GM

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GM Cuts EV Production Plans Due to Weaker Demand

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

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GM CEO Henderson Details Plans For Michigan Plant To Build Volt Battery

GM to Launch $6 Billion Stock Repurchase Following $10 Billion Program Completion

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.

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Chevrolet Malibu Discontinued as Part of GM's EV Effort, Killing Last Chevy Sedan

Chevrolet Malibu Discontinued as Part of GM's EV Effort, Killing Last Chevy Sedan

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

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'Cheap' Chevrolet Malibu to Be Phased Out by GM After 60 Years to Focus on Producing New EVs

'Cheap' Chevrolet Malibu to Be Phased Out by GM After 60 Years to Focus on Producing New EVs

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

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GM Now Luring Tesla Interns Affected by Elon Musk's Layoffs

GM Now Luring Tesla Interns Affected by Elon Musk's Layoffs

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.

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Goldman Sachs, Barclays Reportedly Compete to Acquire General Motors' Credit Card Business

Goldman Sachs, Barclays Reportedly Compete to Acquire General Motors' Credit Card Business

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

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General Motors Appoints Ex-Tesla, Google Exec as New Head of Manufacturing

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

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LG Chem Signs Deal With GM to Build $3 Billion EV Battery Cathode Factory — the Largest of Its Kind in the US

LG Chem Signs Deal With GM to Build $3 Billion EV Battery Cathode Factory — The Largest of Its Kind in the US

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

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US-TRANSPORT-IT-BUSINESS

Cruise Pedestrian Accident: Inquiry Says Poor Leadership, Cultural Flaws Plague Response Effort

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

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General Motors Lowers Its Growth Expectations Amid Steel And Aluminum Tariffs

GM Achieves its Best US Vehicle Sales in 2023 Since 2019

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

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Tesla, Nissan, GM and Other EV Models Lose US Tax Credits

Tesla, Nissan, GM and Other EV Models Lose US Tax Credits

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.

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General Motors Stock Jumps 10% as the Automaker Announces $10 Billion Buyback, Dividend Hike

General Motors Stock Jumps 10% as the Automaker Announces $10 Billion Buyback, Dividend Hike

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

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General Motors Wins Fourth Bellwether Lawsuit, Two More Awaits For Disposal

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.

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Lyft Teams Up With GM to Launch Car Rental Program as It Aims to Get More Drivers

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.

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GM Recalls 473,000 Trucks and SUVs in Canada, US Due to Brake Pedal Issues

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.

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