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General Motors (GM) enters binding long-term supply agreement with Vacuumschmelze
January 30, 2023 8:37 AM ESTVacuumschmelze (VAC) announced Monday that the advanced magnetic materials company has entered into a binding long-term supply agreement with General Motors (NYSE: GM). As part of the agreement, VAC will build a facility in North America to manufacture permanent magnets for electric motors using locally sourced raw... More
GM to downgraded to Hold as Berenberg awaits better entry point
January 30, 2023 7:36 AM ESTBerenberg downgraded General Motors (NYSE: GM) to a Hold rating (From Buy) and cut the price target on the stock to $41.00 (From $45.00) as analyst Adrian Yanoshik believes the American auto maker will continue to face near-term challenges from mass-market affordability and cost inflation. The company is scheduled to... More
