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The Latest Breaking News from GM

General Motors to stop funding its Cruise robotaxi business

The automaker said it would combine Cruise’s and GM’s technical teams.

GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit

GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit

General Motors says it will retreat from the robotaxi business and stop funding its money-losing Cruise autonomous vehicle unit

The Independent UK

Ferrari to power Cadillac F1 team in "multi-year" agreement

Ferrari to power Cadillac F1 team in "multi-year" agreement

Ferrari has announced a "multi-year agreement" with Andretti Formula Racing to supply the Cadillac Formula 1 entry with power units upon its entry to the championship in 2026.

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Cadillac reach ‘multi-year’ agreement with F1 team in major boost to 2026 entry

The General Motors owned outfit are set to join Formula One as an 11th team in 2026

The Independent UK

Is General Motors Stock Underperforming the Nasdaq?

Although General Motors has lagged behind the broader Nasdaq index over the past three months, analysts maintain a cautiously optimistic outlook on the stock's growth potential.

GM accused of ‘extortion’ over threat to tear down Detroit’s tallest skyscraper

Company threatens to tear down RenCen if taxpayers don’t contribute $250m in subsidies for renovation

The Guardian - US

Expert Outlook: General Motors Through The Eyes Of 14 Analysts

During the last three months, 14 analysts shared their evaluations of General Motors (NYSE:GM), revealing diverse outlooks from bullish to bearish.

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BYD could near Honda and Ford in cars sold this year as EV giant looks set to surpass its 4 million sales target

BYD could near Honda and Ford in cars sold this year as EV giant looks set to surpass its 4 million sales target

BYD sold around 3.8 million cars in the first 11 months of 2024, a 40% year-on-year jump.

2024 Honda Prologue: What Do You Want To Know?

2024 Honda Prologue: What Do You Want To Know?

This year has been full of surprises on the electric vehicle beat. But one of the biggest and most pleasant ones to see has been the unexpected success of the 2024 Honda Prologue. I'll be brutally candid and say that I didn't expect Honda's white-labeling of the General Motors Ultium…

GM announces Lowdon as Cadillac F1 team principal

GM announces Lowdon as Cadillac F1 team principal

The Cadillac Formula 1 programme has named Graeme Lowdon as team principal of the new team ahead of its entry in 2026.

The EV Industry Is Gearing Up To Fight Donald Trump

The EV Industry Is Gearing Up To Fight Donald Trump

The auto industry is at a weird place right now: after years of pushing back against tougher regulations driving electric vehicles, the car business in America has finally leaned in, only for the incoming presidential administration to potentially pull EV tax credits away. But the industry needs that money flowing to…

GM And EVgo Built 2,000 Public EV Fast Chargers

GM And EVgo Built 2,000 Public EV Fast Chargers

General Motors and charging network operator EVgo have installed their 2,000th co-branded electric vehicle fast charging stall in the United States.

Nissan EV Drivers Are About To Get Supercharger Access, With A Big Exception

Nissan EV Drivers Are About To Get Supercharger Access, With A Big Exception

Nissan Ariya drivers will get access to over 17,000 Tesla Superchargers next week, the automaker announced Tuesday. Unfortunately, the Nissan Leaf and its outdated CHAdeMO plug will be left behind as the automaker transitions to supporting the North American Charging System (NACS) popularized by Tesla.

We’re Driving the Cheapest Chevy Equinox EV: What Do You Want to Know?

We’re Driving the Cheapest Chevy Equinox EV: What Do You Want to Know?

Chevrolet hopes the new Equinox EV gets American buyers off the fence. It addresses their two biggest concerns over EVs, cost and range, with a base price of $34,995 before tax credits and a 319-mile reach. Those figures alone make this an extremely compelling car.

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The Honda Prologue Is Becoming America’s Sweetheart EV

The Honda Prologue is proving to be this year’s underdog. A badge-engineered Chevrolet Blazer EV with the added benefit of Apple CarPlay, the Prologue is Honda’s only electric offering in the United States. Its future was uncertain, especially considering the not-so-rosy state of General Motors’ Ultium efforts at the beginning…

General Motors' China JV Woes Trigger Billions Of Charge: Details

GM shares down after recognizing $2.7 billion equity loss in China joint ventures. The company expects to record an other than temporary impairment of equity interest in the China JV's in the range of $2.6 billion – $2.9 billion in three months ending December 31, 2024.

Why General Motors Just Took A $5 Billion Hit In China

For much of this year, we've been covering the rise of the Chinese auto industry as primarily a problem for the European auto industry. Every car company has lost sales in their biggest market as the local competition got better and better, but Volkswagen and others have to do battle…

The Guardian - US

GM to write down value of China business by more than $5bn

Automaker is restructuring in China after losing about $350m in the region in the first three quarters of this year

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General Motors Faces Billion Charge Due To China Ventures

General Motors faces losses in Q4 due to underperforming Chinese joint ventures, impacting net income but not adjusted pretax earnings. GM navigates challe...

The Independent UK

China losses force General Motors to take over $5B in charges to restructure and cut asset values

The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a restructuring charge totaling more than $5 billion in the fourth quarter of this year

Not Again: GM Recalls Another 130,000 Trucks for Tailgates That Fall Open

In February 2024, General Motors issued one of its largest recalls of the year: 323,232 Chevrolet Silverado HD and GMC Sierra HD pickup trucks were at risk for tailgates opening unexpectedly. Now, you can add another 132,037 trucks to the mix.

Why Hyundai Is Sticking With CarPlay 'Right Now'

If you’ve been turned off by General Motors’ now-infamous decision to eliminate Apple CarPlay and Android Auto from its electric cars, here’s some good news for you: Hyundai’s got your back.

Elon Musk Will Not Get A $100 Billion Pay Package For Christmas

Remember Elon Musk's $56 billion payday? I know what you're thinking: not this news again. But, yes, this news again—Musk's multi-billion-dollar pay package is once again a topic of debate. More than five months after it fell off the news cycle, things aren't looking great for ol' Elon despite the…

Trump's Tariff Plan Risks Economic Pain For North America, Goldman Sachs Warns

Goldman Sachs warns that Trump's proposed 25% tariffs on Canada and Mexico could cause economic turmoil, with GDP shrinkage and inflation.

GM Recalls Over 132,000 Heavy-Duty Pickups For Tailgate Issue

General Motors recalls 132,000 heavy-duty pickups due to tailgate issue, posing safety risk.

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