Business, Technology, Safety, Autonomous

GM’s Cruise to Slash 1,000 Jobs as Robotaxi Service Shutters

General Motors is cutting almost half of the workforce in its Cruise driverless car unit, according to an internal memo and people familiar with the matter, part of a previously announced plan.

David Welch | Bloomberg News
February 4, 2025
Government, Business, Technology, Safety

NHTSA Probes Engine Failure Risk in 870,000 GM Trucks

U.S. auto safety regulators are probing General Motors Co. over concerns that more than 870,000 of its full-size pickup trucks and SUVs face the risk of engine failure.

David Welch | Bloomberg News
January 17, 2025
Business, Technology, Safety, Autonomous

GM to Wind Down Robotaxi Operations Championed by CEO Barra

General Motors Co.’s Cruise self-driving car unit will exit the robotaxi business, a retreat from a market that proved costly and full of reputational pitfalls for the automaker.

David Welch | Bloomberg News
December 10, 2024
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