A GMC pickup truck is displayed for sale on a lot at a General Motors dealership in Austin, Texas, on Jan. 5, 2023. Brandon Bell | Getty Images DETROIT — General Motors beat Wall Street’s top- and bottom-line expectations for the fourth quarter, while forecasting another strong year despite potential economic and sales head winds. … Read more
Chevrolet Cruise autonomous vehicles sit parked in a lot on June 08, 2023 in San Francisco, California. Justin Sullivan | Getty Images News | Getty Images Culture issues, ineptitude and poor leadership at General Motors’ Cruise autonomous vehicle unit were at the center of regulatory oversights and coverup concerns that have plagued the company since … Read more
DETROIT — General Motors’ plans to diversify its business through trendy industries such as ridesharing and other “mobility” ventures or startups have largely fallen flat since the automaker started investing in such growth areas in 2016. Cruise, its majority-owned autonomous vehicle subsidiary, is increasingly looking like it might be next. The unit has quickly gone … Read more
The co-founder of Cruise, Kyle Vogt, resigned from his duties as CEO, CTO, and President on Sunday night, following a month of turbulence for General Motors’ self-driving car subsidiary. Vogt exits the startup he launched in his garage 10 years ago, just weeks after Cruise recalled 950 robotaxis after one of them dragged a pedestrian … Read more
DETROIT – The United Auto Workers expanded its strikes against General Motors to a highly profitable full-size SUV plant in Texas, the union said Tuesday. The strike escalation includes roughly 5,000 workers at GM’s Arlington Assembly plant, which produces the Cadillac Escalade and Escalade ESV, GMC Yukon and Yukon XL, and Chevrolet Tahoe and Suburban … Read more
DETROIT – General Motors secured a new $6 billion line of credit as the automaker braces for additional strikes by the United Auto Workers union. “The facility that we announced today is a $6 billion line of credit that I think is prudent in light of some of the messages that we’ve seen from some … Read more
Mary Barra, CEO, GM on the NYSE, November 17, 2022. Supply: NYSE DETROIT — Normal Motors is elevating its 2023 steerage for a second time this 12 months after the automaker reported second-quarter outcomes Tuesday that had been up sharply 12 months over 12 months. The Detroit automaker additionally stated it’s rising cost-cutting measures by … Read more
2024 Chevrolet Silverado HD ZR2 GM DETROIT – Normal Motors’ U.S. automobile gross sales elevated by 18.8% within the second quarter in comparison with subdued outcomes a yr in the past when the automaker was battling provide chain points. The Detroit automaker reported gross sales Wednesday of 691,978 new automobiles from April by means of … Read more