Business, Equipment, Safety, Fuel

GM to Resume Bolt Production as Fix Found for Battery Fires

General Motors Co. will resume production of the Chevrolet Bolt and larger Bolt EUV electric vehicles in April after the automaker and its battery partner, an LG Group company, found a solution to its manufacturing gaffes.

David Welch | Bloomberg News
February 15, 2022
Business

GM Grabs $2 Billion Windfall as Used-Car Prices Hit Record

There’s a big upside to record used-car prices: auto lenders such as GM Financial are cashing in.

David Welch | Bloomberg News
February 2, 2022
Business, Technology, Safety, Autonomous

GM’s Cruise Begins Offering Driverless Rides

Cruise LLC, the self-driving car startup that is majority owned by General Motors Co., is offering free rides to nonemployees in San Francisco for the first time, a move that triggers another $1.35 billion from investor SoftBank Vision Fund.

David Welch | Bloomberg News
February 1, 2022
Business, Technology, Fuel

GM’s $6.5 Billion Electric Truck Blitz Wins Michigan Incentives

General Motors Co. plans to spend $6.5 billion on an electric pickup plant and battery factory in Michigan thanks in part to a $1.8 billion incentive package put together by the state to make sure the automaker didn’t take a big piece of its EV business elsewhere.

David Welch | Bloomberg News
January 25, 2022
Business, Technology, Equipment, Fuel

Makers of Electric Pickups Target Work Truck Crowd

Automakers are targeting the job site with electric pickup trucks.

David Welch | Bloomberg News
January 14, 2022
Business, Technology

GM Enters Electric Pickup Battle With 400-Mile Silverado EV

General Motors Co. CEO Mary Barra showed off the company’s electric Chevrolet Silverado at the CES exhibition, announcing that the pickup will go on sale in spring 2023 to compete with battery-powered trucks from longstanding rival Ford Motor Co. and newcomer Rivian Automotive Inc.

David Welch | Bloomberg News
January 5, 2022
Business, Technology, Equipment, Autonomous

Cruise CEO Dan Ammann Abruptly Leaves

Dan Ammann has abruptly left the CEO role at Cruise, the autonomous driving unit that is majority owned by General Motors.

David Welch | Bloomberg News
December 17, 2021
Business, Technology, Fuel

GM Plots Mass-Market EV Push

General Motors Co. has talked up its electric vehicle plans for years, and even generated buzz by resurrecting Hummer’s gas-guzzling name in the form of an electric pickup truck. Now comes the tough part: selling mass-market EVs.

David Welch | Bloomberg News
December 16, 2021
Business, Technology, Equipment, Safety, Fuel

Electric Vehicles Rank Low in Consumer Reports Reliability Study

Electric vehicles fare poorly in the latest reliability study from Consumer Reports, with Tesla Inc. and its battery-powered lineup finishing second-to-last for the second straight year. Only Ford Motor Co.’s Lincoln division was worse, the publisher said Nov. 18.

David Welch | Bloomberg News
November 18, 2021
Business, Fuel

GM Beats Estimates, Sees 2021 Profit at ‘High End’ of Guidance

General Motors Co. beat analysts’ consensus estimate for the latest quarter thanks to strong performance from its financial unit and a one-time gain, and said full-year results would come in at the “high end” of its previous guidance.

David Welch | Bloomberg News
October 27, 2021