General Motors News & Breaking Stories

Tesla's first quarter adjusted earnings plunged 48%, but plans for a lower-priced model send shares up 8% in after-market trading.

Rivian stock plunges 27% after disappointing investors. Company announces layoffs and $2.7 billion loss for 2024. EV market struggles.

Learn how lithium-ion batteries work and are manufactured in this viral video sponsored by LG Energy Solution and General Motors.

Buffalo Bills' newest additions, cornerback Rasul Douglas and defensive tackle Linval Joseph, are active and expected to play against the Cincinnati Bengals.

Illinois running back Kaden Feagin, a true freshman, has become the team's leading rusher after starter Reggie Love's injury. He scored his first collegiate touchdown in a win over Maryland and got his first score at Memorial Stadium the following week. Feagin is hoping to help his hometown team secure a postseason spot.

Ford has reached a tentative agreement with the United Automobile Workers (UAW) that includes a 25% wage increase and improved retirement benefits. The deal could influence future contracts with other automakers and potentially lead to increased costs. It is seen as a potential deterrent against labor unrest during Ford's transition to electric vehicles. Non-union automakers may face pressure to increase wages in response to Ford's move. The ability to produce innovative electric vehicles will be key in maintaining market position.

Former friend turned Republican rival Chris Christie compared Donald Trump to Donald Duck for "ducking" the GOP debate. Christie accused Trump of being afraid to defend his record.

Former President Donald Trump's campaign is shifting its focus from the second Republican debate to Michigan and the general election.

Dana Perino questions Trump's decision to skip the second Republican debate, calling it a missed opportunity.

Democrats show strong support for UAW workers as they go on strike against General Motors, Ford, and Stellantis.

General Motors (GM) has increased its contract offer to a 20% wage hike for US autoworkers in a bid to avoid a strike. Ford Motor has also confirmed it offered a 20% hike and other benefits. The United Auto Workers (UAW) is demanding 40% raises and major improvements in benefits. The UAW has outlined plans for a series of strikes targeting individual auto plants if agreements are not reached. The UAW is asking for 40% raises and major improvements in benefits. A full strike would hit earnings at each affected automaker by about $400 million to $500 million per week.

Super Bowl advertisers achieved significant gains in engagement and effectiveness, according to research by EDO. Advertisers spent $3.7bn on ads during the NFL regular season, which had an engagement rate 20% higher than the broadcast primetime average. During the playoffs, advertisers spent $632m, achieving an engagement rate 19% higher than the primetime average. Super Bowl LVII saw advertisers spend $757m, with an engagement rate 221% higher than the primetime average. The NFL had five of the top ten programs for TV advertising effectiveness, with Thanksgiving Day and Thursday Night Football games proving particularly impactful.

Rivian's stock drops despite better-than-expected quarterly results, analysts cautious about the company's future and stock direction.

Tesla reports Q2 profits up 20% due to increased car sales.