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GM extends SAIC partnership with new 20-year agreement following China overhaul
InvestorsHub50d agobullish
GM extends SAIC partnership with new 20-year agreement following China overhaul

General Motors (NYSE:GM) has renewed its joint venture with China’s SAIC Motor for another 20 years, marking a new chapter for the partnership after a major restructuring of its operations in the Chinese market that included factory closures and a streamlined vehicle lineup. The renewed agreement preserves the companies’ 50-50 ownership structure and places greater emphasis on developing vehicles within China to better meet the preferences of local consumers.

Ford and GM Attempts to Go Beyond Cars Deserve Skepticism
The Wall Street Journal55d agoneutral
Ford and GM Attempts to Go Beyond Cars Deserve Skepticism

Ford Motor and General Motors are looking beyond cars. In May, Ford’s shares surged as much as 45%, adding nearly $23 billion of market value, in the weeks after it formally announced Ford Energy, a grid-scale battery-storage business that will serve the power needs of artificial-intelligence hyperscalers and utilities. Its shares have since moderated, but are still up more than 20% since the Ford Energy launch.

Why Americans are leasing fewer cars
Reuters56d agoneutral
Why Americans are leasing fewer cars

DETROIT, July 30 (Reuters) - Vehicle leasing has declined in the United States in recent years, curbing what has long been a preferred route to new wheels for many car shoppers. Before the pandemic, leasing accounted for around 30% of the U.

Bloomberg58d agobullish
After Ford Soars 44% on AI Fever, Traders Want Proof It’s Real

(Bloomberg) -- Two months after Ford Motor Co. became the latest old-economy manufacturer to be swept up in the artificial-intelligence rally, investors are looking for proof the enthusiasm was justified. Most Read from BloombergNvidia’s $750 Billion in Deals Reignite Circular AI FearsChip Rout Deepens on Circular Funding, China Competition FearsCitadel Securities Sees Warsh Delivering Surprise Fed HikeDeepSeek Suspends Fundraising After Viral US-China PostsS&P 500 Wobbles as AI Angst Offsets Oi