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GM shares close at new year-to-date high following Hummer EV debut Shares of   General Motors   closed Thursday at their highest price so far this year following the successful debut Tuesday of the   new GMC Hummer EV   as well as the automaker’s announcement earlier in the week of more than   $2 billion   in new U.S. investments to support electric vehicles. The stock settled at $37.41 a share, rising 4.6% for the day and pushing the price up 2.2% year to date. That was just enough to drive the shares into the black for the first time since Jan. 2. The stock has jumped by 11.8% this week through Thursday. If it continues at that pace, this week will be one of the top five weeks of the year for the stock, according to FactSet data. The stock’s 52-week high was $38.96 on Nov. 12. Several Wall Street analysts complimented GM during an investor presentation Wednesday about the Hummer EV, which debuted Tuesday night, but no major research firms have upgraded th...

For just $112,595 you can get the new GMC Hummer EV pickup General Motors revealed its first all-electric pickup Tuesday – the 2022 GMC Hummer EV Edition 1. The pickup, which will be built at GM's Factory ZERO in Detroit and Hamtramck, Michigan, will be the first fully-electric addition to GMC’s lineup that starts production late next year. Consumers can place reservations for Edition 1 trim now. But be prepared to ante up some serious cash, as the starting price is $112,595. It will be powered by GM's proprietary Ultium batteries and Ultium Drive, GM’s proprietary EV drive units and have off-road capability. Escalade: 2021 Cadillac Escalade's features and tech propel luxury SUV to leadership Recall: Ford recalls 2020 Escape, Transit Connect to fix defects “This innovative truck comes to market with speed and purpose, bringing GM another step closer to an all-electric future,” said Mark Reuss, GM's president. “With our Ultium Drive architecture as the ...