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.
April 25, 2024Latest News Updates From David Welch
Fisker Mulls Bankruptcy After Talks With Automaker Collapse
Struggling electric vehicle startup Fisker Inc. said it needs to renegotiate terms for recent financing or face the possibility of filing for bankruptcy protection.
March 25, 2024Struggling Battery Factory Is Behind GM’s EV Problems
General Motors Co. is racing to fix problems in its electric vehicle business to make good on promises CEO Mary Barra made five years ago. It still has a long way to go.
March 19, 2024GM Resumes Blazer EV Sales
General Motors said it will resume sales of its Chevrolet Blazer EV almost three months after grounding the vehicle due to software issues that could cause charging problems.
March 8, 2024Hertz Plans Cost Cuts After Earnings Miss on EV Adjustment
Hertz Global Holdings Inc. is looking to cut costs after it missed analysts’ fourth-quarter estimates as it sold down its fleet of Tesla Inc. electric vehicles.
February 6, 2024Cruise Lays Off 900, Multiple Executives as Fallout Worsens
Cruise LLC, the autonomous vehicle unit owned by General Motors Co., is cutting 24% of its workforce, extending a sweeping overhaul of the business after dismissing nine top executives.
December 14, 2023GM’s All-Electric Pledge Hinges on Demand, CEO Barra Says
General Motors Co.’s pledge to have an all-electric fleet by 2035 hinges on consumer acceptance, Chief Executive Officer Mary Barra said.
December 5, 2023Cruise Could Face Fines for Allegedly Misleading Regulators
Cruise, the self-driving vehicle unit of General Motors, could face a fine for allegedly misleading regulators about an incident in which one of its cars dragged a pedestrian.
December 4, 2023GM Reaches Tentative Deal With UAW to End Strike
General Motors Co. reached a tentative agreement with the United Auto Workers, according to people familiar with the matter, bringing an end to a 6-week-old strike.
October 30, 2023GM Delays Electric Pickup Truck Expansion Amid Slower Growth
General Motors Co. will delay the opening of its second electric truck plant in Michigan to preserve capital amid a slowdown in sales growth for electric vehicles.
October 17, 2023Trending
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