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The Latest Breaking News from GM

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

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

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.

Kiplinger

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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.

Motor1

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.

Barchart

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?

InsideEVs

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.

Barchart

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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.

Motor1

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.

International Business Times

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

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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InsideEVs

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.

Zenger

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.

Fortune

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.

Motor1

General Motors Kills Super Bowl Advertising For 2024

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

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InsideEVs

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

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

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."

Motor1

The New Cadillac Optiq Is The Brand's Smallest EV

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

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