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The Latest Breaking News from GM

Safety regulators investigating after Takata air bag inflator in BMW blows apart, injuring driver in Chicago

The National Highway Traffic Safety Administration says BMW is recalling 486 SUVs after the driver was seriously on Oct. 23. BMW blamed a welding defect and said it is limited to a small lot of inflators.

Chicago Sun-Times

Bourdais: Cadillac “still really green on knowledge” of GTP car

All five IMSA GTP manufacturers – including Lamborghini’s new SC63 LMDh challenger – will be in action on Wednesday and Thursday at the 3.56-mile, 12-turn road course that incorporates sections of the high-banked oval.

Autosport

GM's Cruise robotaxi service faces potential fine in alleged cover-up of San Francisco accident

California regulators say a San Francisco robotaxi service owned by General Motors covered up an accident involving one of its driverless cars, raising the specter they may add a fine to the recent suspension of its California license

The Independent UK

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US agency to watch unrecalled Takata inflators after one blows apart, injuring a driver in Chicago

U.S. auto safety regulators say they are monitoring data from a group of mostly unrecalled Takata air bag inflators after one of them exploded in a BMW and hurled metal fragments that seriously injured a driver in Chicago

The Independent UK

Almost 73,000 Second-Gen Chevrolet Volt PHEVs Probed For Power Loss

The NHTSA received 61 complaints from owners regarding loss of motive power, reduced power state, and failure to restart.

InsideEVs

BMW recalls SUVs after Takata air bag inflator blows apart, hurling shrapnel and injuring driver

BMW is recalling a small number of SUVs in the U.S. because the driver’s air bag inflators can blow apart in a crash, hurling metal shrapnel and possibly injuring or killing people

The Independent UK

Major U.S. city offers electric-vehicle owners new cure for range anxiety

The auto industry's birthplace unveils an unusual way to charge electric vehicles.

The Street

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Dow Jones Hits 2023 High, Nasdaq Slips; Tesla Cybertruck, Salesforce In Focus: Weekly Review

The Dow Jones pushed higher, but the Nasdaq slipped despite strong software earnings and a Fed shift toward rate cuts. Tesla Cybertruck deliveries began.

Investors Business Daily

GM Knows It Loses Money On EVs But Plans To Fix That Next Year

The company's EV pretax margins are expected to improve significantly around the middle of the decade.

Motor1

Tesla delivers 13 stainless steel Cybertruck pickups as it tries to work out production problems

With manufacturing kinks still to be worked out, Tesla has delivered the first dozen or so of its futuristic Cybertruck pickups to customers

The Independent UK

Tesla Cybertruck: What Else Can You Buy For The Same Amount Of Money?

Tesla has finally put a price on the Cybertruck, so here's how it compares with other all-electric, hybrid, and gas pickups.

InsideEVs

Automakers Rethink E.V. Investments as Higher Labor Costs Hit

President Joe Biden's support for the United Auto Workers might have harmed his push for a faster transition to electric vehicles.

Reason

Automakers introduce sleek new versions of the SUVs Americans love

Retro-inspired looks and driver assists are some of the highlights of these new models.

The Street

GM CEO Expects ‘Significantly Higher’ EV Production In 2024

Mary Barra said the company was “a bit disappointed” because of the manufacturing restraints in building EV battery cells.

InsideEVs

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The Street

Ford slides after new profit forecast, UAW strike-cost tally

Ford pegged the cost of the six-week UAW strikes at $1.7 billion, more than rival GM's $1.1 billion estimate, while issuing an updated 2023 profit forecast.

Kiplinger

Stock Market Today: Stocks Give Back GDP Gains After Beige Book

The latest GDP report showed the U.S. economy grew at a rapid-fire rate in the third quarter, but the Fed's Beige Book sparked concerns.

Motor1

2025 Chevy Suburban And Tahoe Get Bigger Touchscreens And Stronger Diesels

Massive 24-inch wheels are available as an option on the facelifted Expedition rival.

Barchart

Ford Stock 2024 Forecast: Will Investors' Patience Finally Pay Off?

Ford stock looks on track to close in the red for the second consecutive year. Here's the 2024 forecast for the Detroit automaker, and why it looks like a good buy.

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Investors Business Daily

Stocks Mostly Succumb To Losses; 2 Insurance Stocks Tank On Deal News

The stock market struggled with the major indexes giving back gains on Wednesday. CrowdStrike rallied after a robust earnings report.

InsideEVs

Hyundai Motor Will Halt One Of Its ICE Vehicle Factories To Build A New EV Plant

Other manufacturers claim their EV sales are slow due to weak demand. So how come Hyundai is charging ahead?

Barchart

Large Unusual Options Activity in GM Stock After Its Huge Buyback News

GM said today it was starting a $10 billion accelerated share buyback program. As a result, a huge number of calls have been traded as seen in the Barchart Unusual Stock Options Activity Report.

Motor1

GM Says New UAW Labor Deals Will Cost $9.3 Billion

That factors out to about $575 per vehicle over the life of GM's union contracts.

International Business Times

With Auto Strike Over, GM Announces Big Share Buybacks

General Motors announced hefty new initiatives Wednesday to return billions of dollars to shareholders, lifting its stock price as it estimated the recent labor strike hit at $1.1 billion.

Investors Business Daily

GM Stock Soars, Leads S&P 500 On 33% Dividend Hike, $10 Billion Buyback, Renewed Guidance

GM stock rallied Wednesday after the automaker announced big shareholder returns and reinstated 2023 earnings guidance following labor strikes.

The Street

General Motors surges on dividend boost, $10 billion buyback, new profit outlook

General Motors said the six-week UAW strike would likely take $1.1 billion from its bottom line this year, but vowed to boost shareholder returns following its October settlement.

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