General Motors

General Motors reported third-quarter net income more than doubling year on year, driven primarily by truck operations and software services even as overall sales edged lower. The company announced a $20 billion share buyback while narrowing full-year guidance and raising its adjusted automotive free-cash-flow outlook. GM shares fell roughly 6% in their worst session in more than a year, with Ford also lower.

[Brief] General Motors (GM) has announced plans to develop new energy storage battery technology, responding to slowing electric vehicle sales growth. According to The New York Times, GM is exploring new battery chemistry to serve AI data center and grid-scale energy storage markets. This strategic shift comes as global EV demand growth shows signs of deceleration. GM’s move reflects a broader industry trend where battery technology is transitioning from “automotive-exclusive” to “multi-scenario” applications. ...