Latest news with #GeneralMotors
Scottish Sun
2 hours ago
- Automotive
- Scottish Sun
Iconic carmaker recalls over 60,000 motors due to ‘leaking brake fluid' that could spark fire
See if you have this model of car HIT THE BRAKES Iconic carmaker recalls over 60,000 motors due to 'leaking brake fluid' that could spark fire Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) AN URGENT recall on thousands of motors has been issued by an iconic car manufacturer due to a fire hazard. General Motors has recalled over 62,000 of its trucks due to potential brake fluid to leak and spark fire. Sign up for Scottish Sun newsletter Sign up 2 US carmaker GM recalled 62,468 of their vehicles over potential brake defects Credit: Getty 2 Models of the Chevrolet Silverados from select years were recalled Credit: Getty It is in relation to three models of trucks between the years 2019 to 2024. This includes the Chevrolet Silverado Medium Duty 4500HD, 5500HD and 6500HD models. In a letter to the National Highway Traffic Safety Administration, General Motors warned: "The brake pressure sensor assembly may leak brake fluid into the brake pressure switch and cause a short circuit." This means the circuit is at an increased "risk of a fire while driving or parked" if the electrical short overheats. There is subsequently a possibility of an under-hood fire igniting if the vehicle is unattended to turned off. The defect has been linked to a supplier using an unauthorised chemical in the assembly of the brakes, which causes them to degrade over time. However, General Motors suggest only one per cent of the recalled vehicles are expected to have the defect. Letters to owners of the vehicles notifying them of the issue can expect to be mailed today, with another to be sent once the fixtures are ready. Owners with the recalled models are advised to park vehicles outside and away from homes or buildings until their they get them checked. General Motors dealers are also providing the necessary repairs and fixtures to the recalled vehicles at no cost. General Motors urgently recalls 800k cars after terrified driver's engine abruptly stops on the highway This includes free replacements of the brake pressure switch wire harness. Any customers with further questions are urged to contact GM headquarters, which are located in Detroit, Michigan. This recall comes just months after General Motors also issued a recall of nearly 600,000 of its Cadillac, Chevrolet and GMC vehicles due to potential engine problems. Manufacturing defects in these vehicles' connecting rod and potentially crankshaft engine components was the cause of the recall in April.
The Sun
2 hours ago
- Automotive
- The Sun
Iconic carmaker recalls over 60,000 motors due to ‘leaking brake fluid' that could spark fire
AN URGENT recall on thousands of motors has been issued by an iconic car manufacturer due to a fire hazard. General Motors has recalled over 62,000 of its trucks due to potential brake fluid to leak and spark fire. 2 2 It is in relation to three models of trucks between the years 2019 to 2024. This includes the Chevrolet Silverado Medium Duty 4500HD, 5500HD and 6500HD models. In a letter to the National Highway Traffic Safety Administration, General Motors warned: "The brake pressure sensor assembly may leak brake fluid into the brake pressure switch and cause a short circuit." This means the circuit is at an increased "risk of a fire while driving or parked" if the electrical short overheats. There is subsequently a possibility of an under-hood fire igniting if the vehicle is unattended to turned off. The defect has been linked to a supplier using an unauthorised chemical in the assembly of the brakes, which causes them to degrade over time. However, General Motors suggest only one per cent of the recalled vehicles are expected to have the defect. Letters to owners of the vehicles notifying them of the issue can expect to be mailed today, with another to be sent once the fixtures are ready. Owners with the recalled models are advised to park vehicles outside and away from homes or buildings until their they get them checked. General Motors dealers are also providing the necessary repairs and fixtures to the recalled vehicles at no cost. This includes free replacements of the brake pressure switch wire harness. Any customers with further questions are urged to contact GM headquarters, which are located in Detroit, Michigan. This recall comes just months after General Motors also issued a recall of nearly 600,000 of its Cadillac, Chevrolet and GMC vehicles due to potential engine problems. Manufacturing defects in these vehicles' connecting rod and potentially crankshaft engine components was the cause of the recall in April.
