Business, Technology, Fuel

GM Eyes Affordable Electric Pickup With 350-Mile Range

The Detroit-based automaker is working to secure a North American supply of lithium iron phosphate batteries, according to its vice president of battery strategy.

David Welch | Bloomberg News
October 8, 2024
Business, Equipment

Morgan Stanley Warns US Cars Are Too Expensive

Shares in General Motors and Ford tumbled Sept. 25 after a Morgan Stanley analyst warned that cars are too expensive for U.S. consumers and a price war in China will hurt the bottom line there.

David Welch | Bloomberg News
September 25, 2024
Government, Business, Technology, Safety, Autonomous

Cruise Robotaxis Returning to California After Accident

The testing is small scale, with at most five vehicles being run with test drivers at the wheel to do development work.

David Welch | Bloomberg News
September 19, 2024
Business, Technology

GM Begins Sales of Adapters for Tesla’s Charging Network

General Motors' electric vehicle customers are getting access to Tesla Superchargers starting this month, following an agreement struck last year between CEOs Mary Barra and Elon Musk.

David Welch | Bloomberg News
September 18, 2024
Business, Technology, Equipment, Fuel, Autonomous

GM to Cut More Than 1,000 Software Engineers, Mostly in US

General Motors Co. is cutting more than 1,000 software engineers as the automaker moves to lean up its software and services organization, said a person familiar with the matter.

David Welch | Bloomberg News
August 19, 2024
Business, Technology, Safety, Autonomous

GM’s Cruise Targets Resumption of Driverless Rides This Year

Cruise is targeting a return to running fully autonomous rides later this year and possibly charging fares by early 2025, said people familiar with the matter.

David Welch | Bloomberg News
July 25, 2024
Business, Technology, Equipment

GM Delays Electric Pickup Plant Second Time

General Motors will again push back the planned opening of an electric pickup truck plant in suburban Detroit and has delayed a Buick plug-in amid uncertain growth in battery-powered car sales.

David Welch | Bloomberg News
July 23, 2024
Business, Equipment

Ford Commits $3 Billion to Boost Truck Output After EV Delay

Ford will invest $3 billion to build its profitable Super Duty F-Series pickup truck at a plant in Ontario, shifting focus at the site after previously delaying plans for an electric SUV.

David Welch | Bloomberg News
July 18, 2024
Business, Technology, Equipment

GM CEO Barra Backs Away From 1 Million EV Production Goal

General Motors Co. CEO Mary Barra walked back expectations for her company’s electric vehicle program, the latest such move by a legacy automaker as momentum slows for plug-in models.

David Welch | Bloomberg News
July 16, 2024
Business, Technology, Equipment

Hertz Reports $392 Million Loss

Hertz reported a loss that was nearly three times worse than analysts expected as it accelerated sales of electric vehicles to reduce its fleet of Tesla models that have weighed on profits.

David Welch | Bloomberg News
April 25, 2024