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Why are General Motors (GM) and Ford (F) stock prices falling today?

Electrek

Share prices of several popular automakers are under pressure after UBS analyst Patrick Hummel warned investors Monday that the US auto industry will likely face hurdles ahead. Both General Motors (GM) and Ford (F) stock prices are down today on the news as investors grapple with what’s next for the US automakers.

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The $10,000 BYD Seagull EV is scaring the U.S. auto industry

Teslarati

Former General Motors (GM) executive Terry Woychowski, who is now President of engineering consultancy Caresoft Global, called the arrival of the Seagull a “clarion call for the rest of the auto industry,” adding that it’s a “significant event” (via CNBC ). auto sector,” the organization writes.

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Auto industry spent less on advertising in 2022; Tesla already spends $0

Teslarati

Although Tesla spends $0, the decline in ad spending could be an indicator of troubles for an industry trying to compete with Tesla’s EV lead. Reuters reported that the auto industry’s ad spending fell to $4.8 billion between January and July 2022 or 4% year-on-year. Compared with the same period in 2019 ($5.50

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GM’s Tesla NACS support spells trouble for Electrify America [Opinion]

Teslarati

General Motors’ (GM) support for Tesla’s North American Charging Standard (NACS) might be trouble for Electrify America. The theory is gaining some legs now that General Motors has decided to support the NACS. General Motors and Ford hold a significant market share of the United States auto industry.

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USABC awards $3.5M low-cost/fast-charge battery technology development contract to Zenlabs Energy

Green Car Congress

USCAR is the collaborative automotive technology company for Ford Motor Company, General Motors and Stellantis. The goal of USCAR is to further strengthen the technology base of the domestic auto industry through cooperative research and development.

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ISU study finds large potential for biobased materials in auto industry, but with challenges

Green Car Congress

To create the largest impact, the researchers concluded, emphasis should be placed on the largest producers of vehicles; the five largest producers of automotive vehicles in the United States are General Motors, Ford, Toyota, Chrysler, and Honda. General Motors. Cost to manufacture is one of the main considerations.

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GM and GlobalFoundries in long-term direct supply agreement for US production of semiconductor chips

Green Car Congress

General Motors (GM) and GlobalFoundries (GF) have entered a strategic, long-term agreement establishing a dedicated capacity corridor exclusively for GM’s chip supply. We see our semiconductor requirements more than doubling over the next several years as vehicles become technology platforms.

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