Global 500
General MotorsRANK49
Last year was a watershed for the auto industry from an investment perspective, as shares in incumbent carmakers came under pressure in the face of an mass investor exodus that favored upstart electric-vehicle manufacturers, especially Tesla. In August 2020, General Motors triggered the beginning of a rally in its stock price after unveiling its first serious Tesla competitor. The Cadillac Lyriq SUV will be built off a scalable architecture dedicated to battery-powered electric vehicles, an architecture designed to reduce costs and boost range. GM’s push into BEVs gained momentum following the November election. Days after President Biden took the U.S. back into the Paris Agreement in one of his first acts in office, CEO Mary Barra said her company would move to sell electric-only models exclusively by 2035—a dramatic shift for one of the giants of the automotive fossil-fuel era. As of mid-May 2021, GM’s stock had more than doubled since the Lyriq’s debut.
Lists ranking General Motors
World’s Most Admired Companies - 2022Just as it dominates our economy, Big Tech now dom...view in list
Latest news for General Motors
- NewslettersFord is setting the electric truck pace. But can it stay ahead of the pack?April 27, 2022 5:27 PM UTC
- TechFord is ‘betting the company’ on a Tesla-style EV truck that could make or break its futureApril 18, 2022 8:51 PM UTC
- No Primary Section FoundGM declares chip crisis over—and says it’s time to let the cheap cars rollFebruary 2, 2022 1:41 PM UTC