GM says UAW strike has cost $800M so far
GM withdrew its 2023 financial guidance and EV production targets through mid-2024 as it reported a 7.3 percent decline in third-quarter net income......»»
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......»»
The true cost of game piracy: 20 percent of revenue, according to a new study
Analysis of Denuvo DRM cracking shows significant impacts on publishers' bottom lines. Throughout the game industry's short history, there's been ample debate about how much pirac.....»»
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......»»
Survey reveals Australians" lukewarm response to urgent action on global heating
An annual climate action survey has highlighted concern for the Great Barrier Reef (GBR) and a desire for renewables over nuclear power, however, Australians impacted by the cost-of-living crisis seem less enthusiastic on taking climate change action.....»»
How the "social cost of carbon" measurement can hide economic inequalities and mask climate suffering
The social cost of carbon (SCC) is an essential tool for climate decision-making around the world. SCC is essentially a large cost-benefit calculation that helps policymakers compare the benefits of reducing carbon dioxide (CO2) emissions to the soci.....»»
Apple and Amazon strike deal to sell Apple TV+ through Prime Video
Starting later this month, Prime Video subscribers will be able to subscribe to Apple TV+ through Amazon. Specific details about the business arrangement between Apple and Amazon are not known. However, Apple presumably believes it can reach more sub.....»»
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......»»
US forecasts severe solar storm starting Thursday
A massive ball of plasma and accompanying magnetic field ejected from the sun is expected to strike Earth on Thursday morning, potentially triggering auroras as far south as Alabama, according to US forecasters......»»
NASA terminal transmits first laser communications uplink to space
NASA's LCOT (Low-Cost Optical Terminal), a ground station made of modified commercial hardware, has transmitted its first laser communications uplink to the TBIRD (TeraByte Infrared Delivery), a tissue box-sized payload formerly in low Earth orbit......»»
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......»»
Tesla to unveil robotaxi after years of Elon Musk"s unfulfilled promises
Tesla's "Cybercab" would serve a key role in a future, company-run ride-share service. The EV maker could also show a low-cost vehicle for the masses and a self-driving van, analysts said......»»
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.....»»
Tesla to unveil robotaxi after years of CEO Elon Musk"s unfulfilled promises
Tesla's "Cybercab" would serve a key role in a future, company-run ride-share service. The EV maker could also show a low-cost vehicle for the masses and a self-driving van, analysts said......»»
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......»»
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......»»