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GM Tries To Regain China Drive By Aiming At Super-Rich: Here's What It's All About
Thursday, September 8, 2022 - 2:09am | 488General Motors Company (NYSE: GM) is planning to woo the urban rich in China through a new direct sales platform that will curate its most elite products across multiple brands as the American automaker tries to regain momentum in the world's biggest car market. Reuters reported on...
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Cadillac Was Founded 120 Years Ago Today
Monday, August 22, 2022 - 10:32am | 361Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day in 1902, the Cadillac Motor Company was founded. Where The Market Was The Dow Jones Industrial Average trade at around 64.40 and the S&P 500 traded at 8.85. What Else...
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GM Buys Cadillac For $4.5M 113 Years Ago Today: What Happened Since?
Friday, July 29, 2022 - 10:41am | 300Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day in 1909, General Motors Company (NYSE: GM) acquired Cadillac Automobile Company for $4.5 million. Where The Market Was: The Dow Jones Industrial Average traded at around...
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Why Ford And GM Are Suspending Production At Two Michigan Plants Next Week
Thursday, March 31, 2022 - 10:09pm | 394Ford Motor Co (NYSE: F) and General Motors Co (NYSE: GM) are going to suspend production next week at a Michigan plant, Reuters reported on Thursday, citing the companies. What Happened: Ford will pause production at its Flat Rock Assembly Plant next week,...
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Cadillac Loses 150 Dealers After GM Asks Them To Upgrade Stores For Electric Vehicles
Saturday, December 5, 2020 - 2:22pm | 335About 150 Cadillac dealers are leaving the brand to avoid costly changes they would need to make to sell electric cars, the Wall Street Journal reported Friday evening. What Happened: The dealers decided to end the partnership with Cadillac after General Motors Company's (...
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Fintech Focus For September 16, 2020
Tuesday, September 15, 2020 - 6:46pm | 2102Quote Of The Day: There is little money to be made almost anywhere in the world. - Bill Gross Fintech Movers: Fintech is viewed as the “new normal” by 73 percent of Americans, according to the report, and 67 percent plan to continue managing most of their finances digitally after COVID...
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General Motors To Unveil New Fully Electric Cadillac Lyriq
Thursday, August 6, 2020 - 1:54pm | 204The all-electric vehicle race is on, and one contender with limited experience is GM (NYSE: GM). With the Chevy Bolt EV on sale — and the Chevy Volt not long retired — GM is looking to add another fully electric vehicle to its stable. Cadillac will reveal its...
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GM Is Charged Up About Electric Vehicles, Makes Push To Challenge Tesla
Thursday, March 5, 2020 - 11:46am | 736General Motors Company (NYSE: GM) is mounting a full-on charge at Tesla Inc (NASDAQ: TSLA). GM on Wednesday revealed its intentions to take on Tesla in the battle to sell the next generation of electric vehicles, bringing the size and consumer credibility of a Big 3 giant to the race for what...
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Why Cadillac Supported Detroit's First-Ever PGA Tournament
Tuesday, July 2, 2019 - 4:07pm | 729The PGA held a tournament inside Detroit city limits for the first time ever last week, and counted a quintessentially Motor City brand as one of its sponsors: General Motors Company (NYSE: GM)-owned Cadillac. Benzinga had the opportunity to speak with Victoria Gagliardi, Cadillac's manager of...
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Analysts Praise GM's Potential After Investor Day
Monday, January 14, 2019 - 12:22pm | 624General Motors Company (NYSE: GM) management reinforced bullish theses during its weekend Investor Day, when it previewed 2018 outperformance and guided for 2019 strength. “GM’s unique fundamental position (Pickups + AV + self-help) and the path to our prior $76-134 LT upside potential...
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Automakers In Top Gear As November Sales Accelerate
Thursday, December 1, 2016 - 1:34pm | 532Automakers are truly in the fast lane, as is evident from the monthly sales results reported for November by companies within the space. Easy credit terms, heavy promotions, two extra selling days this year, benign gas prices and buoyant consumer confidence have all served to work in unison to...
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General Motors Sees Record Sales For Third Year In A Row; Chinese Market Huge Driver of Sales
Thursday, January 21, 2016 - 1:25pm | 244General Motors Company (NYSE: GM) reported its third consecutive year of record sales Thursday, with 9.8 million vehicles moved in 2015. The figure represents a 0.2 percent increase over 2014 sales. Chinese sales in the luxury car market were a large factor in GM's success in 2015. Buick sales...
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Cadillac Enters China
Thursday, January 21, 2016 - 9:09am | 173Shares of General Motors Company (NYSE: GM) were trading higher by more than 1 percent. Various media outlets reported that the company opened a $1.2 billion factory in Shanghai, China. According to The Wall Street Journal, General Motors' new factory will be used to build Cadillac-...
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Bank Of America On 2015 Auto Manufacturers: Keep Those Wheels Turning
Wednesday, February 4, 2015 - 4:28pm | 708In a report published Tuesday, analysts at Bank of America took a look at the U.S. auto manufacturers' industry, which saw January U.S. light vehicle sales rise 9.3 percent year-over-year on a selling-day-adjusted basis, above the firm’s mid-month estimate of +8.0 percent “for a...
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Tigress Reiterates On General Motors Company As Shares Represent Attractive Risk/Reward Scenario
Wednesday, October 8, 2014 - 9:33am | 202Tigress Financial Partners reiterated its Strong Buy rating on General Motors Company (NYSE: GM) in a report issued Wednesday. Analyst Ivan Feinseth expressed that "GM’s strong product pipeline emphasizing the luxury Cadillac brand and a defined pathway to long- term cost savings...