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The Latest Breaking News from General Motors

General Motors pulls plug on Cruise, its self-driving robotaxi company

The company said it would no longer fund the venture and will prioritize Super Cruise, its driver assistance program

The Guardian - US

Why GM CEO Mary Barra Is Our 2024 Person Of The Year

The electric vehicle world is a graveyard of promises. A year ago, it seemed like General Motors might need to pick out a few burial plots of its own there.

InsideEVs

Top five roles on Motorsport Jobs this week

Envision Racing is looking for a Tyre Technician/Number 2 Mechanic to join its Formula E team.

Autosport

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GM Abandons Robotaxi Operations Derailed By Accident

US auto giant General Motors announced Tuesday it will abandon its robotaxi development efforts after a highly publicized incident last year stymied its progress in the autonomous vehicle field.

International Business Times

General Motors Pulls The Plug On Cruise Robotaxi Program

General Motors announced Tuesday that it is slamming the brakes on its Cruise robotaxi program.

International Business Times

Cruise Robotaxi Service Is Dead As GM Pivots

After a staggering $10 billion investment, General Motors is officially hitting the brakes on Cruise.

InsideEVs

General Motors to stop funding its Cruise robotaxi business

The automaker said it would combine Cruise’s and GM’s technical teams.

Fortune

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GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit

General Motors says it will retreat from the robotaxi business and stop funding its money-losing Cruise autonomous vehicle unit

The Independent UK

Ferrari to power Cadillac F1 team in "multi-year" agreement

Ferrari has announced a "multi-year agreement" with Andretti Formula Racing to supply the Cadillac Formula 1 entry with power units upon its entry to the championship in 2026.

Autosport

Cadillac reach ‘multi-year’ agreement with F1 team in major boost to 2026 entry

The General Motors owned outfit are set to join Formula One as an 11th team in 2026

The Independent UK

Is General Motors Stock Underperforming the Nasdaq?

Although General Motors has lagged behind the broader Nasdaq index over the past three months, analysts maintain a cautiously optimistic outlook on the stock's growth potential.

Barchart

GM accused of ‘extortion’ over threat to tear down Detroit’s tallest skyscraper

Company threatens to tear down RenCen if taxpayers don’t contribute $250m in subsidies for renovation

The Guardian - US

Expert Outlook: General Motors Through The Eyes Of 14 Analysts

During the last three months, 14 analysts shared their evaluations of General Motors (NYSE:GM), revealing diverse outlooks from bullish to bearish.

Benzinga

2024 Honda Prologue: What Do You Want To Know?

This year has been full of surprises on the electric vehicle beat. But one of the biggest and most pleasant ones to see has been the unexpected success of the 2024 Honda Prologue. I'll be brutally candid and say that I didn't expect Honda's white-labeling of the General Motors Ultium…

InsideEVs

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InsideEVs

GM And EVgo Built 2,000 Public EV Fast Chargers

General Motors and charging network operator EVgo have installed their 2,000th co-branded electric vehicle fast charging stall in the United States.

InsideEVs

The Honda Prologue Is Becoming America’s Sweetheart EV

The Honda Prologue is proving to be this year’s underdog. A badge-engineered Chevrolet Blazer EV with the added benefit of Apple CarPlay, the Prologue is Honda’s only electric offering in the United States. Its future was uncertain, especially considering the not-so-rosy state of General Motors’ Ultium efforts at the beginning…

Benzinga

General Motors' China JV Woes Trigger Billions Of Charge: Details

GM shares down after recognizing $2.7 billion equity loss in China joint ventures. The company expects to record an other than temporary impairment of equity interest in the China JV's in the range of $2.6 billion – $2.9 billion in three months ending December 31, 2024.

Benzinga

EVgo And General Motors Hit Major Milestone With 2,000 Fast-Charging Stalls, Powering Up EV Access Nationwide

EVgo and General Motors have surpassed 2,000 public fast-charging stalls as part of their ongoing metropolitan charging collaboration. To date, EVgo and General Motors have installed fast charging stations at over 390 locations across 45 metropolitan markets in 32 states, aiming to expand access to public charging in convenient, amenity-rich…

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General Motors Faces Billion Charge Due To China Ventures

General Motors faces losses in Q4 due to underperforming Chinese joint ventures, impacting net income but not adjusted pretax earnings. GM navigates challe...

The Independent UK

China losses force General Motors to take over $5B in charges to restructure and cut asset values

The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a restructuring charge totaling more than $5 billion in the fourth quarter of this year

Motor1

Not Again: GM Recalls Another 130,000 Trucks for Tailgates That Fall Open

In February 2024, General Motors issued one of its largest recalls of the year: 323,232 Chevrolet Silverado HD and GMC Sierra HD pickup trucks were at risk for tailgates opening unexpectedly. Now, you can add another 132,037 trucks to the mix.

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