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.
GM to Install 40,000 Public EV Chargers
General Motors Co. will use its dealership network to deploy up to 40,000 electric vehicle chargers across the U.S. and Canada, as the veteran automaker ramps up its shift to plug-in models.
GM Plants That Closed Due to Chip Shortage to Reopen Nov. 1
DETROIT — For the first time in eight months, the global shortage of computer chips won’t force General Motors to keep any North American factories closed.
GM Gets LG to Cover $1.9 Billion in Bolt EV Recall Costs
General Motors Co. said it reached an agreement with partner LG Electronics Inc. to recover from the South Korean company $1.9 billion of the $2 billion in costs for a recall of batteries in its Chevrolet Bolt electric vehicle.
GM Vows to Surpass Tesla in Electric Vehicle Sales
WARREN, Mich. — General Motors plans to cash in as the world switches from combustion engines to battery power, promising to double its annual revenue by 2030 with an array of new electric vehicles, profitable gas-powered cars and trucks, and services such as an electronic driving system that can handle most tasks on the road.
GM’s Future EVs Get Range Boost With Wolfspeed Deal
General Motors’ future electric vehicles will offer more range on a single charge and charge faster because of a new supplier agreement it announced with Wolfspeed Inc.
GM Debuts Midsize Electric Delivery Van
General Motors Co.’s electric van unit plans to build a new midsized cargo hauler called the EV410, and has signed up Verizon Communications Inc. as the first buyer, the company said Sept. 28.
GM Plans ‘Substantial Shifts’ in Supply Chain as Chip Shortage Persists
General Motors Co. is planning to revamp its supply chain as the pandemic-triggered chip shortage and rising demand for chip-intensive vehicles have demonstrated the need for an overhaul.
GM Looking at LG to Pay for Battery Recall
The long-distance relationship between General Motors Co. and its battery partner, LG Energy Solution, is being tested like never before. At issue: who will pick up a roughly $1 billion tab for the recall of 73,000 Bolt EVs.
Workers at Mexico GM Plant Oust Union
MEXICO CITY — Workers at a General Motors plant in Mexico have voted to end a collective bargaining contract negotiated by an old-guard union accused of intimidation tactics in earlier votes. It was an early display of the effectiveness of labor mechanisms negotiated under the U.S.-Mexico-Canada Trade Agreement.
August 19, 2021