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The Latest Breaking News from General Motors Co

Ford to launch Formula 1 comeback after 20 years

Ford Motor Co. on Friday is returning to Formula 1 after more than 20 years, and just weeks after crosstown rival General Motors Co. said it was joining forces with Andretti Global to launch a bid to compete in one of the world's most prestigious motor races.

Tribune News Service

What counts as an SUV? Treasury shifts definition for EV tax credits after carmaker complaints

WASHINGTON — The U.S. Treasury is changing how it defines a sport utility vehicle Friday after car companies lodged complaints that some vehicles were wrongfully being boxed out of new electric vehicle tax credits.

Tribune News Service

Ford posts $2 billion loss in 2022

Ford Motor Co. posted a $2 billion net loss last year, down from 2021's $17.9 billion in profits that had been bolstered by gains on the automaker's investment in electric-vehicle startup Rivian Automotive Inc.

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GM hourly workers to get biggest profit-sharing checks ever, over $12,000

General Motors Co. will deliver its largest profit-sharing payouts ever to employees next month ― up to $12,750 this year to about 42,300 eligible hourly workers, according to the company's financial results released Tuesday.

Tribune News Service

GM says fourth battery plant 'very much on track,' envisions others

General Motors Co. is still planning a fourth battery plant and even more beyond that despite the reported breakup with supplier and partner LG Energy Solution.

Tribune News Service

GM reports nearly $10 billion in profit in 2022 despite headwinds

General Motors Co. booked $9.9 billion in net income last year, down from 2021's $10 billion despite chronic supply chain woes, rising interest rates and a slowing economy.

Tribune News Service

LG gets extension on Michigan battery plant expansion as plans with GM stall

LG Energy Solution is getting an extension on formally entering into an agreement with Michigan's quasi-governmental economic engine to quintuple the size of its Holland, Michigan, electric-vehicle battery plant just days after it first was reported that the company won't be building a fourth battery plant with General Motors Co.

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GM appealing to Supreme Court in case against FCA

General Motors Co. is asking the U.S. Supreme Court to review its racketeering lawsuit against Fiat Chrysler Automobiles, now known as Stellantis NV, according to a filing this month with the high court.

Tribune News Service

Will Ram's electric truck be a 'revolution'? Here's where its concept stands

LAS VEGAS — The "Ram Revolution" has arrived.

Tribune News Service

'Target on its back:' How Tesla's woes could benefit competitors like GM, Ford

After Tesla Inc.'s shares closed their worst year ever, they continued to fall Thursday — a clear signal of investor concerns swirling around the leading electric-vehicle maker even as competitors like General Motors Co. and Ford Motor Co. look to steal some of its business in 2023.

Tribune News Service

UAW says Ultium negotiations to start in January

Ultium Cells LLC, the General Motors Co. and LG Energy Solution battery cell joint venture, and the United Auto Workers will begin negotiating on their first contract for workers at Ultium's northeast Ohio plant in January, union spokesperson Sandra Engle said in a statement.

Tribune News Service

Buick to introduce first Ultium-powered electric SUV for China

Buick on Monday said it will soon introduce the all-electric Electra E5, the brand's first production vehicle developed on General Motors Co.'s new electric Ultium platform in China.

Tribune News Service

Department of Energy finalizes $2.5 billion loan to GM battery joint venture

WASHINGTON — The U.S. Department of Energy has finalized a $2.5 billion loan to Ultium Cells LLC, the EV battery joint venture between General Motors Co. and South Korean battery company LG Energy Solution, officials said Monday.

Tribune News Service

UAW organizes its first EV battery plant

The United Auto Workers has organized its first joint-venture battery plant, a facility in northeast Ohio owned by General Motors Co. and LG Energy Solution, the union said early Friday.

Tribune News Service

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GM installs first EV chargers for dealer partnership program

General Motors Co. is starting to install the first community charging stations as part of its Dealer Community Charging Program, with the first ones going up in Michigan and Wisconsin.

Tribune News Service

GM's BrightDrop to make vans for DHL Express Canada, starts Ontario production

INGERSOLL, Ontario — General Motors Co.'s BrightDrop electric delivery vehicle company is adding DHL Express Canada logistics company as a customer, the automaker said Monday.

Tribune News Service

GM, LG investing $275 million to increase Tennessee battery plant capacity

General Motors Co. and LG Energy Solution are investing $275 million at their Tennessee Ultium Cells LLC joint-venture battery plant to increase cell production there when it opens in late 2023, the company announced Friday.

Asharq Al-Awsat

Musk Says Apple Mostly Stopped Advertising on Twitter

Billionaire Elon Musk said in a tweet on Monday that Apple Inc has mostly stopped advertising on Twitter. Apple and Twitter did not immediately respond to requests for comment. Earlier in November, Musk said Twitter had seen a "massive" drop in revenue and blamed activist groups for pressuring advertisers. Several…

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Tribune News Service

GM battery plant employees to vote for UAW representation in December

An election to unionize the first General Motors Co. and LG Energy Solution battery cell manufacturing plant is scheduled for Dec. 7 and Dec. 8, according to a National Labor Relations Board filing.

Tribune News Service

GM startup BrightDrop projects $1 billion in revenue next year

BrightDrop, a General Motors Co. startup, focused on offering electric delivery options, told investors on Thursday it's on track to reach $1 billion in revenue in 2023.

The Guardian - US

General Mills latest to halt Twitter ads as Musk takeover sparks brand exodus

Cheerios and Lucky Charms cereal company joins General Motors Co and Audi among others in pulling money from the platform

Tribune News Service

GM to collaborate on battery separator technology, build plant

General Motors Co. and battery manufacturer Microvast said Wednesday they will jointly develop specializedelectric-vehicle battery separator technology and build a new separator plant in the U.S.

Tribune News Service

GM: All American sites will be powered with renewables by 2025

General Motors Co. said Wednesday that based on current projections, it will be able to power all of its U.S. sites with renewable energy by 2025 — five years ahead of its previous target of 2030.

Tribune News Service

GM brings in $3 billion in profits during third quarter

General Motors Co. on Tuesday said it made $3.3 billion in net income in the third quarter, up from 2021's third quarter profits of $2.4 billion despite a tight supply inventory still hindering sales and lessening demand amid economic uncertainty.

Tribune News Service

GM beats expectations, nets $3.3 billion profit in third quarter

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