GM News Updates

GovernmentBusinessTechnologySafetyAutonomous

GM’s Cruise Prepares to Resume Robotaxi Testing After Halt

GM’s Cruise autonomous unit is nearing the resumption of testing in the coming weeks, with Houston and Dallas emerging as potential locations, according to people with knowledge of the matter.

February 23, 2024
BusinessTechnologySafetyAutonomous

GM Nearly Doubling Area Where Automated System Is Usable

DETROIT — General Motors is adding about 350,000 miles of roadways in the U.S. and Canada to the area where drivers can use the company’s “Super Cruise” partially automated driving system.

February 15, 2024
BusinessTechnologyAutonomous

GM’s Net Income Rose 12% in 2023 Despite Costly Strike

DETROIT — General Motors’ net income rose 12% last year despite losing more than $1 billion when many of its plants were shut down by a six-week autoworkers’ strike.

January 30, 2024
BusinessTechnologyFuel

GM, Honda Hydrogen Fuel Cell JV Begins Commercial Production

A joint venture between General Motors and Honda began commercial production Jan. 25 of hydrogen fuel cells in Brownstown, Mich., aimed at the commercial vehicle market.

January 29, 2024
GovernmentBusinessTechnologySafetyAutonomous

Justice Department Inquiring Into Cruise Collision Fiasco

SAN FRANCISCO — General Motors is facing a U.S. Justice Department investigation into a collision that critically injured a pedestrian and derailed its self-driving car ambitions.

January 26, 2024
BusinessTechnology

Battery Maker LG Energy Posts Earnings Miss Amid Weak Demand

Battery maker LG Energy Solution Ltd. badly missed fourth-quarter earnings estimates amid weaker demand for electric vehicles and a drop in lithium prices that hurt revenue.

January 9, 2024
BusinessTechnology

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.

January 4, 2024
GovernmentBusinessTechnologyAutonomous

Cruise 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, 2023
BusinessTechnology

GM’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, 2023
BusinessTechnologyAutonomous

GM Says Strike Cost $1.1 Billion, but Raises Dividend

General Motors says pretax earnings took a $1.1 billion hit due to production lost during the UAW's strike, but the company expects to absorb the new contract's costs and raised its dividend.

November 29, 2023