GM Nearly Doubling Area Where Automated System Is Usable
DETROIT — General Motors is adding about 350,000 miles of roadways in the U.S. and Canada to the area where drivers can use the company’s “Super Cruise” partially automated driving system.
February 15, 2024GM’s Net Income Rose 12% in 2023 Despite Costly Strike
DETROIT — General Motors’ net income rose 12% last year despite losing more than $1 billion when many of its plants were shut down by a six-week autoworkers’ strike.
GM, Honda Hydrogen Fuel Cell JV Begins Commercial Production
A joint venture between General Motors and Honda began commercial production Jan. 25 of hydrogen fuel cells in Brownstown, Mich., aimed at the commercial vehicle market.
Justice Department Inquiring Into Cruise Collision Fiasco
SAN FRANCISCO — General Motors is facing a U.S. Justice Department investigation into a collision that critically injured a pedestrian and derailed its self-driving car ambitions.
Battery Maker LG Energy Posts Earnings Miss Amid Weak Demand
Battery maker LG Energy Solution Ltd. badly missed fourth-quarter earnings estimates amid weaker demand for electric vehicles and a drop in lithium prices that hurt revenue.
GM Misses 2023 EV Goal by Half as Production Woes Persist
General Motors Co. missed its goal of producing 150,000 electric vehicles last year, with about half of them being new models built using its Ultium battery pack, by a significant margin.
Cruise Lays Off 900, Multiple Executives as Fallout Worsens
Cruise LLC, the autonomous vehicle unit owned by General Motors Co., is cutting 24% of its workforce, extending a sweeping overhaul of the business after dismissing nine top executives.
GM’s All-Electric Pledge Hinges on Demand, CEO Barra Says
General Motors Co.’s pledge to have an all-electric fleet by 2035 hinges on consumer acceptance, Chief Executive Officer Mary Barra said.
GM Says Strike Cost $1.1 Billion, but Raises Dividend
General Motors says pretax earnings took a $1.1 billion hit due to production lost during the UAW's strike, but the company expects to absorb the new contract's costs and raised its dividend.
Cruise CEO Resigns Amid Safety Concerns, Recalls
Kyle Vogt has resigned as CEO of Cruise, General Motors’ autonomous vehicle unit, as questions build about the safety of self-driving cars.
November 20, 2023