GM’s Barra reboots her 10-year effort to lift stagnant shares
By Joseph White DETROIT (Reuters) – General Motors CEO Mary Barra has made many bold moves during a decade on the job to lift the automaker’s share price: jettisoning money-losing…
By Joseph White DETROIT (Reuters) – General Motors CEO Mary Barra has made many bold moves during a decade on the job to lift the automaker’s share price: jettisoning money-losing…
(Reuters) – General Motors said on Wednesday Doug Parks, who leads the automaker’s global product development team, would retire after nearly four decades with the company during which he played…
By Joseph White and David Shepardson DETROIT (Reuters) – General Motors’ bet that its Cruise robo-taxi unit will deliver $50 billion in revenue by 2030 is facing its toughest test.…
By Joseph White DETROIT (Reuters) -The board of Cruise, the robo-taxi company controlled by General Motors, has hired an outside law firm and technology consultants in the aftermath of an…
(Reuters) – General Motor’s Cruise has decided to pause driverless operations across its fleets, the company said on Thursday. “This isn’t related to any new on-road incidents, and supervised AV…
By Anna Tong (Reuters) – Cruise, General Motors’ robotaxi unit, said on Thursday it had signed the driverless car industry’s first labor union agreements, a significant milestone as unions and…
By Paul Lienert (Reuters) – General Motors does not expect to put Tesla-compatible charging ports on its new Chevrolet Silverado EV pickups before model year 2025, it said on Monday.…
By Joseph White DETROIT (Reuters) – Cruise, General Motors Co’s robotaxi unit, plans to enter a “large number of markets” and scale operations up to “thousands of vehicles” in 2023,…
GM’s Profits Take $1 Billion Nosedive Amid Biden-Backed Electric Vehicle Push Jack McEvoy on July 26, 2022 General Motors’ (GM) second-quarter net earnings plummeted 40% from 2021 amid the company’s…
By Joseph White DETROIT – General Motors Co has lost nearly $5 billion since 2018 trying to build a robotaxi business in San Francisco, and now as the automaker’s Cruise…
SEOUL – General Motors Co’s South Korea unit has resumed production at its two factories in the country this week following a production halt that lasted about two weeks over…
SEOUL – General Motors Co’s South Korea unit has suspended production at its two factories in the country following a local supplier’s refusal to supply auto parts, an official at…
(Reuters) – General Motors Co’s Cruise has started charging fares for driverless rides in San Francisco, the company said on Thursday, a step towards commercialization of the service. Cruise earlier…
Japanese automaker Toyota overtook General Motors in 2021 as the top car seller in the U.S., breaking the American manufacturer’s 90-year streak, Reuters reported. Toyota sold 2.332 million vehicles, while…