The X-News Explorer is the ultimate source of information for investors with an affinity for the stock market who want to get a quick and convenient overview of the current news situation of a listed company. Various newswire services are available here. If a news alert is displayed, you will find company news that may be of interest to you. This service is provided by PR-Newswire.
DETROIT, Jan. 28, 2025 /PRNewswire/ -- General Motors (NYSE: GM) today reported full-year 2024 net income attributable to shareholders of $6.0 billion and EBIT-adjusted of $14.9 billion. Fourth-quarter 2024 net income attributable to shareholders was a loss of $3.0 billion and EBIT-adjusted was $2.5 billion.
Fourth quarter net income was reduced by more than $5 billion in special charges driven primarily by $4 billion of non-cash restructuring charges and impairment of our interests in certain China Joint Ventures, and $0.5 billion in charges related to the decision to stop funding the Cruise robotaxi business.
DETROIT, Jan. 27, 2025 /PRNewswire/ -- General Motors (NYSE: GM) announced today that its Board of Directors has declared a quarterly cash dividend on the company's outstanding common stock of $0.12 per share, payable March 20, 2025, to holders of the Company's common stock at the close of trading on March 7, 2025.
General Motors (NYSE:GM) is driving the future of transportation, leveraging advanced technology to build safer, smarter, and lower emission cars, trucks, and SUVs. GM's Buick, Cadillac, Chevrolet, and GMC brands offer a broad portfolio of innovative gasoline-powered vehicles and the industry's widest range of EVs, as we move to an all-electric future. Learn more at GM.com.
WASHINGTON, Jan. 7, 2025 /PRNewswire/ -- GM Defense is providing next generation Suburban Shield armored vehicles to the Qatar Armed Forces and Special Forces Command for protected diplomatic security and VIP transport.
The Suburban Shield is based on General Motors' full-size pickup truck and sport utility vehicle architecture. The vehicle features a high percentage of commercial parts, including the body, exterior, propulsion, interior, and brakes.
WASHINGTON, Jan. 7, 2025 /PRNewswire/ -- GM Defense is providing next generation Suburban Shield armored vehicles to the Qatar Armed Forces and Special Forces Command for protected diplomatic security and VIP transport.
The Suburban Shield is based on General Motors' full-size pickup truck and sport utility vehicle architecture. The vehicle features a high percentage of commercial parts, including the body, exterior, propulsion, interior, and brakes.
Suburban Shield includes a new and unique body-on-frame chassis and suspension system, designed to support increased vehicle weight and performance requirements. The vehicle leverages digital engineering and GM's global quality management system to realize efficiencies throughout the development phase while ensuring the highest levels of quality and performance.
MONTREAL, Dec. 17, 2024 /CNW/ - Canada Growth Fund Inc. ("CGF") is pleased to announce that it has entered into a definitive agreement with respect to a ~C$35.6 million private placement with Nouveau Monde Graphite Inc. (TSXV: NOU) (NYSE: NMG) ("NMG"), a Québec-based integrated graphite mining and processing company. With operations in Saint-Michel-des-Saints and Bécancour, NMG is developing an integrated value chain to transform natural graphite into active anode material, a critical component of lithium-ion batteries. NMG's Phase-2 Matawinie Mine and Bécancour Battery Material Plant represent one of the most advanced integrated critical minerals opportunities in Canada and will support North America's efforts to build more resilient supply chains to the benefit of their domestic economies.
Sure, you can caravan with your friends across the Bay Bridge....but imagine doing it with your hands off the steering wheel.
SAN FRANCISCO, Nov. 18, 2024 /PRNewswire/ -- General Motors made history recently, driving all 20 of our Super Cruise-enabled models in a record-breaking hands-free caravan across the Bay Bridge linking San Francisco and Oakland, the largest of its kind in history.
CONCORD, N.C., Oct. 28, 2024 /PRNewswire/ -- GM Defense has completed production of the first vehicles in support of the Diplomatic Security Service's Heavy-Duty armored Sport Utility Vehicle (HD SUV) program. DSS is the law enforcement and security arm of the U.S. Department of State.
GM marked the milestone event with Assistant Secretary of State for Diplomatic Security Gentry Smith and other key stakeholders at GM Defense's Concord, North Carolina-based Manufacturing and Customer Innovation Center.
DETROIT, Oct. 22, 2024 /PRNewswire/ -- General Motors (NYSE: GM) today reported third-quarter 2024 revenue of $48.8 billion, net income attributable to stockholders of $3.1 billion, and EBIT-adjusted of $4.1 billion.
GM is also updating its 2024 full-year earnings guidance for the third consecutive quarter:
Updated 2024 Guidance
Previous 2024 Guidance
Net income attributable to stockholders
$10.4 billion - $11.1 billion
$10.0 billion - $11.4 billion
EBIT-adjusted
$14.0 billion - $15.0 billion
$13.0 billion - $15.0 billion
Automotive operating cash flow
$22.0 billion - $24.0 billion
$19.2 billion - $22.2 billion
Adjusted automotive free cash flow
$12.5 billion - $13.5 billion
$9.5 billion - $11.5 billion
EPS-diluted
$9.14 - $9.64
$8.93 - $9.93
EPS-diluted-adjusted
$10.00 - $10.50
$9.50 - $10.50
DETROIT, Oct. 21, 2024 /PRNewswire/ -- General Motors (NYSE: GM) announced today that its Board of Directors has declared a fourth-quarter 2024 cash dividend on the company's outstanding common stock of $0.12 per share payable Dec. 19, 2024, to all common shareholders of record as of the close of trading on Dec. 6, 2024.
General Motors (NYSE:GM) is driving the future of transportation, leveraging advanced technology to build safer, smarter, and lower emission cars, trucks, and SUVs. GM's Buick, Cadillac, Chevrolet, and GMC brands offer a broad portfolio of innovative gasoline-powered vehicles and the industry's widest range of EVs, as we move to an all-electric future. Learn more at GM.com.