David Welch

Business, Technology, Autonomous

GM’s Cruise, Walmart Team Up for Driverless Delivery

A Cruise autonomous vehicle is seen with a Walmart-branded bag outside it. Cruise is just the latest partner for Walmart, which has been doing similar self-driving car tests with Waymo and Nuro, as well as pilot programs for drone delivery. (Walmart)

Walmart Inc. is about to team up with Cruise, the self-driving car unit majority-owned by General Motors Co., to experiment with delivering customer orders using driverless vehicles.

David Welch | Bloomberg News
November 10, 2020
Business, Technology, Fuel, Autonomous

General Motors Plans 3,000 Hires for EV Development

A charging plug is connected to a GM Chevrolet Volt electric vehicle. Dania Maxwell/Bloomberg News

General Motors Co. is going on a hiring binge to accelerate its development of electric vehicles.

David Welch | Bloomberg News
November 9, 2020
Business, Technology, Fuel

GM to Plan Third EV Plant in Big Plug-In Bet

An employee works on a Chevrolet Sonic vehicle at the GM plant in Orion Township, Mich., in June 2017. An employee works on a Chevrolet Sonic vehicle at the GM plant in Orion Township, Mich., in June 2017. (Jeff Kowalsky/Bloomberg News)

General Motors Co. is investing more than $2 billion in six U.S. plants, including a makeover of a former Saturn plant in Tennessee into its third factory to produce electric models.

David Welch | Bloomberg News
October 20, 2020
Business, Technology, Fuel

GM Considers Boosting Stake in Nikola in Reworked Deal

Signage is displayed outside Nikola's headquarters in Phoenix on Sept. 15. Signage is displayed outside Nikola's headquarters in Phoenix on Sept. 15. (Ash Ponders/Bloomberg News)

General Motors Co. is considering revisions to its deal with embattled Nikola Corp., according to people familiar with the discussions, and may seek a higher stake in the startup now that its valuation has fallen after allegations of deception.

David Welch | Bloomberg News
October 2, 2020
Government, Business, Technology, Logistics

GM CEO Mary Barra to Meet With Ivanka Trump at Job Training Site

GM CEO Mary Barra will host Ivanka Trump at the company's training center north of Michigan on Sept. 2. GM CEO Mary Barra will host Ivanka Trump at the company's training center north of Michigan on Sept. 2. (Jeff Kowalsky/Bloomberg News)

General Motors Co. CEO Mary Barra will meet Sept. 2 with President Donald Trump’s daughter and adviser, Ivanka Trump, who is scheduled to tour the automaker’s training center north of Detroit.

David Welch | Bloomberg News
September 2, 2020
Business

GM’s CFO Resigns to Join Fintech Startup Stripe

The GM Technical Center in Ontario. (Cole Burston/Bloomberg News)

General Motors Co.’s chief financial officer is stepping down after two years to take a job at a financial technology company in an unexpected move prompting the automaker to appoint an acting successor.

David Welch | Bloomberg News
August 11, 2020
Business

Hertz Seeks Bankruptcy Loan as Car Rental Volume Slowly Recovers

Hertz signage is displayed outside a location in Los Angeles. Hertz is seeking debtor-in-possession financing more than two months after filing for bankruptcy. (Martina Albertazzi/Bloomberg News)

Hertz Global Holdings Inc. is seeking debtor-in-possession financing more than two months after filing for Chapter 11 protection, reflecting the reality that it still faces trouble ahead if travel doesn’t bounce back.

David Welch | Bloomberg News
August 11, 2020
Business, Technology, Fuel

GM to Build Nationwide EV Charging Network

Electric vehicles at charging station Electric vehicles at a charging station in Seattle. (Seattle Department of Transportation)

General Motors Co. is working with electric-vehicle charging operator EVgo Services to build a nationwide fast-charging infrastructure.

David Welch | Bloomberg News
July 31, 2020
Government, Business

Hertz Halts Plan to Sell ‘Worthless’ Stock on SEC Scrutiny

An employee wears a protective mask while assisting a customer at a Hertz counter in San Francisco on May 5. An employee wears a protective mask while assisting a customer at a Hertz counter in San Francisco on May 5. (David Paul Morris/Bloomberg News)

Hertz suspended plans to raise cash by selling new shares that the bankrupt car renter described as potentially “worthless” after its proposal failed to pass muster with regulators.

David Welch | Bloomberg News
June 17, 2020
Government, Business

GM Secures $490 Million US Contract to Make Ventilators

The GM Flint Assembly plant stands idle in Flint, Mich., on March 23. The GM Flint Assembly plant stands idle in Flint, Mich., on March 23. (Anthony Lanzilote/Bloomberg News)

The U.S awarded General Motors Co. and its partner Ventec Life Systems a $489.4 million contract to make 30,000 ventilators by the end of August, finalizing a deal that briefly was a point of contention for President Donald Trump.

David Welch | Bloomberg News
April 8, 2020

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