Latest news with #DuncanAldred
Yahoo
08-05-2025
- Automotive
- Yahoo
GM names North America president
This story was originally published on Automotive Dive. To receive daily news and insights, subscribe to our free daily Automotive Dive newsletter. General Motors promoted Duncan Aldred to SVP and president of its North American segment effective May 5, the automaker announced. He fills the role vacated by Marissa West in August 2024, who held the position less than a year. Aldred will report to Rory Harvey, EVP and president of global markets. 'This change supports our strategy to offer our customers around the world unrivaled choice across our ICE and EV portfolio, from brands they love and trust,' Harvey said in a statement. Aldred is tasked with building on GM's sales momentum and 'to respond with agility to a rapidly changing external environment,' the company said in the release. The automaker sold 693,363 vehicles in Q1, a 17% year-over-year increase. In Aldred's 33-year career at GM, he has held several leadership roles across the automaker's U.S. and European operations. He most recently was VP of global commercial growth strategies and operations and prior to that was global VP of Buick and GMC, according to his LinkedIn profile. GM credits Aldred for leading growth for its Buick and GMC brands, guiding GMC pickup sales to record levels and shifting Buick's focus from sedans to SUVs. Before heading up the Buick and GMC brands, Aldred was CEO of UK-based Vauxhall Motors and was VP of global sales, service and marketing for Opel. Recommended Reading GM's president of North America steps down
Yahoo
07-05-2025
- Automotive
- Yahoo
General Motors (NYSE:GM) Appoints Duncan Aldred As New North America President
General Motors experienced a 2.9% price increase over the past month, potentially buoyed by significant corporate events. The promotion of Duncan Aldred to Senior Vice President and President of North America marks a crucial leadership change, aligning with GM's strategic growth vision. Additionally, the company's Q1 earnings report disclosed increased revenue and basic EPS, coupled with a higher quarterly dividend, which may have contributed positively to investor sentiment. Concurrently, GM's recent debt financing activity via fixed-rate notes provides financial flexibility. These developments unfold amid mixed market trading, as investors focus on trade discussions and Fed rate decisions. We've identified 3 weaknesses for General Motors (2 can't be ignored) that you should be aware of. NYSE:GM Revenue & Expenses Breakdown as at May 2025 We've found 19 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. The recent advancements at General Motors, including the leadership change and enhanced financial flexibility through debt financing, are set to impact the company's growth narrative positively. With the expansion of GM's EV portfolio and Super Cruise technology, these changes support the firm's efforts to streamline operations and bolster profitability. Over the past five years, GM's total shareholder return, including share price appreciation and dividends, was 107.24%, highlighting substantial investor gains. However, over the last year, GM underperformed the US Auto industry, which returned 41.4%, indicating recent challenges despite longer-term gains. The company's strategic focus on electric vehicles and operational enhancements suggest potential improvements in future revenue streams and cost efficiencies, aiding earnings forecasts. The revenue, at US$188.45 billion, and earnings growth targets rely heavily on these initiatives taking effect. While GM has shown a 2.9% share price increase recently, the current price of US$46.94 remains an 15.8% discount from the analyst consensus price target of US$55.74. This suggests market optimism about GM's ability to enhance profitability and meet future targets, although investors should consider aligning these estimates with their own expectations. Evaluate General Motors' historical performance by accessing our past performance report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
13-02-2025
- Automotive
- Yahoo
Major automaker deploys innovative off-grid solution to aid wildfire recovery in Los Angeles: 'Make a difference'
A popular car manufacturer is gearing up to help drivers in need following the massive wildfires in Southern California. General Motors will provide off-grid generators and other resources for displaced electric vehicle owners in Los Angeles, according to Electrek. The move comes after approximately 12,000 homes were destroyed in the January blazes. The California Department of Forestry and Fire Protection declared both the Palisades and Eaton Fires fully contained following several weeks of battling flames. Now, GM is moving forward with wildfire support measures for drivers, including a specific plan for EV owners. GM will deploy three hydrogen-powered Hydrotec mobile charging units that are in a pilot phase. According to GM, these charging units are a part of the company's plan to commercialize hydrogen energy technology. The automaker will also send three Yoshi Mobility charging trailers powered by liquid propane and one InCharge Energy mobile charging station powered by a battery energy storage system and biodiesel generator. Each mobile charging solution is capable of DC fast charging multiple EVs at once. The chargers will be available for use in Los Angeles through April. Duncan Aldred, GM vice president of global commercial growth strategies, said the company is trying to find ways "to make a difference in the recovery in the weeks and months to come." According to the Department of Energy, California has the greatest number of EVs registered in the United States, followed by Florida and Texas. Just last month, leaders from TravelCenters of America and BP celebrated the opening of a DC fast charging hub on I-95 in Jacksonville, Florida. More hubs are expected to open in various locations nationwide. EV sales are on the rise as drivers expect to save hundreds of dollars a year on gas and maintenance. Powered by lithium-ion batteries, EVs are an environmentally friendly alternative to gas-powered vehicles. According to an MIT study, cars with internal combustion engines emit an average of 350 grams of carbon air pollution per mile driven. EVs create only 200 grams of carbon air pollution in comparison. If you were going to purchase an EV, which of these factors would be most important to you? Cost Battery range Power and speed The way it looks Click your choice to see results and speak your mind. GM is making a strong investment in EVs moving forward. The company is aiming for an all-electric lineup by 2035. Join our free newsletter for weekly updates on the latest innovations improving our lives and shaping our future, and don't miss this cool list of easy ways to help yourself while helping the planet.
