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General Motors

Is sovereign default inevitable? – III

This third part of this series of articles discusses, among other things, the subject of services imports. As usual,...

Updated 21 Jul, 2022 02:58pm

Business & Finance

GM vehicle sales tumble 15% as chip crunch, supply snags drag

General Motors Co reported a 15% drop in second-quarter auto sales on Friday, as a global chip shortage and supply...

Published 01 Jul, 2022 06:54pm

Business & Finance

US automaker CEOs, Toyota urge Congress to lift EV tax credit cap

WASHINGTON: General Motors Co, Ford Motor Co, Chrysler-parent Stellantis NV and Toyota Motor North America on Monday...

Published 13 Jun, 2022 08:53pm

Technology

GM to launch production of Chevrolet Tracker SUV in Argentina in

General Motors Co (GM) will begin production of its Chevrolet Tracker SUV in Argentina next month, the US automaker...

Published 09 Jun, 2022 10:27am

Business & Finance

US to spend more than $3bn on EV battery manufacturing: White House

WASHINGTON: The Biden administration will allocate more than $3 billion in infrastructure funding to finance...

Published 03 May, 2022 03:00am

Markets

GM to launch electrified version of Corvette sports car by next year

General Motors Co President Mark Reuss said on Monday the automaker would launch an electrified version of its...

Published 25 Apr, 2022 07:58pm

Business & Finance

Ford, GM to halt production at two Michigan plants due to parts shortage

Ford Motor Co and General Motors will each halt production next week at a Michigan plant due to parts shortages, the...

Published 01 Apr, 2022 11:52am

Markets

GM's $7 billion investment intensifies EV battle with Ford, Tesla

General Motors Co said Tuesday it will invest $7 billion in Michigan, much of that aimed at dramatically boosting...

Published 25 Jan, 2022 09:16pm

Business & Finance

GM electric truck latest entrant in rich US pickup market

NEW YORK: General Motors launched its all-electric Chevrolet Silverado on Wednesday, formally entering a contest for...

Published 10 Jan, 2022 07:02am

Business & Finance

Toyota overtakes GM to lead US auto sales for 2021

NEW YORK: Japanese carmaker Toyota led US automobile sales in 2021, according to figures released Tuesday, ...

Published 05 Jan, 2022 12:21am

Business & Finance

GM to extend production halt for Chevrolet Bolt EV through February

WASHINGTON: General Motors Co said Monday it is extending a production halt at its Orion Assembly plant in Michigan,...

Published 20 Dec, 2021 09:01pm

Business & Finance

Ford delays return-to-work hybrid plan to March amid COVID uncertainty

Ford Motor Co said on Monday it would push its return-to-work hybrid plan to March as the state of the COVID-19...

Published 06 Dec, 2021 11:23pm

Business & Finance

Vingroup tapping global investors for car unit’s $1bn funding

SINGAPORE: Vietnam’s largest conglomerate Vingroup is in talks with investors, including Qatar’s sovereign fund...

Published 01 Dec, 2021 03:52am

Business & Finance

GM aims to tackle chip shortage with new designs made in North America

General Motors aims to tackle the global semiconductor shortage with new designs built in North America, President...

Updated 18 Nov, 2021 11:23pm

Business & Finance

GM factory launch ushers in Detroit's EV pickup campaign

NEW YORK: General Motors takes a leap Wednesday towards its much-touted "all-EV" future when it officially opens its...

Published 17 Nov, 2021 10:16am

Business & Finance

GM to launch 10 EVs in South Korea by 2025; no local manufacturing plans yet

SEOUL: General Motors Co will launch 10 electric vehicles (EVs) in South Korea by 2025, but has no plans yet to...

Published 12 Nov, 2021 06:44pm

Business & Finance

GM upbeat on full-year results despite impact of chip shortage

DETROIT: General Motors Co on Wednesday reported stronger-than-expected results for the third quarter, despite a ...

Published 27 Oct, 2021 05:40pm

Business & Finance

GM to boost EV profile with 40,000 charging stations in US, Canada

General Motors said on Tuesday it would install up to 40,000 electric-vehicle charging stations in the United States...

Published 26 Oct, 2021 06:14pm

Business & Finance

General Motors says 2023 car will allow mostly hands-free driving

NEW YORK: General Motors plans to launch in 2023 a premium model that would enable hands-free operation in 95 ...

Updated 06 Oct, 2021 09:40pm

Business & Finance

GM, Ford to settle suit over use of 'BlueCruise' name for hands-free driving

GM says both automakers "have resolved the case and related proceedings amicably. At this time, we have no further comment."

