General Motors Company @ 2023-08-27

News Title: GM’s Ultium agrees to increase EV battery worker pay by 25% on average
Description: Ultium, a joint venture with LG Energy Solution, is key for the automaker to increase its supply of batteries for its growing fleet of electric vehicles.
News Sentiment: -0.075 (Slightly Negative)

General Motors Company

Sector: Consumer Cyclical

Industry: Auto Manufacturers

Full Time Employees: 167000


Long Business Summary:

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names. The company also sells trucks, crossovers, cars, and automobile parts through retail dealers, and distributors and dealers, as well as to fleet customers, including daily rental car companies, commercial fleet customers, leasing companies, and governments. In addition, it offers range of after-sale services through dealer network, such as maintenance, light repairs, collision repairs, vehicle accessories, and extended service warranties; and safety and security services for retail and fleet customers, including automatic crash response, emergency services, roadside assistance, crisis assist, stolen vehicle assistance, and turn-by-turn navigation. Further, the company provides connected services comprising mobile applications for owners to remotely control their vehicles and electric vehicle owners to locate charging stations, on-demand vehicle diagnostics, GM Smart Driver, Amazon Alexa in-vehicle voice, Google’s Voice Assistant, navigation and app ecosystem, connected navigation, SiriusXM with 360L, and 4G LTE wireless connectivity. Additionally, the company provides automotive financing and insurance services; and software-enabled services and subscriptions. General Motors Company was founded in 1908 and is headquartered in Detroit, Michigan.

Basic Chart

General Motors Company
General Motors Company

Technical Chart

General Motors Company
General Motors Company

Suggested Currency Pair: USD/KRW

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