General Motors Co. (NYSE: GM) announced today that its Board of Directors has authorized the reinstatement of a quarterly cash dividend on the company’s outstanding common stock at a rate of $0.09 per share. The first dividend will be paid on Sept. 15, 2022, to shareholders of record as of the close of business on Aug. 31, 2022.
GM suspended its quarterly dividend in April of 2020 in response to uncertainty caused by the global coronavirus pandemic. While some uncertainty still exists, AutoInformed thinks that the ongoing successes of the Biden Administration’s public health and employment policies – particularly the passage of the Stop Inflation Recovery Act of 2022 – are reasons for optimism. (AutoInformed: Biden Recovery: Transportation Jobs Equal Pre-Pandemic; Biden Administration Cuts Republican Budget Deficit by 66%; President Biden Targets 50% Electric Vehicle Sales in 2030) Continue reading











ZDX and Type S To Be Acura’s First Pure EVs in 2024
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Acura today announced that its first full-electric SUV coming to market in 2024 will be named the Acura ZDX. Acura will also launch with a ZDX Type S performance variant. The ZDX will be the first production model to use many of the styling themes of the new Acura design direction introduced during Monterey Car Week in the form of the Acura Precision EV Concept.
Well, yes but largish ZDX is being co-developed with GM using the highly flexible global EV platform powered by Ultium batteries. What fun for brand managers – a common platform for Cadillac and Acura SUVs? Acura eventually will launch additional EV models starting in 2026 based on the company’s own global e:Architecture. (AutoInformed: GM, Honda to Develop New EVs for Sale in 2027; Honda Prologue EV – Vapor Ware Until 2024) Continue reading →