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The Latest Breaking News from GM

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.

The Street

America's Car Dealers Want To 'Slow Down' On EVs. But For Who, Exactly?

In a letter to President Biden, more than 4,000 car dealers urged the White House to "slow down" regulations mandating EVs.

InsideEVs

Ford dealers give Tesla and other EV makers an early holiday gift

Ford dealers have bad news for the Dearborn, Mich., company's EV program.

The Street

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GMC Hummer EV’s Markup Hell Finally Ends With A Huge Price Crash

The GMC Hummer EV has been the subject of huge markups since day one. Now, the market has crashed and dealers are struggling to sell them higher than MSRP.

InsideEVs

Next on the United Auto Workers' to-do list: Adding more members who currently work at nonunion factories to its ranks

Having negotiated “record contracts” with the Big Three – and seen the bulk of its rank-and-file members approve them – the United Auto Workers says its work isn’t done.

The Conversation

Tesla's futuristic Cybertruck finally arrives – here's why the company's success is riding on it

In 2019, Tesla was in the happy position of being a high-volume, premium-priced leader in the global electric vehicle (EV) market. Deliveries of 367,500 cars represented 50% growth over 2018.

The Conversation

Mazda CEO says electric car inventory is piling up

Mazda CEO Masahiro Moro says he's letting consumer demand drive the company's electric transition.

Fortune

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GM's Cruise To Relaunch Driverless Robotaxi Service On A Smaller Scale

California is unlikely to be the place where GM’s robotaxis will return, seeing how the state banned them last month.

InsideEVs

Cruise Takes Risky Route In Autonomous Driving, Lags Behind Waymo And Tesla

GM's Cruise faces safety concerns as it falls short in miles per crash compared to competitors.

Zenger

Ford CEO Jim Farley slashes plans for new battery cell plant in latest sign the EV sales bonanza may be over

Ambitions for the Michigan plant, the first Ford site to make low cost LFP battery cells, have been downsized to balance growth with profitability.

Fortune

General Motors is making an unexpected move for the upcoming Super Bowl

The longtime advertiser is doing something different for the championship game.

The Street

General Motors Kills Super Bowl Advertising For 2024

It's the first time the automaker won't play with the Big Game since 2021.

Motor1

Hyundai Motor Group Surprisingly Beat GM, Ford At EV Sales In Q3 2023

The Hyundai Motor Group has become the number one in terms of all-electric car sales in the U.S. among traditional carmakers, but Tesla remains far ahead.

InsideEVs

With historic new deals in hand, UAW auto union targets Tesla, other automakers

Following the conclusion of the union's historic stand-up strikes, the ratification process for the new contracts has officially concluded.

The Street

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InsideEVs

Cruise Played Fast And Loose With Self Driving. Now Its CEO Is Out

GM's Cruise suffers the loss of its co-founder after CEO Kyle Vogt resigns from self-driving startup.

Fortune

GM boss Mary Barra’s high-tech bet unraveling after Kyle Vogt departs as CEO of embattled Cruise robotaxi unit

Kyle Vogt departs the company he founded, marking a stunning fall from grace for a tech startup that only this summer celebrated a major victory for the fledgling industry.

The Independent UK

Ford workers join those at GM in approving contract settlement that ended UAW strikes

The United Auto Workers union has overwhelmingly ratified a new contract with Ford, a pact that, along with similar deals with General Motors and Stellantis, will raise pay across the industry

The Street

Tesla luxury rival Cadillac unveils low-priced entry-level EV

The entry-level model should be available at dealers sometime in 2024.

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Chicago Sun-Times

Union workers at Stellantis and Ford close to ratifying deals that would end lengthy labor disputes

The workers would join counterparts at General Motors in ratifying the record contracts, ending a contentious labor dispute that brought a punishing series of strikes, including in Chicago, over six weeks.

InsideEVs

GM Absorbs BrightDrop Commercial EV Unit, CEO To Leave

Nothing will change from a manufacturing standpoint, GM said, as it "remains committed to scaling BrightDrop Zevo production."

The Street

Chysler union members vote in favor of UAW deal

Earlier this week, GM union members voted to approve a proposed labor contract. Friday another vote sealed the deal for another company.

InsideEVs

2025 Cadillac Optiq Electric Luxury Compact SUV Is The Brand's Entry EV

Cadillac hasn't revealed much about its new EV other than the fact its "spirited driving dynamics are designed to appeal to global luxury customers."

Motor1

The New Cadillac Optiq Is The Brand's Smallest EV

It looks good. But we don’t have all the details just yet.

Investors Business Daily

Warren Buffett Totally Unloads 7 Of His Stocks (Including GM)

Warren Buffett is known for holding onto his S&P 500 stocks forever. But that definitely wasn't the case recently.

The Street

GM, UAW agree to labor peace after close vote

GM's workforce demographics made their labor negotiations tougher than that of rivals Ford and Stellantis.

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