DETROIT — General Motors on Tuesday raised its 2024 guidance after beating Wall Street’s top- and bottom-line expectations for the first quarter. The automaker said it was boosting its forecast after strong North American operations offset losses elsewhere during the first quarter. The company now expects adjusted earnings of $12.5 billion to $14.5 billion, or … Read more
Volkswagens are seen in the employee parking lot at the Volkswagen automobile assembly plant on March 20, 2024 in Chattanooga, Tennessee. Elijah Nouvelage | Getty Images DETROIT – The United Auto Workers notched a big win this weekend. Volkswagen workers in Chattanooga, Tennessee, overwhelmingly voted in favor of joining the UAW late Friday – marking … Read more
As the electric vehicle industry faces a string of high-profile failures, several startups that have surfaced in recent years have underestimated their capital needs by billions of dollars, industry insiders said. Many of the companies that have tried to bring products to market or go public, especially through Special Purpose Acquisition Companies, or SPACs, are … Read more
Striking United Auto Workers members from the General Motors Lansing Delta Plant picket in Delta Township, Michigan, on Sept. 29, 2023. Rebecca Cook | Reuters DETROIT — Republican governors of six states on Tuesday condemned the United Auto Workers’ push to organize automotive factories in the South, warning the union’s efforts could lead to layoffs … Read more
A Volkswagen automobile assembly plant is seen on March 20, 2024 in Chattanooga, Tennessee. Elijah Nouvelage | Getty Images DETROIT — Volkswagen workers in Chattanooga, Tennessee, will vote this week on whether to organize with the United Auto Workers in a key test of the union’s sway. A victory would give the UAW its first … Read more
After years of being overshadowed by flashy electric vehicles from Tesla and others, the hybrid — a gas sipper that has both an engine and an electric motor — is back in the spotlight. EV sales have slowed in the U.S., according to car website and data tracker Edmunds, with the time it takes for … Read more
Ford needs to close the gap with General Motors . We think Ford can do it by following GM’s lead on buybacks — plus, refining its mix of electric vehicles and hybrids as well as reining in warranty expenses. Shares of Club name Ford have gained about 7% year to date, lagging by far the … Read more
A Cruise vehicle in San Francisco on Feb. 2, 2022. David Paul Morris | Bloomberg | Getty Images General Motors’ Cruise self-driving vehicle unit will redeploy cars on U.S. roadways Tuesday for the first time since October, beginning with a small fleet of human-driven vehicles in Phoenix, the company said. The relaunch comes after the … Read more
WARREN, Mich. — General Motors has redesigned Buick’s flagship Enclave SUV as the latest testament to the automaker’s ongoing reinvention of the roughly 125-year-old brand. The updates to the 2025 Enclave — from new tech to exterior to interior redesigns — complete Buick’s refresh of its current four-vehicle lineup. In 2022, Buick unveiled an aggressive … Read more
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) Good news is good news: The … Read more
