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This Day In Market History: GM Buys Cadillac For $4.5M
Thursday, July 29, 2021 - 9:30am | 288Read More...Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day in 1909, General Motors Company (NYSE: GM) acquired Cadillac Automobile Company for $4.5 million. Where The Market Was: The Dow Jones Industrial Average traded at around...
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Cadillac Loses 150 Dealers After GM Asks Them To Upgrade Stores For Electric Vehicles
Saturday, December 5, 2020 - 2:22pm | 335Read More...About 150 Cadillac dealers are leaving the brand to avoid costly changes they would need to make to sell electric cars, the Wall Street Journal reported Friday evening. What Happened: The dealers decided to end the partnership with Cadillac after General Motors Company's (...
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Fintech Focus For September 16, 2020
Tuesday, September 15, 2020 - 6:46pm | 2102Read More...Quote Of The Day: There is little money to be made almost anywhere in the world. - Bill Gross Fintech Movers: Fintech is viewed as the “new normal” by 73 percent of Americans, according to the report, and 67 percent plan to continue managing most of their finances digitally after COVID...
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General Motors To Unveil New Fully Electric Cadillac Lyriq
Thursday, August 6, 2020 - 1:54pm | 204Read More...The all-electric vehicle race is on, and one contender with limited experience is GM (NYSE: GM). With the Chevy Bolt EV on sale — and the Chevy Volt not long retired — GM is looking to add another fully electric vehicle to its stable. Cadillac will reveal its...
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GM Is Charged Up About Electric Vehicles, Makes Push To Challenge Tesla
Thursday, March 5, 2020 - 11:46am | 736Read More...General Motors Company (NYSE: GM) is mounting a full-on charge at Tesla Inc (NASDAQ: TSLA). GM on Wednesday revealed its intentions to take on Tesla in the battle to sell the next generation of electric vehicles, bringing the size and consumer credibility of a Big 3 giant to the race for what...
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This Day In Market History: Cadillac Is Founded
Thursday, August 22, 2019 - 7:00am | 364Read More...Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day 117 years ago, the Cadillac Motor Company was founded. Where The Market Was The Dow Jones Industrial Average trade at around 64.40 and the S&P 500 traded at 8.85....
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Why Cadillac Supported Detroit's First-Ever PGA Tournament
Tuesday, July 2, 2019 - 4:07pm | 729Read More...The PGA held a tournament inside Detroit city limits for the first time ever last week, and counted a quintessentially Motor City brand as one of its sponsors: General Motors Company (NYSE: GM)-owned Cadillac. Benzinga had the opportunity to speak with Victoria Gagliardi, Cadillac's manager of...
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Analysts Praise GM's Potential After Investor Day
Monday, January 14, 2019 - 12:22pm | 624Read More...General Motors Company (NYSE: GM) management reinforced bullish theses during its weekend Investor Day, when it previewed 2018 outperformance and guided for 2019 strength. “GM’s unique fundamental position (Pickups + AV + self-help) and the path to our prior $76-134 LT upside potential...
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Automakers In Top Gear As November Sales Accelerate
Thursday, December 1, 2016 - 1:34pm | 532Read More...Automakers are truly in the fast lane, as is evident from the monthly sales results reported for November by companies within the space. Easy credit terms, heavy promotions, two extra selling days this year, benign gas prices and buoyant consumer confidence have all served to work in unison to...
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General Motors Sees Record Sales For Third Year In A Row; Chinese Market Huge Driver of Sales
Thursday, January 21, 2016 - 1:25pm | 244Read More...General Motors Company (NYSE: GM) reported its third consecutive year of record sales Thursday, with 9.8 million vehicles moved in 2015. The figure represents a 0.2 percent increase over 2014 sales. Chinese sales in the luxury car market were a large factor in GM's success in 2015. Buick sales...
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Cadillac Enters China
Thursday, January 21, 2016 - 9:09am | 173Read More...Shares of General Motors Company (NYSE: GM) were trading higher by more than 1 percent. Various media outlets reported that the company opened a $1.2 billion factory in Shanghai, China. According to The Wall Street Journal, General Motors' new factory will be used to build Cadillac-...
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Bank Of America On 2015 Auto Manufacturers: Keep Those Wheels Turning
Wednesday, February 4, 2015 - 4:28pm | 708Read More...In a report published Tuesday, analysts at Bank of America took a look at the U.S. auto manufacturers' industry, which saw January U.S. light vehicle sales rise 9.3 percent year-over-year on a selling-day-adjusted basis, above the firm’s mid-month estimate of +8.0 percent “for a...
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Tigress Reiterates On General Motors Company As Shares Represent Attractive Risk/Reward Scenario
Wednesday, October 8, 2014 - 9:33am | 202Read More...Tigress Financial Partners reiterated its Strong Buy rating on General Motors Company (NYSE: GM) in a report issued Wednesday. Analyst Ivan Feinseth expressed that "GM’s strong product pipeline emphasizing the luxury Cadillac brand and a defined pathway to long- term cost savings...
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Cadillac President Johan De Nysschen's Epic Facebook Rant
Monday, October 6, 2014 - 3:16pm | 727Read More...Johan de Nysschen, global head of General Motors Company’s (NYSE: GM) Cadillac division, posted quite the Facebook rant last week. Among the points Nysschen made in his nearly 500-word epistle were the following: Explicit Instructions Nysschen started his post by saying, "Been...
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Cadillac Needs More Than Just A New York HQ, Experts Say
Wednesday, October 1, 2014 - 7:03pm | 959Read More...Since General Motors Company (NYSE: GM) announced last week that it will break out its luxury Cadillac brand into a separate business and move the headquarters to New York, executives have been on the front lines defending the decision. CEO Mary Barra has told reporters that New York is the...
