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GMC expects to outsell its electric truck competitors as it launches new Sierra pickup

August 20, 2024 by Admin
GMC expects to outsell its electric truck competitors as it launches new Sierra pickup

2024 Sierra EV Denali Edition 1 Source: General Motors MILFORD, Mich. — General Motors’ premium GMC brand wants to become the leader in all-electric truck sales for U.S. consumers as it launches its new electric Sierra pickup. The Sierra EV joins electric versions of the Hummer, including an SUV and …

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Ford turns ‘dirty’ business into a profit driver. GM and Stellantis are taking notice

August 5, 2024 by Admin
Ford turns ‘dirty’ business into a profit driver. GM and Stellantis are taking notice

2023 Ford Super Duty F-350 Limited Ford DETROIT — A once “dirty” word, and business, in the automotive industry has become a multibillion-dollar battleground for U.S. automakers, led by Ford Motor. The Dearborn, Michigan-based automaker has turned its fleet business, which includes sales to commercial, government and rental customers, into …

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Here are Wednesday’s biggest analyst calls: Nvidia, Amazon, Alphabet, FedEx, Tesla, Caterpillar, Shopify, Disney & more

June 26, 2024 by Admin
Here are Wednesday’s biggest analyst calls: Nvidia, Amazon, Alphabet, FedEx, Tesla, Caterpillar, Shopify, Disney & more

Here are the biggest calls on Wall Street on Wednesday: Stifel initiates Tesla at buy Stifel said it’s bullish on Tesla for the long term. “We believe TSLA is very well positioned to deliver robust multi-year growth in 2025-27+. In the near term, the revamped Model 3 and upcoming Model …

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GM U.S. vehicle sales fall 1.5% during the first quarter, underperforming other major automakers

April 2, 2024 by Admin
GM U.S. vehicle sales fall 1.5% during the first quarter, underperforming other major automakers

The 2024 Buick Envista. GM DETROIT — General Motors on Tuesday reported a 1.5% decline in first-quarter U.S. vehicle sales compared to a year ago, as the overall auto industry normalizes after years of disruptions and volatile results. The Detroit automaker said the decline to 594,233 vehicles sold during the …

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Amazon spends $2.75 billion on AI startup Anthropic in its largest venture investment yet

March 27, 2024 by Admin
Amazon spends .75 billion on AI startup Anthropic in its largest venture investment yet

Amazon is making its largest outside investment in its three-decade history as it looks to gain an edge in the artificial intelligence race.  The tech giant said it will spend another $2.75 billion backing Anthropic, a San Francisco-based startup that’s widely viewed as a front-runner in generative artificial intelligence. Its …

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