GM Misses 2023 EV Goal by Half as Production Woes Persist
General Motors Co. missed its goal of producing 150,000 electric vehicles last year, with about half of them being new models built using its Ultium battery pack, by a significant margin.
Michigan’s Extended Order Keeps Auto Industry’s Restart in Limbo
Michigan Gov. Gretchen Whitmer extended her stay-home order another two weeks to May 15 and kept the state’s carmakers and suppliers in limbo over how soon they’ll be able to reopen.
GM, Ford Credit Arms May Lose Billions on Used-Car Price Plunge
General Motors Co.’s and Ford Motor Co.’s finance arms likely face multibillion-dollar losses linked to the dramatic drop in used vehicle prices, JPMorgan Chase & Co. analysts said.
Fear of an Impending Car-Price Collapse Grips Auto Industry
The auto industry — already fretting lengthy factory shutdowns and depressed new-vehicle demand — is starting to sound the alarm about a potential used-car price collapse that could have far-reaching consequences for manufacturers, lenders and rental companies.
GM Losing Patience With UAW Over Nearly Monthlong Strike
General Motors Co.’s chief labor negotiator suggested the United Auto Workers is dragging its feet in responding to the automaker’s latest contract offer in a show of frustration with a strike that’s lumbering toward the one-month mark.
Ford Partners With Postmates in Path to Driverless Delivery
Ford Motor Co. is expanding its driverless delivery experiment beyond pizza by partnering with Postmates to test what it will take to eventually remove the driver from on-demand distribution.