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The Latest Breaking News from General Motors

In the first three months of this year, the firm generated $2 billion in revenue, an increase of 13 percent year-over-year (YOY).

InsideEVs

GM Makes a Shocking Move In Its Battle With Tesla

General Motors is ending the run of its affordable EV to focus on electric truck production beginning next year.

The Street

Stellantis to offer buyouts amid electric vehicle transition

Stellantis says it's offering buyouts to groups of white-collar and unionized employees in the U.S., as well as hourly workers in Canada

The Independent UK

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The Chevy Bolt, GM's popular electric vehicle, is on its way out

General Motors CEO Mary Barra said the company would halt production on small EV at the end of the year — shifting the plant in Orion Township, Mich., to make two new electric truck models instead.

WEKU

Japan's Honda outlines global strategy for electric cars

Honda is gearing up for an electrification shift in North America with two models developed with General Motors going on sale next year, and a bigger EV with a new platform in 2025, a year earlier than initially announced

The Independent UK

General Motors lifts 2023 forecast after strong Q1 results

New York (AFP) - General Motors raised key 2023 profit projections Tuesday, following a solid first quarter in which robust results in North America compensated for a tough period in China.

AFP

GM And Samsung SDI Announce $3 Billion Battery Cell Plant In US

GM and Samsung SDI plan to jointly operate the facility, which is expected to build nickel-rich prismatic and cylindrical cells starting from 2026.

InsideEVs

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GM, Samsung plan new EV battery cell factory in US

General Motors and South Korea's Samsung SDI say they plan to invest more than $3 billion in building a new electric vehicle battery cell plant in the United States

The Independent UK

Army DUKWs still used daily in Kuranda more than 80 years after they were made

These amphibious war machines were built by women during WWII and used to transport troops and supplies. But these days they are more like to be found ferrying tourists around holiday hotspots.

ABC News

GM Ending Chevy Bolt Production By The End Of 2023; Automaker Defies Wall Street With Earnings Gain

GM is No. 2 in U.S. EV sales thanks to the aging Bolt, but is far behind Tesla.

Investors Business Daily

Made in Australia? The electric vehicle revolution gives us a chance to revive an industry

Electric vehicle sales are surging. Australian sales doubled in 2022 to 3.8% of all new vehicle purchases, and were up 780% in the first two months of 2023 compared to a year ago.

The Conversation

GM Confirms Full $7,500 Credit Across Entire EV Lineup Under MSRP Cap

GM announced that its customers will benefit from full $7,500 Clean Vehicle Purchase Incentive, across the entire EV lineup, under the MSRP cap.

InsideEVs

Market Rally Retreats On Recession Fears; Tesla Skids On Deliveries, Oil Soars On OPEC+ Cut: Weekly Review

The market rally retreated on recession fears this week, with many leaders hit. Tesla tumbled after deliveries. Crude oil soared on an OPEC+ output cut.

Investors Business Daily

Ferrari Continues to Race Ahead. Is It Still a Buy?

Ferrari’s share price is up more than 25% year-to-date, more than 4x General Motors’ gains. Is it too late for investors to make money off this luxury stock?

Barchart

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StockNews.com

General Motors Released Its Q1 U.S. Sales Report, Get in on the Stock NOW

Leading automaker General Motors (GM) reported solid U.S. sales in the first quarter of 2023. Furthermore, analysts seem bullish about the company’s long-term prospects as it plans to move aggressively toward EV leadership. Given its sound fundamentals and growth prospects, investors should get their hands on this top auto stock.…

InsideEVs

GM Overtakes Ford As The No. 2 Seller Of EVs In US, Trails Tesla

Tesla remains the undisputed leader in America's EV market, with the automaker expected to announce at least 180,000 deliveries for Q1 2023 in its home market.

The Independent UK

Robotaxis aim to take San Francisco on ride into the future

Two trailblazing ride-hailing services are heading toward uncharted territory as they seek regulatory approval to transport passengers around the clock throughout one of the most densely populated U.S. cities in vehicles that will have no one sitting in the driver’s seat

Chicago Sun-Times

GM takes No. 2 spot in EV sales behind Tesla, passes Ford

Strong sales of the Chevrolet Bolt pushed General Motors ahead of Ford in electric vehicle sales during the first quarter.

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The Independent UK

GM passes Ford to take No. 2 spot in EV sales behind Tesla

General Motors has ridden strong first-quarter sales of the Chevrolet Bolt to bump crosstown rival Ford out of second place in the U.S. electric vehicle sales race

InsideEVs

US: General Motors Plug-In Car Sales Surged In Q1 2023 To Over 20,000

GM is quickly increasing battery electric vehicle (BEV) sales, setting a new all-time quarterly record - first time above 20,000 units.

The Independent UK

About 5K GM salaried workers take buyouts, avoiding layoffs

About 5,000 white-collar workers at General Motors took the company’s buyout offers, which the automaker says is enough to avoid layoffs at this time

The Street

General Motors Has Great News About Its Electric Vehicles

The Detroit-based Tesla Rival is not letting the risk of a recession spoil its plans to produce record numbers of electric vehicles.

InsideEVs

GM Joins Tesla: No Apple CarPlay, Android Auto In Future EVs

Tesla gets away with it, but can GM?

Motor1

Ford Pulls Petition To Skip Safety Standards On Autonomous Vehicles

The automaker is focusing on its SAE Level 2 BlueCruise technology.

Investors Business Daily

U.S. Auto Sales Grow In Q1 As Inventories Rise, Led By 18% Jump For GM

After a tough 2022, analysts say Q1 U.S. auto sales are likely to grow more than expected, led by General Motors, Ford and Tesla.

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