General Motors has announced it will take a further $6bn hit to its earnings after scaling back its electric vehicle (EV) strategy, adding to a $1.6bn charge disclosed in October. The move highlights the growing financial impact on traditional automakers following policy changes under President Donald Trump, who rolled back federal incentives and emissions regulations…
General Motors (GM) has announced it will end its pursuit of fully autonomous robotaxis, opting instead to concentrate on driver-assistance features that still require human oversight. The decision, revealed on Tuesday, signals a strategic pivot away from a costly and competitive robotaxi market. In a statement, GM cited the substantial time and financial resources needed…
Hyundai and General Motors (GM) have announced a collaborative effort aimed at developing new vehicles, streamlining supply chains, and advancing clean energy technologies. The partnership is designed to reduce costs and accelerate production amid increasing pressure on global automakers to innovate in the electric vehicle (EV) and battery space due to strict emissions regulations worldwide….
Cruise, the autonomous vehicle subsidiary backed by General Motors, has announced a new partnership with Uber to offer robotaxis on the ride-hailing platform beginning next year. This collaboration marks a significant step in Cruise’s efforts to regain traction in the autonomous vehicle market after a setback last year. Through this multi-year agreement, Uber users will…
Texas Attorney General Ken Paxton has filed a lawsuit against General Motors (GM), accusing the automaker of unlawfully collecting and selling drivers’ data without their consent. The lawsuit, filed on Tuesday, alleges that GM secretly gathered detailed driving information from vehicles and sold it to insurance companies, violating the privacy of Texas drivers. The lawsuit…
General Motors (GM) has temporarily suspended sales of its recently launched Chevy Blazer EV due to reported software-related issues encountered by some customers. Scott Bell, Vice President of Global Chevrolet, emphasized that addressing customer satisfaction remains the company’s top priority, leading to a brief pause in new deliveries. The automaker assured the public that the…
General Motors (GM) is set to cut approximately 1,300 jobs across two of its Michigan plants, the Orion Assembly and Lansing Grand River Assembly, according to WARN notices filed with state regulators. The job reductions, scheduled for the new year, follow GM’s October announcement of delaying the production of electric pickup trucks until 2025. The…
Tesla (TSLA) stock experienced a surge this week after General Motors (GM) announced that their electric vehicles would be compatible with Tesla’s charging network. This news followed a similar announcement made by Ford just two weeks prior. At the time of writing, Tesla’s stock had risen by approximately $12 per share or 5% for the…
General Motors Co (GM.N) said on Tuesday it will end production of its Chevrolet Bolt electric vehicle later this year as its shifts zero-emission production to trucks and SUVs built on a new battery platform. “We have progressed so far that it’s now time to plan to end the Chevrolet Bolt EV and EU production,…
