Lordstown Motors CEO settles with SEC over statements
Ex-Lordstown Motors Corp. Stephen Burns settled with the U.S. Securities and Exchange Commission on Friday over his statements about demand for the electric vehicle maker's flagship truck, the Endurance......»»
$59B UAW retiree benefits trust hires ex-GM exec as CEO
The UAW Retiree Medical Benefits Trust has appointed a former General Motors Co. executive as its CEO. Jessica Gubing will take on the role June 4, heading up a trust launched in 2010 to protect retiree health benefits, which has grown to $58.6 billi.....»»
Could your car power your home? GM makes it a reality in EV truck demo.
GM's Ultium-based EVs can power your house during an outage. Enlarge / GM used a Silverado EV to power a 10,000-square-foot house as a demo of its Home Energy system. (credit: General Motors) LOS ANGELES—Let's face it:.....»»
Miami dealership outfits police department with Rolls-Royce
Miami Beach police plan are using a 2012 Rolls-Royce Ghost on loan from Braman Motors as a recruitment tool......»»
Transforming common soft magnets into next-generation thermoelectric conversion materials with 3-minute heat treatment
A research team from NIMS and Nagoya University has demonstrated that an iron-based amorphous alloy, widely used as a soft magnetic material in transformers and motors, can be transformed into a "transverse" thermoelectric conversion material that co.....»»
Hyundai, Kia unit settles U.S. charges it repossessed service members" vehicles
Hyundai's and Kia's American financing arm will pay $334,941 to settle charges it illegally repossessed vehicles belonging to military service members, the U.S. Department of Justice said on Wednesday......»»
GM tries to lure Tesla’s jilted interns during mass downsizing
General Motors Co. hopes to take advantage of Tesla Inc.’s downsizing, with a company recruiter reaching out to former interns who were sent packing by the electric-vehicle maker......»»
Appeals court upholds GM termination of N.J. dealership
A federal appeals court has upheld the right of General Motors to terminate a Cherry Hill, N.J., Chevrolet dealership based on hundreds of allegedly bogus and questionable warranty repair claims, including work purportedly done on "ghost vehicles.".....»»
2024 Acura ZDX born from ‘good collaboration" with General Motors, chief engineer says
Acura worked closely with General Motors to ensure that the co-developed ZDX midsize crossover hit the import brand's performance goals......»»
Microsoft, Google widen passkey support for its users
Since 2013, the first Thursday in May is marked as World Password Day, a day dedicated to raising awareness about the need for using strong, unique passwords to secure out digital lives. Despite decades of often-repeated statements proclaiming the de.....»»
GM will take top 2 floors at Hudson"s Detroit for new HQ — for now
More details are coming to light about General Motors Co.’s footprint in the Hudson’s Detroit property as it moves its headquarters out of the Renaissance Center. .....»»
Lithia trims U.K. car dealership network after Pendragon deal
Lithia Motors is paring its U.K. auto retail footprint with cuts to the Pendragon network after entering and expanding throughout the country in the past 13 months. It's dropping 16 used-car CarStore locations and rebranding 11 others......»»
Goldman in talks with Barclays on GM Credit Card deal, WSJ Says
Goldman Sachs Group Inc. is in discussions to transfer its General Motors Co. credit-card business to Barclays Plc. The British lender is the lead candidate to take over the credit card portfolio with about $2 billion in outstanding balances,.....»»
An inside look at General Motors’ massive gamble in ditching CarPlay
A little over a year ago, General Motors made what may well turn out to be one of its biggest gambles in many years: dropping support for CarPlay for all future EVs. To most of us, the decision seemed insane, likely to result in a huge number of l.....»»
Polestar delays SEC filing, says it needs to review "certain errors" in previous financial statements
Polestar said it believes the historical errors are expected to "positively impact net loss by less than five percent for 2021, and negatively impact net loss by less than five percent.".....»»
Lithia: Driveway Finance has $2M loss in Q1, still on track for profitability in 2024
Lithia Q1 2024 earnings: Car dealer Lithia Motors Inc.'s developing captive finance company Driveway Finance Corp. lost $2 million during the first quarter, compared with a $21 million loss a year earlier......»»
Study reveals voter moral justifications for politicians" misstatements
In a new study, researchers have used online surveys conducted primarily when Donald Trump was president to show that both Republican and Democratic voters provided explicit moral justification for politicians' statements that were factually inaccura.....»»
More efficient molecular motor widens potential applications
Light-driven molecular motors were first developed nearly 25 years ago at the University of Groningen, the Netherlands. This resulted in a shared Nobel Prize for Chemistry for Professor Ben Feringa in 2016. However, making these motors do actual work.....»»
New GM North America chief Marissa West has deep ties to automaker
While growing up, General Motors' first female North American president would collect brochures at the Detroit auto show and pretend to run her own dealership......»»
GM"s Marissa West looks to connect with retailers as she oversees North American operations
While growing up, General Motors' first female North American president would collect brochures at the Detroit auto show and pretend to run her own dealership......»»
Lithia Q1 net income down 28% as "normalization" returns to profit per vehicle
Lithia Motors said it sold 188,119 new and used vehicles, with gross profit per vehicle dropping 22% to $4,346 in the first quarter......»»