General Motors has finalized a unique $4.5 billion revolving purchasing agreement with Procura Auto Parts, backed by JPMorgan Chase and Banco Santander. This deal allows GM to prepay suppliers for rare or critical auto parts, helping to avoid supply chain disruptions and keep inventory costs off its books. GM will repay Procura by July 2029, paying interest and fees, while the arrangement improves parts security amid ongoing industry challenges. The specific parts targeted remain undisclosed, but this move follows years of supply issues and shifts in sourcing strategies due to tariffs and geopolitical concerns.
General Motors announced its fourth-generation electric vehicle platform focused on advanced battery chemistry, a powerful central computing unit, and extensive software integration. This new platform, debuting in the 2028 Cadillac Escalade IQ, aims ...
General Motors announced plans to reduce its vehicle development cycle from four to five years down to about two years by leveraging artificial intelligence, simulation, and concurrent engineering. The company will introduce a proprietary AI assistan...
General Motors is introducing a personal AI assistant to its OnStar connected car service, starting with the 2027 Cadillac Lyriq EV. This upgrade includes a new OnStar mobile app replacing older apps, aiming to provide a more interactive, personalize...
General Motors (GM) beat earnings estimates and announced a $20 billion buyback, yet its stock dropped due to rising cost concerns. Ford offers a much higher dividend yield of nearly 5%, making it attractive for income-focused investors, while GM's y...
General Motors reported third-quarter revenue and adjusted earnings above analyst expectations, with net income more than doubling to $3.34 billion. Adjusted EBIT rose 21.6%, driven by strong sales of large pickup trucks. GM completed its previous $6...
