GM News Updates

The Japanese carmaker informed American dealers on July 16 that production will cease later this year of the Honda Prologue, a Mexican-made model that was co-developed with GM

Toyota is expected to grow its market share to 15.8% in the first half of this year, while GM’s share is expected to tumble by almost 1 percentage point to 16.8%.

Passenger vehicle safety ratings have existed for decades, but until now no comparable commercial vehicle evaluations had been carried out and made public.

GM is pushing into stationary electricity storage through a partnership with startup Peak Energy Technologies, tapping into a growing market fueled by AI demand.

Union workers at axle supplier Dauch walked off the job in a labor dispute. GM has enough of the parts on hand to last about two weeks, a spokesman said. 

The scramble for $166 billion in refunds comes with political and legal risks. Trump says it’s foreign firms that pay his import taxes and he’s painting refund backers as unpatriotic.

The cuts come as the automaker works to grow profits even as U.S. sales stagnated to start the year.

Sales of GM’s Chevrolet Silverado and GMC Sierra pickups, its largest profit generators, remained strong despite gas prices surging above $4 a gallon.

The sale came about because General Motors is axing its Chevrolet Silverado medium-duty line, which is assembled at the Springfield, Ohio, facility.

The company will run additional hours at its Flint, Mich., factory starting in June, but doesn’t plan to add more workers.