GM and Honda to Launch Driverless Ride Service in Japan
General Motors (GM) and Honda announced their collaboration with Cruise, GM's self-driving unit, to introduce a driverless ride service in Japan by early 2026. By utilizing an app on their…
GM and Honda Partner to Develop Affordable EVs for Popular Vehicle Segments
(General Motors) Automakers General Motors and Honda will co-develop a series of affordable electric vehicles that will target the most popular vehicle segments globally. The companies will share their technology,…
GM to Accelerate EV Infrastructure With 40,000 Charging Points in US and Canada
(Reuters) General Motors is targeting up to 40,000 charging stations as it seeks to accelerate its electric vehicle infrastructure in the US and Canada. GM said it aims to expand…
GM Seeks $1.9B Refund From LG Electronics Over Bolt Recall Costs
(WSJ) General Motors Company has said that it will recover from LG Electronics Inc. about $2 billion it incurred in the recall of Chevrolet Bolt electric models due to battery…
GM’s Profit Jumps to $2.8 Billion in Q2 Despite Missing Wall Street’s Expectations
(General Motors Company) General Motors reported a $2.8 billion profit in the second quarter of 2021, a rebound from a loss of $758 million in the same period last year.…
GM Aims for More Competitiveness in EV and AV after a Further $35B Investment
(General Motors) General Motors Co. has said it will raise its EV and AV investments by 75%, or $35 billion up to 2025. GM aims to become a market leader…
GM Confident of Achieving FY21 Targets after Q1 Revenues of $32.5B
General Motors Co. reported a revenue of $32.5 billion in Q121, down from $32.7 billion in the same quarter of 2020, according to the company’s press release. The company remains…
Chip Shortages Prompts GM to Halt Production at Several North American Facilities
General Motors Co. will halt production at several North American factories and extend shutdowns at others, according to the Wall Street Journal. The decision reflects worsening chip shortage for U.S…
GM-Backed Cruise set to Acquire Voyage
General Motors’ majority-owned autonomous vehicle subsidiary Cruise has agreed to acquire self-driving car start-up Voyage, according to CNBC. The companies did not disclose the terms of the deal. Voyage CEO…
GM Forced to Cut Production at Four Plants after Chip Shortages
General Motors will cut production during the week of February 8 at Fairfax, Kansas, Ingersoll , Ontario, and San Luis Potosi in Mexico, according to Reuters. The automaker will operate…
U.K Auto Sales Plummet to Hit Lowest Since 1992 Despite Surge in EV
Sales of new cars in the U.K fell by almost 30% in 2020 due to the coronavirus pandemic and shuttering of showrooms, reports CNBC. New car registrations amounted to 1,631,064…
Nikola Shares Plunge by 24% after Announcing a Reworked Agreement with GM
Nikola shares fell by more than 24% after the company announced a reworked agreement on fuel-cell partnership with General Motors on Monday, according to Reuters. The partnership eliminates an equity…