GM’s earnings dragged down by Chevy Bolt recall
The twice-issued recall for 2017 to 2019 Chevrolet Bolt electric vehicles cost General Motors $800 million, the company said in its second quarter earnings statement Wednesday. Costs associated with fixing defective Bolt batteries make up the lion’.....»»
Netflix Shares Surge 10% After Q3 Earnings Beat Expectations, Subscriber Growth Continues
Netflix Shares Surge 10% After Q3 Earnings Beat Expectations, Subscriber Growth Continues.....»»
iPhone 16 sales in China are surprisingly great, despite Apple Intelligence uncertainty
Ahead of Apple’s quarterly earnings later this month, we’re getting a better picture of how the iPhone 16 line is selling—and it looks very good. The latest evidence is a report on sales in China, where Apple is seeing big launch numbers despit.....»»
Tesla FSD crashes in fog, sun glare—Feds open new safety investigation
Four crashes and one death could lead to a costly recall or FSD being banned. Today, federal safety investigators opened a new investigation aimed at Tesla's electric vehicles. Th.....»»
How GM is using AI to catch quality problems
An automated tool runs software simulations around the clock to spot glitches before the code is integrated into a vehicle......»»
Ally Q3 earnings: net income up 20% despite weak auto finance quarter
Ally Financial's net income rose by more than 20 percent during the third quarter, supported in part by the tax credits it captured from a new emphasis on writing car leases. But Ally's Q3 2024 earnings were hindered by a more than 50 percent decline.....»»
Daily 5 report for Oct. 17: GM clarifies "virtual by 2025" goal
A statement from General Motors said the automaker doesn't have plans to shift its entire development system to virtual at this point......»»
GM Just Tested the Fastest Car Ever Built by a U.S. Automaker
GM Just Tested the Fastest Car Ever Built by a U.S. Automaker.....»»
Fresh GM models, Tesla Cybertruck help boost U.S. EV registrations 18%, latest data shows
Tesla remained the top EV maker, but its market share fell to 46 percent in August from 51 percent a year earlier as legacy brands such as Chevrolet, Honda and Kia chipped away at its commanding lead......»»
GM wheel supplier files for Chapter 11 bankruptcy amid pricing dispute
Accuride and its subsidiaries petitioned for voluntary Chapter 11 bankruptcy protection in Delaware and in Canada, aiming to shed debt and money-losing business......»»
GM"s Mark Reuss drives Chevy Corvette ZR1 to top speed: 233 mph
Chevrolet said the upcoming Corvette ZR1 is both the fastest car and has the most powerful V-8 engine ever built by an automaker in the U.S......»»
Nvidia stock tumbles from record high on news of possible US chip export cap, ASML"s dismal earnings
Nvidia stock tumbles from record high on news of possible US chip export cap, ASML"s dismal earnings.....»»
There’s another massive meat recall over Listeria—and it’s a doozy
No cases reported so far, but officials are scrambling to track tainted products. Another nationwide meat recall is underway over Listeria contamination—and its far more formida.....»»
Nvidia is set to dominate another Big Tech earnings season
Nvidia is set to dominate another Big Tech earnings season.....»»
The meat recall has gone stratospheric with nearly 12 million pounds of meat and poultry possibly contaminated with listeria
The meat recall has gone stratospheric with nearly 12 million pounds of meat and poultry possibly contaminated with listeria.....»»
iPhone had best ever Q3 for Apple, nearly topped Samsung globally per report
Apple will report its official quarterly earnings on October 31, but a new report indicates the company will have a lot to celebrate with its iPhone Q3 sales. Per research firm Canalys, iPhone shipments just had their best Q3 ever, and very nearly be.....»»
GM invests $10 million in materials science company Forge Nano for EV batteries
The automaker has invested in and partnered with companies along the EV battery supply chain, from raw materials to recycling, as it works to secure a supply chain for its electric vehicles......»»
Chevy works to keep full-size SUV sales leadership with freshened Tahoe, Suburban
A diesel option and GM's Super Cruise hands-free driver-assist technology will become available in the first quarter of 2025......»»
GM taking vehicle development fully virtual in 2025 to save money, time
General Motors is aiming to move to a fully virtual design, development and validation system for its vehicles by next year......»»
Chip supplier for GM, Mercedes qualifies for $750 million U.S. grant
The preliminary funding agreement requires Wolfspeed "to take additional steps to strengthen its balance sheet to better protect taxpayer funds," it said......»»
GM launches PowerBank, a battery that could rival Tesla’s PowerWall
General Motor’s unit GM Energy has just released PowerBank, a stationary energy storage battery pack, which gives electric vehicles (EV) owners the ability to store and transfer energy from the electric grid, and the option of integrating with sola.....»»