Published 04 Oct, 2021 09:23pm

Business & Finance

GM invests in Chinese autonomous driving startup Momenta

The company is also backed by SAIC Motor, GM's main Chinese partner, as well as Toyota Motor and Daimler AG

Published 23 Sep, 2021 12:00pm

Business & Finance

American Airlines, Microsoft join Gates-backed program to boost clean energy

The initiative aims to boost development of technologies to achieve the target of net-zero carbon emissions by 2050

Published 20 Sep, 2021 11:20am

Business & Finance

Ford wakes up badly burnt from its India dream

Ford takes a $2 billion hit to stop making cars in India
Sales have stagnated at about 3 million cars

Published 17 Sep, 2021 05:22pm

Business & Finance

GM CFO sees ‘more stable’ chip supplies in 2022, reaffirms 2021 outlook

Jacobson cautions that GM's third quarter wholesale deliveries could be down by 200,000 vehicles because of chip shortages

Published 10 Sep, 2021 07:16pm

Business & Finance

No path to profitability: Ford to end manufacturing in India

Ford follows other US carmakers such as General Motors and Harley Davidson which have already left India
Carmaker entered India 25 years ago but has a less than 2% share of the passenger vehicles market

Updated 09 Sep, 2021 06:41pm

Markets

Wall Street rebounds as banks, energy surge

Trillium nearly triples on Pfizer's $2.26 bln deal
GM to take $1 bln hit on expanded Bolt EV recall, shares slip
Indexes up: Dow 0.66%, S&P 0.74%, Nasdaq 0.97%

Updated 23 Aug, 2021 07:40pm

GM expands Chevrolet Bolt EV recall, adding $1bn in costs

NEW YORK: General Motors expanded a recall of its Chevrolet Bolt on Friday, announcing plans to repair thousands ...

Published 22 Aug, 2021 04:36am

Business & Finance

GM keeps on trucking despite Covid, semiconductor concerns

DETROIT: General Motors Co’s pickup trucks are hauling in cash through the global semiconductor shortage and a...

Published 05 Aug, 2021 04:34am

World

Virus-wracked Indonesia hits 100,000 deaths

More than 3.5 million infections have been recorded to date though official figures are widely believed to be an underestimate

Published 04 Aug, 2021 05:57pm

Business & Finance

GM swings to profit, raises full-year outlook

Net income was $2.8 billion, or $1.90 a share, compared with a loss in the year-earlier quarter of $806 million, or 56 cents a share
GM said adjusted earnings before interest and taxes were a record $4.1 billion, and $8.5 billion in the first half

Updated 04 Aug, 2021 05:35pm

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Aug 8 786 Investments Limited(786)	4.90 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Aug 8 Al-Abbas Sugar Mills Limited(AABS)	301.49 ▼ 0.00 (0.00%)
Agro Allianz / Aug 8 Agro Allianz Limited(AAL)	16.00 ▼ 0.00 (0.00%)
AL-Abid Silk / Aug 8 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Aug 8 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Aug 8 Allied Bank Limited(ABL)	65.34 ▼ 0.00 (0.00%)
Abbott Lab. / Aug 8 Abbott Laboratories (Pakistan) Limited(ABOT)	622.99 ▼ 0.00 (0.00%)
Abson Ind. / Aug 8 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Aug 8 Alfalah Consumer Index ETF.(ACIETF)	7.90 ▼ 0.00 (0.00%)
Attock Cement / Aug 8 Attock Cement Pakistan Limited(ACPL)	74.15 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Aug 8 786 Investments Limited(786)	4.90 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Aug 8 Al-Abbas Sugar Mills Limited(AABS)	301.49 ▼ 0.00 (0.00%)
Agro Allianz / Aug 8 Agro Allianz Limited(AAL)	16.00 ▼ 0.00 (0.00%)
AL-Abid Silk / Aug 8 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Aug 8 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Aug 8 Allied Bank Limited(ABL)	65.34 ▼ 0.00 (0.00%)
Abbott Lab. / Aug 8 Abbott Laboratories (Pakistan) Limited(ABOT)	622.99 ▼ 0.00 (0.00%)
Abson Ind. / Aug 8 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Aug 8 Alfalah Consumer Index ETF.(ACIETF)	7.90 ▼ 0.00 (0.00%)
Attock Cement / Aug 8 Attock Cement Pakistan Limited(ACPL)	74.15 ▼ 0.00 (0.00%)

Stock	Volume

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Aug 5	225.00
USD PKR Interbank Buying / Aug 5	224.00
USD to Japanese Yen / Aug 5	135.01
USD to Swiss Franc / Aug 5	0.96
Pound Sterling to USD / Aug 5	1.21
Euro to USD / Aug 5	1.02
UK LIBOR % / Aug 5	2.31

Stock	Volume
S&P 500 / Aug 5	4145.19
India Sensex / Aug 5	58387.93
Tokyo Nikkei / Aug 5	28175.87
Nasdaq / Aug 5	12657.55
Hang Seng / Aug 5	20201.94
FTSE 100 / Aug 5	7439.74
Dow Jones / Aug 5	32803.47
Germany DAX 30 / Aug 5	13573.93
France CAC40 / Aug 5	6472.35

Item	Value
Crude Oil USD/Barrel / Aug 5	89.01
Karachi Cotton PKR/37.32 KG / Aug 5	17735.00
Gold 10 Grams PKR / Aug 5	128800.00
Gold Spot USD/Ounce / Aug 5	1775.50
Cotton US¢/pound / Aug 5	96.13

General Motors

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