General Motors said on Thursday it will end production of the gas-powered Cadillac XT4 in January as it shifts production at its Kansas plant to electric vehicles.
Former President Donald Trump's reelection victory is expected to send the U.S. auto industry into a period of uncertainty regarding electric vehicles. Republicans, led by the president-elect, have largely condemned EVs, claiming they are being forced upon consumers and that they will ruin the U.S. automotive industry.
Global electric car sales Sept. 2024 up 31% YoY to ~20% share. China sales up 51% to 53% share. Europe up 6% to 26% share. USA down 13.7% to 10.49%. EV market news - Trump to propose making car loan interest fully tax-deductible. Several of Europe's biggest carmakers unveiled low-cost EVs at the Paris Motor Show. EV company news - Tesla launches Cybercab & Robovan AVs. BYD surpasses Tesla in qu...
General Motors has already left most competitors in the dust this year, but here's why its stock price could go even higher.
Register for Free
StocksGuide is the ultimate tool for easily finding, analyzing and tracking stocks. Learn from successful investors and make informed investment decisions. We empower you to become a confident, independent investor.