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UAW Reaches Tentative Deal to End Strike at Supplier to GM Trucks
The Wall Street Journal63d agoneutral
UAW Reaches Tentative Deal to End Strike at Supplier to GM Trucks

Unionized workers at a Michigan plant producing a key component for General Motors trucks have reached a tentative agreement for a new labor contract following a 10-day strike. “After 18 years of sacrifice, these workers are finally winning back a big chunk of what was taken from them,” United Auto Workers union President Shawn Fain said. The deal between the UAW and Dauch Corp., formerly known as American Axle means workers could soon return to the Three Rivers, Mich., factory where they produce axles for GM’s heavy-duty pickups, the Chevrolet Silverado and the GMC Sierra.

The Bull Case For GM (GM) Could Change Following New Battery And AI Initiatives In EV Strategy
Simply Wall St.64d agoneutral
The Bull Case For GM (GM) Could Change Following New Battery And AI Initiatives In EV Strategy

In recent days, General Motors has highlighted new battery initiatives, including a US$900 million Battery Cell Development Center and sodium-ion grid storage partnership, alongside expanded use of artificial intelligence and virtual engineering to shorten vehicle development times. Together, these moves suggest GM is working to cut electric vehicle costs, broaden into energy storage, and use AI to reshape how quickly it can refresh and launch products. We’ll now examine how GM’s push into...

Exclusive-GM may ditch LFP batteries for future EVs
Reuters64d agoneutral
Exclusive-GM may ditch LFP batteries for future EVs

By Abhirup Roy and Kalea Hall SAN FRANCISCO, June 10 (Reuters) - General Motors may scrap plans to use a lower-cost, iron-based battery chemistry that many automakers are using to cut electric-vehicle

Rivian’s Most Important Product Launches And The Stock Falls Apart
24/7 Wall St.64d agobearish
Rivian’s Most Important Product Launches And The Stock Falls Apart

Rivian (NASDAQ: RIVN) launched the vehicle that it has said for some time will be the key to its future. The R2 SUV is much less expensive than its current models. The base model (Launch Package) will cost about $58,000. The Rivian website put the price at $44,990. However, each is lower than Rivian’s two ... Rivian’s Most Important Product Launches And The Stock Falls Apart

Expert Warning: America’s Grid Is So Far Behind, Blackouts Are Coming Even Without AI
24/7 Wall St.64d agoneutral
Expert Warning: America’s Grid Is So Far Behind, Blackouts Are Coming Even Without AI

Dan Dreyfus, founder of Borneite Capital, warned on the All-In Podcast that America’s grid is in such poor shape that blackouts, when power is completely lost, and brownouts, when voltage is reduced, and electricity becomes less reliable, are coming from ordinary electrification alone. AI data centers are layering onto an existing problem. A Grid Frozen ... Expert Warning: America’s Grid Is So Far Behind, Blackouts Are Coming Even Without AI

General Motors follows Ford's lead into the battery business
Yahoo Finance Video64d agoneutralVIDEO
General Motors follows Ford's lead into the battery business

Yahoo Finance Senior Autos Reporter Pras Subramanian joins Julie Hyman on Market Catalysts to discuss General Motors' (GM) partnership with Peak Energy, placing a big bet on sodium-ion batteries. This comes one month after Ford (F) launched Ford Energy to develop energy storage batteries.

Space ETFs: Diversified funds offer protection from volatility
Yahoo Finance Video64d agoneutralVIDEO
Space ETFs: Diversified funds offer protection from volatility

In the latest installment of Yahoo Finance's ETF Report, TMX VettaFi head of research Todd Rosenbluth outlines what SpaceX's (SPAX.PVT) imminent IPO could mean for space ETFs, broader market indexes, and investors' portfolios. SpaceX is expected to go public on the Nasdaq this Friday, June 12, under the ticker SPCX, with the space operator aiming to price its IPO at $135 per share.

How The Narrative On General Motors (GM) Is Shifting With Mixed Analyst Targets And New Ventures
Simply Wall St.64d agoneutral
How The Narrative On General Motors (GM) Is Shifting With Mixed Analyst Targets And New Ventures

General Motors' fair value estimate has been adjusted slightly higher, moving from US$93.92 to about US$94.81 per share, putting a finer point on what some analysts think the stock could be worth. That shift sits against a backdrop of mixed Street commentary, with some firms lifting targets and others trimming them as they reassess how GM's core production and newer business lines might feed into earnings and cash flow. As you read on, you will see how to track these changing views and what...

GM to offer EV owners ability to sell power to US electricity grid
Reuters65d agobearish
GM to offer EV owners ability to sell power to US electricity grid

SAN FRANCISCO, June 9 (Reuters) - General Motors is releasing a software update that allows some ‌U. electric-vehicle owners to pipe power back to the electric grid, ‌another example of car companies pursuing business opportunities in the energy sector.