GM to Cut More Than 1,000 Software Engineers, Mostly in US
General Motors Co. is cutting more than 1,000 software engineers as the automaker moves to lean up its software and services organization, said a person familiar with the matter.
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.
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.
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.
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.
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.
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.
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.
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.
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.