Tag: GM

GM’s feeling the heat after the US pulled the plug on the $7,500 EV tax credit

GM is suddenly shaking up electric vehicle production plans after issuing a stark warning. The automaker warned that new US policy changes, including killing off the $7,500 EV tax credit, will cost it at least $1.6 billion. GM shifts plans as the EV tax credit expires Although GM set another record by delivering 66,501 electric… Continue reading GM’s feeling the heat after the US pulled the plug on the $7,500 EV tax credit

GM to take $1.6 billion charge related to EV pullback

A Chevrolet Silverado EV and a Chevrolet Brightdrop, which is assembled in Canada, are seen on display at the Canadian International AutoShow in Toronto, Ontario, Canada, February 13, 2025.  Carlos Osorio | Reuters DETROIT — General Motors’ third-quarter results next week will include a $1.6 billion impact from its all-electric vehicle plans not playing out… Continue reading GM to take $1.6 billion charge related to EV pullback

@FCA: Stellantis to Invest $13 Billion to Grow in the United States

October 14, 2025 , Auburn Hills, Mich. –  Stellantis announced today plans to invest $13 billion over the next four years to grow its business in the critical United States market and to increase its domestic manufacturing footprint. The investment is the largest in the Company’s 100-year U.S. history and will support the introduction of five… Continue reading @FCA: Stellantis to Invest $13 Billion to Grow in the United States

Stellantis to Invest $13 Billion to Grow in the United States

AUBURN HILLS, Mich., Oct. 14, 2025 /PRNewswire/ — Expands U.S. Production by 50% With Five New Vehicle Launches and 19 Product Actions Over Next Four Years, Adding More Than 5,000 New Jobs at Plants in Illinois, Ohio, Michigan and Indiana Continue Reading Stellantis announced plans to invest $13 billion over the next four years to… Continue reading Stellantis to Invest $13 Billion to Grow in the United States

This Breast Cancer Awareness Month, Patient-First Innovation — In Collaboration with Triple Ring

Behind the scenes of two breakthrough devices — Malcova’s patient-focused breast imaging and Leo Cancer Care’s upright radiation therapy — are engineers rethinking what it means to care for patients. SILICON VALLEY, Calif., Oct. 14, 2025 /PRNewswire/ — Breast Cancer Awareness Month is a reminder that technology saves lives when patients are at the center… Continue reading This Breast Cancer Awareness Month, Patient-First Innovation — In Collaboration with Triple Ring

General Motors Set to Report Q3 Earnings: Here’s What to Expect

General Motors GM is slated to release third-quarter 2025 results on Oct. 21, before the opening bell. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings and revenues is pegged at $2.26 per share and $44.19 billion, respectively. The consensus estimate for the to-be-reported quarter’s earnings has moved south by 6 cents over the past… Continue reading General Motors Set to Report Q3 Earnings: Here’s What to Expect

General Motors Set to Report Q3 Earnings: Here’s What to Expect

General Motors GM is slated to release third-quarter 2025 results on Oct. 21, before the opening bell. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings and revenues is pegged at $2.26 per share and $44.19 billion, respectively. The consensus estimate for the to-be-reported quarter’s earnings has moved south by 6 cents over the past… Continue reading General Motors Set to Report Q3 Earnings: Here’s What to Expect

GM to take a $1.6 billion hit as tax incentives for EVs are slashed and emission rules ease

General Motors will record a negative impact of $1.6 billion in its next quarter after tax incentives for electric vehicles were slashed by the U.S. and rules governing emissions are relaxed. Shares fell less than 2% before the opening bell Tuesday. The EV tax credit ended last month. The clean vehicle tax credit was worth… Continue reading GM to take a $1.6 billion hit as tax incentives for EVs are slashed and emission rules ease