions standards [4] - Despite opposition, GM is advancing its EV strategy with the Chevrolet Bolt EV priced at $30,000, utilizing LFP batteries from CATL until 2027 [5] - GM has launched 200 fast-charging stations across 40 states in partnership with EVgo Inc. and Pilot Company, enhancing its charging network [6] Group 3: GM's Continued Investment in ICE Vehicles - GM is also investing significantly in internal combustion engine vehicles, with over $888 million allocated to its V-8 manufacturing facility in Buffalo, NY [7]

Trade Negotiations - South Korea's trade negotiations with the U.S. regarding auto tariffs are ongoing, particularly in light of the recent ICE raid at Hyundai's battery plant in Georgia [1] - A 15% tariff agreement is reportedly in place, but there are differing views on the execution of a $350 billion investment package, which is a key component of the negotiations [3] Visa Issues - South Korea's top trade negotiator emphasized the need for a quick resolution to visa issues affecting South Korean nationals [2] Immigration and Corporate Compliance - Following the ICE raids, South Korean nationals were deported back to South Korea, highlighting the importance of compliance with U.S. immigration laws for foreign companies [4] - President Trump urged foreign companies to respect immigration laws and indicated support for those wishing to bring skilled workers into the U.S. [5] Partnerships and Future Models - General Motors announced a partnership with Hyundai to introduce over five new models, with the first expected to launch in 2028, targeting an annual production of 800,000 units [6] - GM is also collaborating with LG Energy Solutions to produce LFP batteries for the Chevrolet Bolt EV starting in 2027 [7]

Group 1 - General Motors (GM) will move production of a gas-powered SUV to Michigan and increase manufacturing of pickup trucks in the state to meet strong customer demand [1][2] - The Cadillac Escalade, Chevrolet Silverado, and GMC Sierra light-duty pickups will begin production at the Orion Assembly plant in early 2027 [2][3] - The Orion Assembly plant is being retooled for gas products, and this move is part of GM's $4 billion investment in U.S. facilities announced in June [4] Group 2 - The Silverado and Sierra trucks will continue to be produced in Fort Wayne, Indiana, while additional production will occur at the Orion Assembly plant due to high demand [3][4] - GM's previous commitment to exclusively offer electric vehicles (EVs) by 2035 has been adjusted due to slower-than-expected customer demand for EVs [5]