The Irish Sun
2 hours ago
- Automotive
- The Irish Sun
Iconic carmaker recalls over 60,000 motors due to ‘leaking brake fluid' that could spark fire
AN URGENT recall on thousands of motors has been issued by an iconic car manufacturer due to a fire hazard. 2 US carmaker GM recalled 62,468 of their vehicles over potential brake defects Credit: Getty 2 Models of the Chevrolet Silverados from select years were recalled Credit: Getty It is in relation to three models of trucks between the years 2019 to 2024. This includes the In a letter to the National Highway Traffic Safety Administration, This means the circuit is at an increased "risk of a fire while driving or parked" if the electrical short overheats. Read More Motors News There is subsequently a possibility of an under-hood fire igniting if the vehicle is unattended to turned off. The defect has been linked to a supplier using an unauthorised chemical in the assembly of the brakes, which causes them to degrade over time. However, General Motors suggest only one per cent of the Letters to owners of the vehicles notifying them of the issue can expect to be mailed today, with another to be sent once the fixtures are ready. Most read in Motors Owners with the recalled models are advised to park vehicles outside and away from homes or buildings until their they get them checked. General Motors dealers are also providing the necessary repairs and fixtures to the recalled vehicles at no cost. General Motors urgently recalls 800k cars after terrified driver's engine abruptly stops on the highway This includes free replacements of the brake pressure switch wire harness. Any customers with further questions are urged to contact GM headquarters, which are located in This recall comes just months after General Motors also issued a recall of nearly 600,000 of its Cadillac, Chevrolet and GMC vehicles due to potential engine problems. Manufacturing defects in these vehicles' connecting rod and potentially crankshaft engine components was the cause of the recall in April.
Yahoo
5 hours ago
- Automotive
- Yahoo
General Motors' (NYSE:GM) five-year earnings growth trails the stellar shareholder returns
The simplest way to invest in stocks is to buy exchange traded funds. But in our experience, buying the right stocks can give your wealth a significant boost. For example, the General Motors Company (NYSE:GM) share price is 97% higher than it was five years ago, which is more than the market average. It's also good to see that the stock is up 6.9% in a year. On the back of a solid 7-day performance, let's check what role the company's fundamentals have played in driving long term shareholder returns. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. Over half a decade, General Motors managed to grow its earnings per share at 19% a year. The EPS growth is more impressive than the yearly share price gain of 15% over the same period. So one could conclude that the broader market has become more cautious towards the stock. The reasonably low P/E ratio of 6.30 also suggests market apprehension. You can see below how EPS has changed over time (discover the exact values by clicking on the image). We like that insiders have been buying shares in the last twelve months. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. This free interactive report on General Motors' earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further. When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. We note that for General Motors the TSR over the last 5 years was 103%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the total shareholder return. General Motors shareholders are up 8.1% for the year (even including dividends). Unfortunately this falls short of the market return. It's probably a good sign that the company has an even better long term track record, having provided shareholders with an annual TSR of 15% over five years. Maybe the share price is just taking a breather while the business executes on its growth strategy. It's always interesting to track share price performance over the longer term. But to understand General Motors better, we need to consider many other factors. Consider for instance, the ever-present spectre of investment risk. We've identified 2 warning signs with General Motors (at least 1 which shouldn't be ignored) , and understanding them should be part of your investment process. General Motors is not the only stock that insiders are buying. For those who like to find lesser know companies this free list of growing companies with recent insider purchasing, could be just the ticket. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) 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.
