Business, Technology, Safety, Autonomous

GM’s Cruise Targets Resumption of Driverless Rides This Year

Cruise is targeting a return to running fully autonomous rides later this year and possibly charging fares by early 2025, said people familiar with the matter.

David Welch | Bloomberg News
July 25, 2024
Business, Technology, Equipment

GM Delays Electric Pickup Plant Second Time

General Motors will again push back the planned opening of an electric pickup truck plant in suburban Detroit and has delayed a Buick plug-in amid uncertain growth in battery-powered car sales.

David Welch | Bloomberg News
July 23, 2024
Business, Equipment

Ford Commits $3 Billion to Boost Truck Output After EV Delay

Ford will invest $3 billion to build its profitable Super Duty F-Series pickup truck at a plant in Ontario, shifting focus at the site after previously delaying plans for an electric SUV.

David Welch | Bloomberg News
July 18, 2024
Business, Technology, Equipment

GM CEO Barra Backs Away From 1 Million EV Production Goal

General Motors Co. CEO Mary Barra walked back expectations for her company’s electric vehicle program, the latest such move by a legacy automaker as momentum slows for plug-in models.

David Welch | Bloomberg News
July 16, 2024
Business, Technology, Equipment

Hertz Reports $392 Million Loss

Hertz reported a loss that was nearly three times worse than analysts expected as it accelerated sales of electric vehicles to reduce its fleet of Tesla models that have weighed on profits.

David Welch | Bloomberg News
April 25, 2024
Business, Fuel

Fisker Mulls Bankruptcy After Talks With Automaker Collapse

Struggling electric vehicle startup Fisker Inc. said it needs to renegotiate terms for recent financing or face the possibility of filing for bankruptcy protection.

David Welch | Bloomberg News
March 25, 2024
Business, Technology, Equipment

Struggling Battery Factory Is Behind GM’s EV Problems

General Motors Co. is racing to fix problems in its electric vehicle business to make good on promises CEO Mary Barra made five years ago. It still has a long way to go.

David Welch | Bloomberg News
March 19, 2024
Business, Technology

GM Resumes Blazer EV Sales

General Motors said it will resume sales of its Chevrolet Blazer EV almost three months after grounding the vehicle due to software issues that could cause charging problems.

David Welch | Bloomberg News
March 8, 2024
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