The Latest Breaking News from Mary Barra

U.S. auto sales likely rose in December and will rebound in the new year as a recovery in vehicle production will more than offset the effects of inflation and rising interest rates.

General Motors Company (GM) posted a strong bottom line despite rising raw material prices and supply chain issues. The company intends to capitalize on the growing EV demand by rapidly growing its EV portfolio. Given its plans to expand its EV offerings, the stock could be worth adding to your…

DETROIT — Consumers who can find an electric vehicle or plug-in hybrid that qualifies for the $7,500 tax credit now may want to snap it up before the end of the year, experts say, while others wanting to purchase EVs that aren't eligible might be better off waiting until 2023.

"Out of the gate, we're going to be eligible for the $3,750," Mary Barra said, adding that it will take 2-3 years for GM EVs to qualify for the full $7,500.

During GM's Q3 2022 earnings call, CEO Mary Barra said the 400,000 EV production goal has been pushed back to H1 2024, which is a delay of up to six months.

Automaker General Motors Company (NYSE: GM) reported third-quarter financial results before the market open Tuesday.

CEO Mary Barra said GM is holding to its full-year profit guidance "despite a challenging environment because demand continues to be strong and we are actively managing the headwinds we face."

The billionaire is a regular critic of the Democratic president but he just congratulated him on a decision.

The battle between electric vehicle leader Tesla Inc (NASDAQ: TSLA) and other traditional gas-powered traditional automakers is expected to heat up in coming years. Now, a former Tesla executive has jumped on board with a future rival.