General Motors news
Across the industry, auto analysts say, an “affordability shift” is taking root.
Shares of General Motors surged almost 10% after the automaker posted a $3 billion third-quarter profit, slightly less than the same period a year ago. It was the stock’s biggest single-day percentage gain in more than four years.
The Biden administration is awarding nearly $2 billion in grants to carmakers to help restart or expand electric vehicle manufacturing and assembly sites in eight states.
The union representing workers at a Lear Corp. plant that makes seats for General Motors said it reached a tentative agreement with the company, ending a strike that was in its fourth day.
A tiny, low-priced electric car called the Seagull has American automakers and politicians trembling.
President Joe Biden’s administration has conditionally agreed to loan more than $2 billion to the company building a controversial lithium mine in Nevada.
General Motors said that it is resuming sales of its electric Chevrolet Blazer after software issues forced the automaker to halt sales in December.
Ford Motor Co. reported that it swung to a net loss in the fourth quarter due to a large accounting charge on pension plans and the effects of a six-week strike at multiple factories by the United Auto Workers union.
General Motors is recalling more than 323,000 heavy-duty pickup trucks in the United States because the electronic tailgate release switches can short circuit and open the gates while the vehicles are in park.
The Kia EV9 large electric SUV won the 2024 North American Utility of the Year award, while the Toyota Prius hybrid took the top car honors, and Ford’s Super Duty pickup won the truck award.
U.S. consumers looking to get a tax credit on an electric vehicle purchase have fewer models to choose from under new rules that limit the countries where automakers can buy battery parts and minerals — a potential blow to efforts to reduce planet-warming emissions from autos.
General Motors’ troubled Cruise autonomous vehicle unit is cutting over 900 jobs, about a quarter of its workforce, as it moves to reduce costs and remake itself after a series of safety problems in San Francisco.
The White House is lending its support to an auto industry effort to standardize Tesla’s electric vehicle charging plugs for all EVs in the United States, part of a broad effort to stimulate their sales to help combat climate change.
BMW is recalling a small number of SUVs in the United States because the driver’s air bag inflators can blow apart in a crash, hurling metal shrapnel and possibly injuring or killing people in the vehicles.
With manufacturing kinks still to be worked out, Tesla delivered the first of its futuristic Cybertruck pickups two years behind the original schedule amid uncertainty over when large-scale production will begin.
General Motors says it’s on track to generate mid single-digit pretax profit margins in 2025 as it produces more higher margin EVs, works out kinks in battery manufacturing and sees battery cost reductions.
Clearly frustrated with its languishing share price, General Motors announced a massive stock buyback plan, raised its dividend and told investors it can absorb increased labor costs from a six-week autoworkers strike.
The United Auto Workers union has reached a tentative contract agreement with Mack Trucks that covers about 4,000 workers in three states.
The United Auto Workers union expanded strikes against Detroit automakers, ordering 7,000 more workers to walk off the job in Illinois and Michigan to put more pressure on the companies to improve their offers.
The top-selling vehicle in America will get a bit of a facelift next year, one of just a few new or updated vehicles that will be shown off at Detroit’s big auto show.
About 13,000 U.S. autoworkers stopped making vehicles and went on strike Sept. 15 after their leaders couldn’t bridge a giant gap between union demands in contract talks and what Detroit’s three automakers are willing to pay.
Despite taking on a huge chunk of an expensive electric vehicle recall, General Motors posted $2.54 billion in second-quarter net income, a 52% increase over a year ago.
What features do you consider a priority when car shopping? Horsepower or cargo space are often mentioned, but the reality is that today’s vehicles are quite similar in how they drive and how much stuff they can hold.
Electric vehicle maker Rivian said it will follow General Motors and Ford and join Tesla’s charging network next year.
General Motors has hired a former high-ranking executive at Apple to run a new software organization at the automaker.
