GM Leaves the New York Stock Exchange for “Tech-Heavy” NASDAQ

General Motors (GM) will pay $220 million to settle allegations of selling driver data without consent, involving 35 states and D.C. The settlement follows prior FTC and California actions. GM agreed to obtain consent before sharing data, delete certain data, and enhance privacy controls. GM also agreed to implement dealer oversight and maintain a privacy program.

GM unveils its 4th-gen EV platform using LMR batteries, aiming for 20% efficiency gains. The platform integrates battery, drive unit, and centralized computing, with LMR cells offering 33% higher energy density than LFP. Ultium Cells, GM's JV with LG Energy, will produce the batteries in Tennessee. GM targets cost and range competitiveness across EV segments.

Moody's assigned ratings to $758.05 million in asset-backed securities issued by GM Financial Revolving Receivables Trust 2026-1. This is the first auto loan transaction of the year from the GMREV shelf for AmeriCredit, a subsidiary of General Motors Financial Company.

S&P Global Ratings upgraded GM's credit outlook to positive, citing improved margins and cash flow. The agency expects GM's adjusted EBITDA margins to reach 10% by 2027 and free cash flow to rise to 4.4% of sales by 2028. GM's liquidity, EV strategy, and higher-margin segments were highlighted as strengths. S&P affirmed a 'BBB' rating and noted potential for an upgrade if performance targets are met.

General Motors is recalling over 67,000 electric vehicles, including Cadillac and Chevrolet models, due to a software flaw in the Brake System Control Module that may cause braking issues. The recall covers 2023-2027 Cadillac Lyriq, 2024-2027 Chevrolet Blazer EV, 2025-2026 Cadillac Celestiq, and 2026-2027 Cadillac Vistiq. GM plans to fix the issue with a wireless software update.

GM and Honda announced investments to expand hybrid vehicle production. GM plans to invest $2B, including $1.25B at its Lansing plant, to prepare for future hybrid production. Honda will spend $3B on a new Ohio plant, adding 2,000 jobs and increasing output by 240,000 vehicles annually. Both moves reflect growing consumer interest in hybrids and shifting U.S. policies on auto technology.