Business, Technology

Hertz Plans Cost Cuts After Earnings Miss on EV Adjustment

Hertz Global Holdings Inc. is looking to cut costs after it missed analysts’ fourth-quarter estimates as it sold down its fleet of Tesla Inc. electric vehicles.

David Welch | Bloomberg News
February 6, 2024
Government, Business, Technology, Autonomous

Cruise Lays Off 900, Multiple Executives as Fallout Worsens

Cruise LLC, the autonomous vehicle unit owned by General Motors Co., is cutting 24% of its workforce, extending a sweeping overhaul of the business after dismissing nine top executives.

David Welch | Bloomberg News
December 14, 2023
Business, Technology

GM’s All-Electric Pledge Hinges on Demand, CEO Barra Says

General Motors Co.’s pledge to have an all-electric fleet by 2035 hinges on consumer acceptance, Chief Executive Officer Mary Barra said.

David Welch | Bloomberg News
December 5, 2023
Government, Business, Technology, Safety, Autonomous

Cruise Could Face Fines for Allegedly Misleading Regulators

Cruise, the self-driving vehicle unit of General Motors, could face a fine for allegedly misleading regulators about an incident in which one of its cars dragged a pedestrian.

David Welch | Bloomberg News
December 4, 2023
Government, Business, Equipment

GM Reaches Tentative Deal With UAW to End Strike

General Motors Co. reached a tentative agreement with the United Auto Workers, according to people familiar with the matter, bringing an end to a 6-week-old strike.

David Welch | Bloomberg News
October 30, 2023
Business, Equipment, Fuel

GM Delays Electric Pickup Truck Expansion Amid Slower Growth

General Motors Co. will delay the opening of its second electric truck plant in Michigan to preserve capital amid a slowdown in sales growth for electric vehicles.

David Welch | Bloomberg News
October 17, 2023
Business, Technology, Autonomous

Waymo Via to Focus on Ride-Hailing Over Autonomous Trucking

Waymo, the self-driving unit owned by Alphabet Inc., is slowing the development of autonomous trucking that’s being done by its Via subsidiary.

David Welch | Bloomberg News
July 26, 2023
Government, Business, Technology, Equipment, Safety

Union Workers Question Safety at GM’s Ultium Battery Plant

While the United Auto Workers union hammers out a new deal with GM and battery manufacturer Ultium Cells, workers are pointing to safety hazards as a key issue in the negotiations.

David Welch | Bloomberg News
July 7, 2023
Business, Technology, Fuel

Tesla Projected to Remain No. 1 EV Seller Through 2026

Tesla Inc. is poised to remain the top seller of electric vehicles in the U.S. through at least 2026, according to a new report.

David Welch | Bloomberg News
June 21, 2023
Business, Technology, Fuel

More Charging Companies Plan to Be Compatible With Tesla

Tesla Inc.’s charging technology won more backers as a handful of players in the electric vehicle power industry said they would offer compatible equipment.  

David Welch | Bloomberg News
June 12, 2023