General Motors (GM) warned that the Biden administration’s proposed changes to vehicle emissions rules could result in significant penalties for the auto industry by 2031. GM estimated potential penalties ranging from $100 billion to $300 billion, or $1,300 to $4,300 per vehicle, depending on the enactment of an Energy Department proposal related to electric vehicle
On Tuesday, General Motors (GM) announced a positive change in its full-year profit forecast, largely due to its strategic plans to reduce investments in new products and implement cost-cutting measures. The automaker aims to save an additional $1 billion in operating costs by the end of the following year. GM’s second-quarter net income demonstrated significant
General Motors (GM) is accelerating its push towards electric vehicles (EVs) with a strategic plan that includes expanding into various segments of the market and offering more affordable options. The company’s CEO, Barra, highlighted the increasing excitement surrounding their EV lineup, indicating a growing demand among consumers. This buzz reinforces their belief in the effectiveness
U.S. regulators are soon to decide on General Motors’ self-driving cars. GM’s Cruise unit has filed a petition seeking approval to deploy up to 2,500 self-driving vehicles annually without human controls. The decision is expected in the coming weeks. The central question at hand is whether computer-driven vehicles should adhere to safety standards designed for
Following the General Motors (GM) announcement to invest over $1 Billion in its Flint Assembly Plant to build future gas-powered heavy-duty trucks, GM plans to invest $632 million in its Fort Wayne, Indiana plant to prepare for future gas-powered full-size light duty trucks. In a recent announcement, GM revealed its strategic plan to inject $632
GM recently made a significant announcement, following in the footsteps of Ford. The company revealed that owners of its electric vehicles (EVs) will soon have access to the widely recognized Tesla Supercharger charging infrastructure. This access is expected to become available in early 2024, providing GM customers with a broader range of charging options. GM
General Motors (GM) has recently revealed its plan to invest $500 million in its Arlington Assembly plant located in Texas. The purpose of this investment is to upgrade the facility so that it can manufacture the next generation of full-size gasoline-powered SUVs. However, the investment is contingent upon successful negotiations with local government officials, as
According to General Motors (GM) CEO Mary Barra, she believes that profitable electric cars in the $30,000 to $40,000 range won’t be feasible until the end of the decade or potentially later. Barra acknowledges that Tesla currently holds the lead in electric vehicle (EV) technology, profitability, and scale, but she suggests that GM can catch
According to a forecast and analysis conducted for Reuters, General Motors (GM) may face a battery bottleneck that could hinder its projected EV production for 2025. While GM has announced plans to have the capacity to manufacture 1 million electric vehicles in North America by 2025, the slow ramp-up of its three U.S. battery plants
Today, General Motors Co (GM.N) announced the appointment of former Apple Inc (AAPL.O) executive Mike Abbott to head a division that will integrate three software functions within the company. Starting on May 22, Abbott will oversee the development of vehicle and enterprise software technologies. As automakers such as GM and Ford Motor Co (F.N), increasingly
