VENTURE CAPITAL POST

General Motors (GM) has secured a $500 million grant from the US Department of Energy to support the production of EVs at its Lansing Grand River Assembly plant.

The Environmental Protection Agency (EPA) found that General Motors emitted more than 10% of what was reported between 2012 and 2018 in 5.9 million vehicles, penalizing the company with $145.8 million.

General Motors has hired former key Xbox engineer and executive Marc Whitten as the new CEO of Cruise, its robotaxi service, in an aim to recover itself after being suspended of its California license.

GM is lowering its estimated sales and manufacture of EVs this year as adoption in the US slows.

GM approved a $6B stock buyback following a $10B program to boost share value and as they keep up with all-electric vehicle market competition.

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.

General Motors might need to leave China as losses mount to $106 million in just three months, the third time in 15 years.

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.

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.

General Motors announced its plans to invest $328 million to to its Tonawanda and Lockport plants. The news came as a relief to the workers who felt reassured of their future as the company will retain hundreds of jobs on both plants.