Trucks come off the assembly line at GM’s Chevrolet Silverado and GMC Sierra pickup truck plant in Fort Wayne, Indiana, July 25, 2018. John Gress | Reuters DETROIT – General Motors will halt pi...
Tag: General Motors Co
FedEx tests electric carts for last-mile delivery in U.S. and Canadian cities
FedEx EP1 cart by Brightdrop Source: Brightdrop FedEx plans to test electric carts to make deliveries on its signature Express routes in 10 U.S. and Canadian cities throughout 2022. The company hopes ...
Stocks making the biggest moves midday: Boeing, Disney and more
A Boeing 777X airplane takes off during its first test flight from the company’s plant in Everett, Washington, January 25, 2020. Terray Sylvester | Reuters Check out the companies making headlin...
Boeing, Anaplan, Nielsen Holdings and more
Check out the companies making headlines before the bell: Boeing (BA) – A Boeing 737-800 jet operated by China Eastern Airlines crashed in the mountains of southern China with 132 people aboard, with ...
GM to buy SoftBank’s stake in Cruise self-driving unit
A robot car of the General Motors subsidiary Cruise is on a test drive. Andrej Sokolow | picture alliance | Getty Images DETROIT – General Motors is acquiring SoftBank Vision Fund 1’s equity own...
GM to begin production next week brand’s first EV
An undated handout photo shows the new Cadillac Lyriq, one of the electric vehicles that General Motors Co said on October 20, 2020, that its Spring Hill, Tennessee, factory will begin to produce. Gen...
Electric Last Mile shares plummet to $1 after company confirms SEC probe
The ELMS Urban Delivery, anticipated to launch later this year, is expected to be the first Class 1 commercial electric vehicle available in the U.S. market and will be produced at the Company’s...
U.S. clears way for driverless vehicles without steering wheels
DETROIT – Federal vehicle safety regulators have cleared the way for the production and deployment of driverless vehicles that do not include manual controls such as a steering wheel or pedals. The U....
Ford and PG&E partner on electric F-150 powering homes, grid
2022 Ford F-150 Lightning Ford Ford Motor will collaborate with Pacific Gas and Electric Co. in California to evaluate the bidirectional charging capabilities of the electric F-150 Lightning to power ...
Nickel price surge could threaten automakers’ EV plans
The price of nickel is surging as investors take stock of the new global reality: Russia, a key supplier of the metal, is now facing extensive sanctions following its invasion of Ukraine. In an unusua...
Used-car prices are still sky-high — but they may be easing
A pedestrian walks past a certified pre-owned car sales lot in Alhambra, California on January 12, 2022. Frederic J. Brown | AFP | Getty Images Wholesale used-vehicle prices fell in February from Janu...
How the U.S. determines what makes a car safe
Recent upticks in traffic deaths have sparked worry among safety advocates, government officials and even the industry itself. The toll — 1.36 fatalities per 100 million vehicle miles traveled — has b...
Wall Street praises Ford’s EV plans, questions sales and profit targets
Employees work on the 40 millionth Ford Motor Co. F-Series truck on the assembly line at the Ford Dearborn Truck Plant on January 26, 2022 in Dearborn, Michigan. Jeff Kowalsky | AFP | Getty Images Wal...
GM sells its stake in embattled EV start-up Lordstown Motors
The Lordstown Motors factory is where GM once operated, in Lordstown, Ohio, on October 16, 2020. Megan Jelinger | AFP | Getty Images General Motors sold its stake in Lordstown Motors during the fourth...
Jeep maker Stellantis aims to double revenue by 2030
Chris Feuell, CEO of Chrysler brand of Stellantis, introduces the all-electric Chrysler Airflow Concept vehicle during a Stellantis press event at CES 2022 at the Las Vegas Convention Center on Januar...
Cruise co-founder named CEO once again after unexpected departure
Cruise Automation COO Dan Kan (l to r), Cruise Automation CEO Kyle Vogt and General Motors President Dan Ammann Tuesday, November, 20, 2018 at Cruise Automation offices in San Francisco, California. ...
Renault, Hyundai and VW have most exposure to Russian car market
Cars sit at a standstill as people try to leave the city on February 24, 2022 in Kyiv, Ukraine. Chris Mcgrath | Getty Images New U.S. sanctions and Moscow’s invasion of the Ukraine could have a ...
Goldman’s consumer push will more than double over 2 years, CEO David Solomon says
Goldman Sachs expects investment into its digital consumer platform to really pay off in less than two years, CEO David Solomon told CNBC on Wednesday. “I put out a target at the end of 2024 of ...
Ford has no plans to spin off its EV business, CEO says
Ford CEO Jim Farley poses with the Ford F-150 Lightning pickup truck in Dearborn, Michigan, May 19, 2021. Rebecca Cook | Reuters Ford Motor has no plans at this time of spinning off its electric vehic...
The end of 3G networks is a problem for millions of car owners
The planned shutdown of outdated 3G networks will affect the connected systems of dozens of vehicle models that hit the market anytime from 2010 to as recently as 2021, in some cases. Dusan Petkovic |...
The chip shortage is so bad GM dropped heated seats in winter
General Motors had to temporarily drop heated seats as an option on vehicles in response to the chip shortage. But the largest U.S. automaker is not alone. The move is another sign of how automakers a...
GM discontinues once-promising Marketplace app that allowed you to shop while driving
GM is ending its in-vehicle “Marketplace” app that allowed drivers to order and pay for goods and services such as gasoline or coffee through their vehicle. GM DETROIT – General Motors is ...
Ford shares pop on report of potential spinoff of EV business
Ford CEO Jim Farley speaks with reporters outside the company’s world headquarters on May 19 in Dearborn, Michigan, following the debut of the electric F-150 Lightning pickup truck Michael Wayla...