Hertz to Order Up to 175,000 EVs From GM
The Hertz Corp. is planning to order up to 175,000 electric vehicles from General Motors Co. over the next five years for its rental fleet, the companies said Sept. 20.
GM Bets on EVs for the Masses With $30,000 SUV
GM expects to make the electric model of its popular Chevrolet Equinox SUV available for sale in about a year with a $30,000 price tag.
GM Venture Starts Building Battery Cells at New Ohio Factory
DETROIT — General Motors said Aug. 31 that a new electric vehicle battery plant built in Ohio has started producing cells, which could help customers get federal tax credits.
August 31, 2022DOE Lends $2.5 Billion to GM Venture for EV Batteries
WASHINGTON — A joint venture between General Motors and South Korean battery company LG Energy Solution is set to receive a $2.5 billion loan from the Energy Department to build battery cell factories for electric vehicles in three states.
GM Misses Profit Estimates as Chip Shortage Crimps Output
General Motors Co. reported weaker second-quarter profit than analysts’ estimates as semiconductor shortages kept production volumes in check. The automaker also warned it is bracing for tougher times ahead.
With Blazer EV, GM Now Has a Rival to Tesla’s Model Y
General Motors Co. will start selling a battery-powered Chevrolet Blazer next year, giving it a direct competitor to Tesla Inc.’s Model Y, the nation’s best-selling electric SUV.
GM’s Mary Barra Stands By Ambitious EV Pledge
NEW YORK — The economy is a bit wobbly, but General Motors CEO Mary Barra isn’t backing off of an audacious prediction: By the middle of this decade, her company will sell more electric vehicles in the U.S. than Tesla, the global sales leader.
GM, Honda Unveil Plan to Build Millions of Small EVs
General Motors Co. and Honda Motor Co. will jointly develop affordable electric vehicles for the most popular segments in large global markets, starting with North America in 2027.
GM Buys SoftBank’s $2.1 Billion Stake in Cruise
General Motors Co. bought out the SoftBank Vision Fund 1’s stake in self-driving startup Cruise for $2.1 billion, ending the Japanese investment firm’s stake in the business and giving the Detroit automaker 80% ownership.
GM Loses Bid to Skip Recall for Lights That Are Too Bright
DETROIT — General Motors has lost a bid to avoid recalling about 727,000 small SUVs in the U.S. with headlight beams that can be too bright and cause glare for oncoming drivers.
March 4, 2022