General Motors announced a breakthrough in LMR battery chemistry for 2028, targeting EV profitability within 3-5 years despite incurring $7.2B in restructuring charges.
- Claudia Gast from Lucid Motors has been appointed as VP of Strategy and Deputy CFO, effective March 1, to lead technology partnerships.
- The company is adjusting its strategy by scaling back EV capacity to navigate current industry shifts and sector-wide pressures.
- GM stock closed at $80.67 (-4.24%) on 2026-02-09, trading slightly higher after-hours at $80.75 (+0.10%).