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’.....»»
GM touts broad profitability to build investor confidence amid EV shift
CFO Paul Jacobson said GM expects flat financial results in 2025 even if pricing declines and that the automaker's outlook should inspire confidence about its earnings potential......»»
Top 5 stories of the week: Stellantis executive shuffle; GM expects to pare EV losses
A quick look at the top automotive stories of the week as determined by reader interest......»»
Hidden in the teeth: DNA study finds these 19th century lions preyed on humans and giraffes
In 1898, two male lions terrorized an encampment of bridge builders on the Tsavo River in Kenya. The lions, which were massive and maneless, crept into the camp at night, raided the tents and dragged off their victims. The infamous Tsavo "man-eaters".....»»
Stellantis troubles pile up amid criticism from dealers, UAW, shareholders
Sales and earnings are down as the company wages a global cost-cutting crusade that has included layoffs, buyouts and engineering hires in low-cost countries......»»
Lexus overtakes recall-afflicted BMW in Q3 sales race
Luxury brand deliveries inched 2.4 percent higher in the third quarter to 502,211 vehicles......»»
GM says simplifying gasoline vehicles has made them more profitable
Earnings from the Chevrolet Trax subcompact crossover have increased roughly 20 percentage points over the previous model, General Motors President Mark Reuss said......»»
GM’s sales slide 21% in Q3; electrified vehicles top gasoline models for first time
In the third quarter, GM’s two joint ventures delivered more than 224,000 full electric and plug-in hybrid vehicles, an increase of 61 percent and 53 percent of the company's overall China sales. .....»»
Next-gen Chevrolet Bolt EV to be part of vehicle ‘family," GM says
GM President Mark Reuss said the Bolt will return for the 2026 model year with updated technology and faster charging than the original......»»
Recall platform BizzyCar raises $15 million led by Dealer Tire
BizzyCar, a technology platform that automates recalls, closed a $15 million growth funding round led by Dealer Tire......»»
“Sticky” steering sparks huge recall for Honda, 1.7M cars affected
The problem affects a number of different Hondas built since 2021. Honda is recalling almost 1.7 million vehicles due to a steering defect. An improperly made part can cause cert.....»»
GM ditches failed Ultium battery branding as its EV sales soar
GM says it's time to embrace new cell formats and chemistries. General Motors is shaking up its electric vehicle strategy once again. Despite bumper EV sales in 2024, the US autom.....»»
North America can seize EV leadership from China, GM battery chief says
The U.S. can seize global leadership on electric vehicle batteries as the customer base for EVs grows, said Kurt Kelty, General Motors' vice president of batteries......»»
General Motors is ditching Ultium branding for its EV batteries
GM says it's time to embrace new cell formats and chemistries. General Motors is shaking up its electric vehicle strategy once again. Despite bumper EV sales in 2024, the US autom.....»»
GM expects lower EV losses in 2025, will drop Ultium name
GM executives did not say if EVs will be profitable in 2025. They pointed to the improving trajectory as a sign of progress in GM's EV strategy......»»
GM plans $145M battery cell plant in suburban Detroit
Construction is expected to start next month at GM's Global Technical Center campus in Warren, Mich. Cell production is expected to start in 2027......»»
Lower-priced Chevy Silverado EV retail trim to qualify for $7,500 tax credit
The 2025 Silverado EV LT will have a range of up to 408 miles and a 12,500-pound tow rating, surpassing the Ford F-150 Lightning's top specs of 320 miles and 10,000 pounds......»»
GM drops Ultium name for EV platform
General Motors said at an Oct. 8 investor day that it expects to build roughly 200,000 EVs this year as it targets profitability......»»
GM resumes production after hurricane-related supplier issue
General Motors said it is resuming production at two assembly plants in Texas and Michigan after it temporarily halted production at the plants last week because of impacts to its suppliers due to Hurricane Helene......»»
Week in review: Critical Zimbra RCE vulnerability exploited, Patch Tuesday forecast
Here’s an overview of some of last week’s most interesting news, articles, interviews and videos: October 2024 Patch Tuesday forecast: Recall can be recalled October arrived, and Microsoft started the month by announcing the release of Windows 11.....»»
GM halts production at pickup, SUV plants after Hurricane Helene impacts suppliers
The automaker said it canceled all shifts Oct. 3 and Oct. 4 at Arlington Assembly in Texas and Flint Assembly in Michigan......»»