VENTURE CAPITAL POST

The Chevrolet Malibu will be discontinued, killing the brand's last sedan. It's a part of GM's efforts to embrace EVs.

General Motors said it will stop producing affordable Chevrolet Malibu cars later this year.

GM is to the rescue as it tries to lure Tesla interns affected by Elon Musk's layoffs. Here's what a GM spokesperson shared.

Goldman Sachs and Barclays are reportedly vying to acquire General Motors' credit card business.

General Motors appoints an ex-Tesla and Google executive to be the new head of manufacturing.

LG Chem has entered into an agreement with General Motors (GM), which includes a plan to build a massive battery cathode factory in Tennessee.

Cultural flaws, incompetence, and poor leadership at Cruise caused regulatory difficulties and cover-up suspicions after an October 2023 pedestrian accident.

General Motors (GM) marked a significant achievement in 2023, reporting a 14.1% increase in U.S. vehicle sales.

Several electric vehicle (EV) models, including the Nissan Leaf, Chevrolet Blazer EV, Tesla Cybertruck All-Wheel Drive, and some Tesla Model 3s, are no longer eligible for tax credits of up to $7,500.

General Motors (GM) has unveiled a $10 billion accelerated share repurchase program and reinstated its 2023 earnings guidance.

GM has been sued with more than 400 lawsuits over defective ignition switches, of which six have been chosen as bellwether cases. Just after settling the Yingling case last week, the automobile maker has own verdict of another suit in its Favor on Friday. The remaining two damage claims for casualties are expected to get ended by this year.

App-based ride-hailing service Lyft announced its new initiative with GM, a car rental program called Express Drive. Aiming to grow its base of drivers, the new program will allow drivers to apply without owning a qualifying car but renting in instead.

GM is about to roll out yet another recall program, this time affecting 47300 vehicles in North America. The leading automaker has found issues with the brake nut that could lead to failure of this vital function. This is nowhere close to the first time the company called back its cars for some fix, and seems it won't be the last either.

GM's Maven is set to revolutionize the car-sharing and ride-sharing services with an hourly rate of $6. This has been quite an aggressive move from the conventional car-maker. However, the company is pretty confident that car-sharing section is now ready for a highly personalized, easy-to-use mobility service, which it plans to provide through its fleet of Chevrolet Spark and Tahoe.

As part of the labor agreement, the US automobile major Ford has decided to invest $9 billion in plants located in North America. Similarly, General Motors (GM) has also assured the labor union on investment of $1.9 billion and Fiat Chrysler to invest $5.3 billion as part of the contracts signed with the labor union.