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The Latest Breaking News from General Motors

‘We are burned out’: UAW ready to take on automakers in contract negotiations

Amid record profits, workers want to roll back concessions made to auto industry after the 2008 economic recession

The Guardian - US

GM To Cut 200 Engineering Positions Amidst Strategic Evolution

The automaker is targeting $2 billion in cost reduction.

Motor1

GM's Cruise autonomous vehicle unit agrees to cut fleet in half after 2 crashes in San Francisco

General Motors’ Cruise autonomous vehicle unit has agreed to cut its fleet of San Francisco robotaxis in half as authorities investigate two recent crashes in the city

The Independent UK

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Honda And Acura To Follow GM And Adopt Tesla's NACS

Honda and its luxury Acura brand will adopt the Tesla's North American Charging Standard (NACS) charging connector in North America.

InsideEVs

U.S car industry would lose $5.5 billion if workers strike, report says. So far, negotiations have been rife with ‘theatrics and personal insults’

A walkout could cost carmakers almost a billion dollars over a week and a half, while workers could lose $860 million in pay.

Fortune

Warren Buffett Sells GM Stock: Here's Why You Should Buy Instead

Warren Buffett's firm unloaded nearly half of its remaining General Motors stake in Q2 - but given the tepid valuations, GM looks like a good buy at these prices.

Barchart

General Motors Pours Millions Into California Battery Start-Up Mitra Chem

General Motors and Mitra Chem join forces to develop advanced iron-based cathode battery materials for future EVs.

InsideEVs

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VinFast Stock Forecast: More Volatility Ahead for New EV Listing

VinFast went public through a SPAC reverse merger, and boasts a market cap in excess of established automakers like Ford and General Motors. I believe that the stock is grossly overvalued at these prices, and is set to extend its recent losses.

Barchart

Corvette names 2024 IMSA drivers as Taylor returns to WTR

Sharing driving duties across the two Pratt Miller Motorsports-run Corvette Z06 GT3.Rs in the GTD Pro class next year will be Nicky Catsburg, Antonio Garcia, Tommy Milner and Alexander Sims, with exact combinations still to be announced.

Autosport

VinFast Worth $85 Billion After Going Public, More Than GM, Ford, VW

VinFast stock soared in its debut as a public company on Nasdaq, with its market capitalization exceeding that of GM and Ford as traders flipped VFS shares.

InsideEVs

Biden’s climate bill leaves workers behind in shift to electric cars, union says

Legislation gives incentives to companies to manufacture EVs without protections for workers, says head of autoworkers union

The Guardian - US

General Motors Outlines Ultium-Based BEV Rollout Plan For H2 2023

General Motors announced that during the second half of 2023, will begin production of several new all-electric vehicles, based on the all-new Ultium platform.

InsideEVs

GM Said To Extend 2023 Chevy Bolt EV/EUV Production Into December

The 2023 Bolt EV and Bolt EUV entered production in July 2022, meaning that the 2023 model year of the two EVs will have a production run of 17 months.

InsideEVs

GM Releases Cadillac Escalade IQ Design Sketches, Execution Seems On Point

The General Motors Design page on Instagram has shared the design sketches of the Cadillac Escalade IQ.

InsideEVs

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Zenger

Cadillac’s New Escalade IQ Unveiled As The First GM Zero Emissions SUV

Automaker giant General Motors Company (NYSE: GM) unveiled its Cadillac Escalade IQ electric vehicle on Wednesday.

InsideEVs

General Motors Says "Ultium-Based Coupes" Will Arrive By 2026

GM has mentioned that V2H capability will be offered on "Ultium based coupes" in a video announcing a broad availability of bi-directional charging by 2026.

InsideEVs

GM Having Difficulty Ramping Up EV Production, CFO Admits

GM CFO Paul Jacobson said the automaker had manufactured more than 1,000 Lyriq SUVs in July, which is still well below the automaker's initial expectations.

Barchart

Ford Stock Falls Out of Favor After Earnings: Should You Buy or Sell?

Ford stock has pulled back since its Q2 earnings, and is significantly lagging EV rivals like Tesla. However, reasonable valuation multiples and an attractive dividend yield make the legacy automaker a contrarian buy at these levels.

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news in one place.

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InsideEVs

BrightDrop Enters Mexico With Zevo 600 And Zevo 400 Electric Vans

General Motors' BrightDrop announced that is adding Mexico as the next country - following the United States and Canada - to receive its all-electric vans.

Motor1

GM To Expand V2H Capability To More Ultium-Based EVs By 2026 Model Year

Upcoming Chevrolet, GMC, and Cadillac models are set to receive the useful feature.

InsideEVs

Cruise Robotaxi Collides With Turning Semi-Truck In San Francisco

The GM-owned self-driving unit confirmed the incident and said the semi-truck was in the right lane when it tried to turn left as the Cruise car was passing.

The Conversation

US autoworkers may wage a historic strike against Detroit’s 3 biggest automakers – with wages at EV battery plants a key roadblock to agreement

The United Auto Workers union, which represents nearly 150,000 employees of companies that manufacture U.S.-made vehicles, kicked off in mid-July 2023 the labor negotiations it undergoes every four years with the three main unionized automakers.

InsideEVs

GM And EVgo Deployed 1,000 DC Fast Charging Stalls

EVgo and General Motors celebrates opening of 1,000th DC fast charging stall, as part of their collaboration to expand fast charging infrastructure in the US.

InsideEVs

GM Resumes Production Of BrightDrop Zevo 600 Electric Vans In Canada

Production of the BrightDrop Zevo 600 electric delivery van is back on track after GM has resumed the supply of Ultium batteries to the CAMI Assembly plant.

Motor1

Cadillac Escalade IQ Spy Shots Catch EV Testing Ahead Of August 9 Debut

It looks sleeker than its gas-powered counterpart.

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