GM

Honda
$7267 (+0,26 %) will finance a joint venture with General Motors
$GM (+1,81 %) and Cruise to launch a robotaxi service in Japan, reports TechCrunch.

General Motors
$GM (+1,81 %) over the years with its Robotaxi-division Cruise
losses amounting to around 10 billion dollars.

GM announced that it will continue the development of a dedicated robotaxi-vehicle vehiclereferring to growing competition from competition and rising costs.

Photo: Topgear

The next electric pickup from General Motors
$GM (+1,81 %) could be a Hyundai
$HYUD (+0 %)
$005380 or vice versa ?!?

GM and Hyundai are working together on the introduction of an electric pickup.

GM and Hyundai signed a letter of intent in September to collaborate on the development and production of new vehicles.

According to GM CEO Mary Barra, the partnership is intended to "leverage the scale and creativity of both companies".

GM and Hyundai want to "improve their competitiveness in key markets and vehicle segments". They will use their competitive advantages to reduce costs and introduce advanced new technologies.

According to a new report by Korean media outlet Pulse, Barra met with Hyundai Chairman Euisun Chung earlier this month to discuss the partnership. According to the report, Hyundai and GM plan to collaborate on the development of a new electric pickup truck.

Interestingly, the two leading OEMs are considering "badge engineering," in which Hyundai would sell GM-produced vehicles with its branding, or vice versa.

The partnership is significant given the scale of the two auto giants. GM's Chevy Silverado was the second best-selling vehicle brand in the U.S. last year behind Ford's F-Series. The Ram pickup came in third place.

Hyundai and GM want a bigger piece of the pie, as pickups are the best-selling brands. By joining forces and complementing each other's strengths, they could reduce their costs and undercut the competition. This could also include using each other's distribution networks.

According to a recent report by the EPA Tesla
$TSLA (-4,58 %) in 2023 with almost 34 million metric tons of greenhouse gas credits, the most of any automaker.

In contrast, General Motors acquired General Motors. $GM (+1,81 %) around 44 million credits to offset its emissions deficit.

The self-driving car division from GM
$GM (+1,81 %), Cruiseadmitted Thursday to filing a false report to influence a federal investigation.

The company will pay a criminal fine of 500.000 US dollars.

Cruise had failed to provide NHTSA with material details about a 2023 accident in which one of its robotaxis hit a pedestrian.

Photo: Bloomberg

Comparison of the net profit in the third quarter of 2024: GM
$GM (+1,81 %), Tesla
$TSLA (-4,58 %) and Ford
$F (+0,74 %)

Comparison of net profit in the third quarter:

-General Motors3.07 billion USD (+0.26 % compared to the previous year)

-Tesla2.17 billion USD (+17 % compared to the previous year)

-Ford1.9 billion USD (-29.6 % compared to the previous year)

Photo: Teslamag

The market capitalization of Tesla
$TSLA (-4,58 %) has risen to 843.50 billion dollars an amount equal to the entire market capitalization of Ford, GM, Stellantis, Rivian and Lucid together.

This is more than a multiple of the total value of the three major US 🇺🇸 car manufacturerswhich breaks down as follows:

-Ford ($F (+0,74 %)): 43,3 billion. dollars

-General Motors ($GM (+1,81 %)): 57,5 billion dollars

-Stellantis ($STLAM (-0,17 %)): 39,14 billion dollars

The total market value of these three companies currently amounts to 139,9 billion dollars.

Earnings next week 🗓️

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General Motors
$GM (+1,81 %) plans to expand the functions of "Super Cruise" to level 3 to level 3.

This would allow drivers to take their eyes off the road. - Tech Crunch