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The Latest Breaking News from General Motors

United Auto Workers strike – if it happens – should channel the legacy of Walter Reuther, who led the union at the peak of its power

The United Auto Workers are engaged in high-stakes labor negotiations that could lead to the union’s first simultaneous strike against all of Detroit’s Big Three automakers: General Motors, Ford and Stellantis, the company that owns Chrysler.

The Conversation

Aborted GMC Jimmy Revival Had V8 Power: Report

It was slated to be a competitor for the Bronco and Wrangler but never reached the production lines.

Motor1

Waves of strikes rippling across the US seem big, but the total number of Americans walking off the job remains historically low

More than 323,000 workers – including nurses, actors, screenwriters, hotel cleaners and restaurant servers – walked off their jobs during the first eight months of 2023. Hundreds of thousands of the employees of delivery giant UPS would have gone on strike, too, had they not reached a last-minute agreement. And…

The Conversation

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UPDATE: Dangerous Chemical Spill Investigated At GM's Ultium Cells Plant

A slurry containing battery materials and a hazardous solvent leaked over the weekend, but Ultium Cells said no employees were exposed or injured in the spill.

InsideEVs

Hertz To Add Cadillac Lyriq And Chevrolet Silverado EV To Fleet Soon

A video featuring Hertz CEO Stephen Scherr and GM CEO Mary Barra reveals that the rental company expects to receive the first Silverado EV trucks in 2023-2024.

InsideEVs

2024 GMC Hummer EV Pickup Price Increased By Up To $1,600

In the grand scheme of things, the price increases amount to less than 2 percent in the case of the EV2X and just 0.02 percent for the Omega Edition.

InsideEVs

‘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

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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

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

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

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Autosport

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.

InsideEVs

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.

The Guardian - US

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

InsideEVs

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.

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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.

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.

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.

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