Rising factory output led to strong U.S. sales at the end of last year, pushing General Motors’ fourth-quarter net income up 16% over the same period a year ago.
General Motors Co. has conditionally agreed to invest $650 million in Lithium Americas Corp. in a deal that will give GM exclusive access to the first phase of a mine planned near the Nevada-Oregon line with the largest known source of lithium in the United States.
Honda is expanding the use of hydrogen to include trucks and construction equipment, electricity for buildings and even outer space, not just cars on the roads.
Ford is cutting prices on its Mustang Mach-E electric SUV by as much as $6,000 just weeks after market leader Tesla took similar steps.
As of Jan. 1, many Americans will now qualify for a tax credit of up to $7,500 for buying an electric vehicle. The credit, part of changes enacted in the Inflation Reduction Act, is designed to spur EV sales and reduce greenhouse emissions.
General Motors says it expects its portfolio of electric vehicles to turn a profit in North America by 2025 as it boosts battery and assembly plant capacity to build over 1 million EVs per year. CEO Mary Barra used the pledge to kick off the company’s investor day event.
Two new U.S. studies show that automatic emergency braking can cut the number of rear-end automobile crashes in half and reduce pickup truck crashes by more than 40%.
General Motors said it will spend $760 million to renovate its transmission factory in Toledo, Ohio, so it can build drive lines for electric vehicles.
A parts shortage that has thousands of Ford’s most-profitable vehicles sitting on lots waiting to be fully assembled has forced the automaker to slash its third-quarter earnings forecast.
The collection of new vehicles on sale is constantly changing with all of the latest introductions and discontinuations. While the all-new vehicles get plenty of hype, automakers are typically quiet when they cease production of a vehicle.
About 3,000 white-collar workers at Ford Motor Co. will lose their jobs as the company cuts costs to help make the long transition from internal combustion vehicles to those powered by batteries.
California set itself on a path to end the era of gas-powered cars, with air regulators adopting the world’s most stringent rules for transitioning to zero-emission vehicles.
California will require all new cars, trucks and SUVs sold in the state to run on electricity or hydrogen by 2035 in an ambitious move away from gasoline-powered vehicles and the pollution they emit.
Thundering gas-powered muscle cars, for decades a fixture of American culture, will be closing in on their final Saturday-night cruises in the coming years as automakers begin replacing them with super-fast cars that run on batteries.
Honda’s fiscal first-quarter profit fell 33% from last year as a global computer chip shortage, a pandemic-related lockdown in China and the rising costs of raw materials hurt the Japanese automaker.
If the United Auto Workers union can’t organize workers at new electric-vehicle battery factories that will supply Detroit’s three automakers, the union’s future would be in serious doubt.
Clogged oil ports, electrical shorts and leaks of brake fluid are only some of the safety problems that have caused multiple fires and forced Hyundai and Kia to recall millions of vehicles in the past seven years.
General Motors’ second-quarter net income fell 40% from a year ago as computer chip and parts shortages hobbled factory output and drove the company’s U.S. sales down more than 15%.
If you plan to go shopping for a new flex-fuel vehicle, your choices may be limited. Very limited, in fact, to a single automaker.
New-vehicle sales in the United States fell about 12% in the first quarter compared with a year ago, as the global computer chip shortage continued to slow factories amid high consumer demand.
General Motors is shutting down its pickup truck factory in Fort Wayne for two weeks because the company has run short of computer chips.
Ford will split its electric vehicle and internal combustion operations into two individual businesses to accelerate its adaptation of new technology and the Detroit automaker said that its transformation into an EV company is accelerating.
General Motors said that Kyle Vogt will take over as CEO of its Cruise autonomous-vehicle subsidiary, a company he helped found in 2013.
Two big names in Japanese electronics and autos are joining forces to produce an electric vehicle together.
General Motors increased its net income 56% last year, helped by higher prices for its vehicles that were made scarce by a global shortage of computer chips.