General Motors Co. said it reached an agreement with partner LG Electronics Inc. to recover from the South Korean company $1.9 billion of the $2 billion in costs for a recall of batteries in its Chevrolet Bolt electric vehicle.
October 12, 2021Latest News Updates From David Welch
GM-Backed Cruise Sees Autonomous Unit Growing Past $50 Billion
Cruise, the autonomous vehicle startup majority-owned by General Motors Co., will tell investors this week that it sees a path for its ride-hailing business to reach $50 billion in revenue as the company ramps up over the next couple of years, people familiar with the matter said. GM’s shares jumped.
October 4, 2021Lordstown to Sell Ohio Plant to Foxconn in $280 Million Deal
Lordstown Motors Corp. agreed to partner with Foxconn Technology Group in a $280 million deal that has the startup selling its former General Motors Co. factory in Ohio to the Taiwanese company in exchange for cash and an equity investment.
September 30, 2021GM, Wabtec Agree to Make Electric and Hydrogen-Powered Trains
General Motors Co. and Wabtec Corp. have signed a nonbinding agreement to build locomotive engines using the automaker’s Ultium electric battery and its Hydrotec hydrogen fuel-cell system, the companies said June 15.
June 15, 2021Lordstown Motors Reveals Cash Crisis
Lordstown Motors Inc., an electric-vehicle startup that recently went public, said it may not have the cash to get its debut pickup truck to market — and might not last as a company in the next 12 months if it can’t raise more capital.
June 8, 2021GM to Beat Profit Targets as Truck Plants Ramp Up
General Motors Co. will boost output at two truck plants, allowing the company to beat its first-half forecast of $5.5 billion in profit and to hit the high end of its full-year target of around $11 billion.
June 3, 2021GM to Build Electric Pickup at Detroit Plant
General Motors Co. is about to enter the electric-pickup battle, announcing April 6 that it will build a battery-powered Chevrolet Silverado model at its Detroit-Hamtramck plant.
April 6, 2021EV Maker Lordstown Dips on SEC Look at Short-Seller Claims
Electric-truck startup Lordstown Motors Corp. fell in extended trading after reporting it received an inquiry on its operations from the Securities and Exchange Commission.
March 18, 2021Electric Last Mile Gets 45,000 Van Orders Amid E-Commerce Boom
Electric Last Mile Inc., the plug-in delivery van startup that’s in the process of merging with blank check company Forum Merger III Corp., said it has 45,000 preorders and will start production at the former Hummer plant in Indiana in the third quarter.
March 16, 2021GM-Backed Cruise Buys Self-Driving Startup Voyage
Cruise, the self-driving technology company that’s majority-owned by General Motors Co., said it acquired autonomous-vehicle startup Voyage, which operates a service in retirement communities.
March 15, 2021Trending
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