general motors (GM) news

Hyundai Motor India opens Pune plant, capacity 170K units/yr

Hyundai Motor India Limited (HMIL) has officially opened a new manufacturing plant in Pune, Maharashtra, with an initial annual production capacity of 170,000 units. The facility, located on the site of a former General Motors plant acquired in 2023, is a key component of Hyundai’s strategy to…

Fitch assigns GM3 first-time 'B+' IDR; outlook stable; rates proposed notes, term loan 'BB-'/'RR3'

Fitch Ratings has assigned a first-time 'B+' issuer default rating (IDR) to GM3, with a stable outlook. The rating agency also assigned proposed notes and term loan ratings to the proposed notes and term loan associated with the entity. The 'B+' IDR reflects Fitch's assessment of GM3's credit…

GM3 $500M 144/REGS amortizing 5NC2 senior secured

General Motors has issued a $500 million senior secured debt offering under the terms of a 144A/REGS amortizing structure, designated as 5NC2. This offering is part of the company’s broader capital structure strategy and is intended to support ongoing operational and investment needs. The debt is…

Google built-in now spans 16 brands, 100+ car models

Google's integration of its Android-based infotainment system into the automotive industry has expanded significantly, now spanning 16 car brands and over 100 vehicle models. This development marks a major milestone in the company's strategy to establish a dominant presence in the connected car…

MLB Concept stocks rose in regular trading, with General Motors up 1.97%, Alphabet gaining 1.11% and DraftKings rising 1.25%.