The Star
9 hours ago
- Automotive
- The Star
Carmakers GM, Tesla and Ford lead list of US companies in China exposure: report
General Motors, one of America's top carmakers, leads US companies in its exposure to China, perched in a delicate position as bilateral trade tensions persist amid US President Donald Trump's steep 55 per cent tariffs on imports from the country, according to a research report published this week. Other high-profile firms, including Elon Musk's electric vehicle company Tesla, rival carmaker Ford, engine manufacturer Cummins, aerospace and tech firm Honeywell, beverage giant Coca-Cola, and chipmaker Qualcomm also rank in the top 10, illustrating corporate America's dependence on the country. Influential companies Amazon, Apple, Meta and Nvidia did not make it to the top 10, but remain among the largest tech firms at risk due to disruptions in the Chinese market and their global supply chains. That is according to the latest annual index from market research firm Strategy Risks, which assessed the top 250 publicly listed US companies to identify those most vulnerable to US-China trade tensions in 2025. The report analyses a range of public information – including company filings, media reports, and government data – to assign each firm an exposure score from 0 to 100. The evaluation considered factors such as supply-chain dynamics, ties to the Chinese government and Communist Party officials, industry-specific regulations in China and even biases in the data sets related to a firm's transparency on China-related information. With a score of 69.8, GM topped the list, followed closely by Cummins and Honeywell at 65.6 and 62.9 respectively. Tesla scored 60.7 while Coca-Cola tallied 58, closely trailed by Ford at 56.5 and Qualcomm at 56.2. The report attributes GM's top ranking to its 'relatively high number of joint ventures with Chinese state-owned companies'. According to the carmaker's website, it has 10 joint ventures in China, including a 50-50 joint venture called SAIC-GM with SAIC Motor, a state-owned Chinese company. In December, GM said it expected to lose more than US$5 billion as it reorganised its struggling business in China, where car sales have dropped sharply. According to Juozapas Bagdonas of Strategy Risks, General Motors has not only been significantly affected by tariffs, but recent restructuring of some of its joint ventures in China has also made the company more 'politically exposed'. 'They hold less power over those joint ventures,' he said, 'and potentially the government could impose their will on intellectual property, or any other things that might be important for some American company like GM.' Chinese officials have recently sought to allay concerns that foreign companies operating on the mainland might harbour amid ever-escalating trade tensions. Speaking at the US-China Business Council in Washington last week, Xie Feng, Beijing's ambassador to Washington, said many American firms were increasingly worried about 'losing the Chinese market' and that their R&D efforts would 'slow down'. 'Your concerns should be heeded,' Xie added. Tesla and Ford scored high this year in the category assessing exposure to politically sensitive areas and human-rights concerns 'due to their extensive presence in Xinjiang and Tibet, as well as their public overtures to the Chinese government on sensitive issues', the report stated. Colgate-Palmolive, a consumer products company, was also listed as among the most vulnerable to disruptions due to its heavy reliance on Chinese exports of plastic and electric toothbrushes, 'with hundreds of containers shipped from Chinese ports to the US in 2024'. Apple, which topped last year's list at No 2, slipped to No 27 this year, but it still rated among the largest tech companies most exposed to China, along with Amazon, Microsoft, Meta and Nvidia. The California-based tech giant still earns about 17 per cent of its revenue from China, and a substantial risk lies in its hundreds of manufacturing facilities across the country that build iPhones and MacBooks. The report warned that any serious supply-chain disruption in China 'could prove catastrophic' for Apple, even as it shifts more of its production to India. Electronics like smartphones and laptops are currently exempt from Trump's 10 per cent reciprocal tariffs on China. Bagdonas believed tariffs played a major role in companies looking to reduce their exposure to China. More than Trump's on-and-off reciprocal duties, the Section 301 tariffs imposed in response to alleged unfair Chinese trade practices, including forced tech transfers and intellectual property violations, were longer lasting and of greater concern, he said. These tariffs, introduced at the outset of the US-China trade war in 2018, were repeatedly renewed under former US president Joe Biden. 'For example, Tesla is subject to pretty high tariffs that have stayed in place since Biden took office and continue to be extended,' Bagdonas said. 'But then again, companies like Apple have largely been exempt from tariffs on smartphones, MacBooks and other electronics.' In the report's overall rankings, Amazon came in at 20th, driven by its heavy reliance on Chinese-made products, which dominate its shipments to Western markets. In 2023, US shoppers spent about US$200 billion on Chinese goods via Amazon, bringing the company an estimated US$70 billion in net profit. Microsoft placed 29th, with the report citing thousands of electronics shipped from China in 2024. Key AI components like doped silicon wafers face a 50 per cent tariff, potentially slowing its AI expansion. Nvidia came in at 85th, hindered by American export bans on its top chips to China. The company is now focusing on autonomous driving, supplying Orin chips to Chinese electric vehicle maker BYD, the world's largest in the sector. Meta ranked 94th, with its China revenue rising 34 per cent in 2024 to account for 11 per cent of total earnings. It also earns about US$7 billion a year from Chinese retailers like Temu and Shein through ad sales and relies on Chinese electronics for its VR and AI hardware, the report found.
