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GM Faces Safety Probe Over Engine-Failure Concerns in Nearly One Million Vehicles
The Wall Street Journal34d agobearish
GM Faces Safety Probe Over Engine-Failure Concerns in Nearly One Million Vehicles

Federal auto-safety regulators are opening an investigation into nearly one million General Motors pickup trucks and sport-utility vehicles after receiving hundreds of reports of engine failures. The National Highway Traffic Safety Administration said Friday it was launching the probe into vehicles equipped with a particular GM V-8 engine that had already been the subject of an earlier recall. The regulator has received nearly 500 complaints alleging engine failure in vehicles that had already been serviced under recall, including nearly two dozen that required complete engine replacements.

Walmart’s E-Commerce Sales Rise as Deliveries Accelerate
The Wall Street Journal34d agoneutral
Walmart’s E-Commerce Sales Rise as Deliveries Accelerate

Walmart said its U.S. e-commerce sales rose 24% in the second quarter, with more than 40% sales growth in deliveries fulfilled at its stores. CEO John Furner said Walmart has now expanded deliveries of 30 minutes or less into 38 U.S. markets. The number of units delivered in less than half an hour has doubled in the current quarter from a year ago, and 70% of all e-commerce orders are getting delivered on the same day or better, CFO John David Rainey said.

NHTSA opens probe into nearly 1 million GM pickups, SUVs over engine failure concerns
Reuters34d agobearish
NHTSA opens probe into nearly 1 million GM pickups, SUVs over engine failure concerns

National Highway Traffic Safety Administration ‌said on Friday it has ‌opened a probe into 997,743 General Motors ​pickup trucks and SUVs over concerns related to engine failure. The vehicles include the Cadillac Escalade, Chevrolet ‌Silverado 1500 ⁠and GMC Yukon, among others, from model years 2021-2026 ⁠equipped with GM's L87 engines.

General Motors (GM) After EVgo Charging News And The Case For A Higher Value
Simply Wall St.36d agoneutral
General Motors (GM) After EVgo Charging News And The Case For A Higher Value

General Motors (GM) is back in focus after EVgo opened a new flagship fast charging station in metropolitan Detroit, built with GM support and located across from the company’s Global Technical Center. See our latest analysis for General Motors. General Motors shares trade at US$84.96 and have recently swung higher, with a 1 month share price return of 12.08% and a 1 year total shareholder return of 51.03%. This suggests momentum has been building as EV charging partnerships, long term China...

General Motors (GM) Stock Fair Value Rises After Mixed Q2 Analyst Reactions
Simply Wall St.36d agoneutral
General Motors (GM) Stock Fair Value Rises After Mixed Q2 Analyst Reactions

General Motors now carries a higher fair value estimate, with the price target moving from US$94.81 to US$100.04 per share. That shift sits against a backdrop of mixed analyst reactions to Q2 results, guidance changes, and the long term earnings profile through 2027 and beyond. As you read on, you will see how different parts of the updated narrative could matter for how you follow General Motors from here. Stay updated as the Fair Value for General Motors shifts by adding it to your...

General Motors (GM) Extends Its China Joint Venture For 20 Years
Simply Wall St.36d agoneutral
General Motors (GM) Extends Its China Joint Venture For 20 Years

General Motors (NYSE:GM) and SAIC Motor agreed to extend their joint venture for another 20 years to deepen cooperation in intelligent electric vehicles and global expansion. GM signaled a renewed long term commitment to the Chinese market and global EV manufacturing through the extended SAIC-GM partnership. Separately, GM was removed as a key partner from a major new LG Energy Solution battery plant project in the US as the company adjusts its North American battery strategy. The twin moves...

Stellantis Recalls Almost 1 Million Cars; Stock Falls To All-Time Low
Investor's Business Daily38d agobearish
Stellantis Recalls Almost 1 Million Cars; Stock Falls To All-Time Low

Stellantis stock tumbled to a new low on Monday after it announced a recall of almost 1 million vehicles worldwide. The recall is a software issue in the radio systems of Jeep, Dodge and Chrysler brand cars. The glitch interferes with their rear view cameras, the company said, but will be fixed via an over-the-air software update.

Elon Musk Says Tesla Is ‘Most Made in America’ Car Brand as Trump Tariffs Shake Up Auto Industry
Benzinga39d agoneutral
Elon Musk Says Tesla Is ‘Most Made in America’ Car Brand as Trump Tariffs Shake Up Auto Industry

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk has backed the automaker’s domestic manufacturing prowess amid President Donald Trump‘s tariffs on the auto industry. Domestic Assembly, Domestic Parts On Saturday, podcast host Katie Miller took to the social media platform X, sharing a screenshot of a Wall Street Journal article outlining Ford Motor Co. (NYSE:F) and General Motors Co.‘s (NYSE:GM) domestic manufacturing push. “Every Tesla sold in the United States is assembled in the United States,” she sa

Jim Cramer Advises Ditching Stellantis (STLA) for General Motors (GM)
Insider Monkey39d agoneutral
Jim Cramer Advises Ditching Stellantis (STLA) for General Motors (GM)

Underperforming automotive holdings are forcing investors to re-examine dividend sustainability and executive leadership. On the Mad Money episode aired on August 11, Jim Cramer responded to a caller who purchased Stellantis N.V. (NYSE:STLA) two years ago for its dividend, only to suffer persistent capital depreciation and earnings misses. Cramer commented: Okay, you got to step […]