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The Latest Breaking News from General Motors Co

Move over, little red Corvette: Chevy's electrifying its iconic sports car

General Motors Co. is electrifying its iconic sports car, the Chevrolet Corvette, GM President Mark Reuss announced Monday.

Tribune News Service

GM To Make Electric Chevrolet Corvettes: CNBC

General Motors Co (NYSE:GM) President Mark Reuss said the company will produce an electrified Chevrolet Corvette in 2023, CNBC reported. Reuss did not disclose whether the electrified model would be a traditional or plug-in hybrid electric vehicle. He assured the automaker would continue manufacturing traditional models with internal combustion engines alongside the…

Benzinga

Honda Developing Three New Electric Vehicle Platforms by 2030, Says Executive

Honda Motor Co plans to build millions of electric vehicles (EV) by 2030 using three new dedicated platforms, with one to be jointly developed with US partner General Motors Co, a top executive at the Japanese automaker said. Shinji Aoyama, Honda's global head of electrification, told Reuters on Thursday the…

Asharq Al-Awsat

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GM makes another move to solidify EV supplies

In another move to make sure it has what it needs to electrify its lineup, General Motors Co. said Thursday it entered into a supply agreement with MP Materials Corp. for the alloy and magnets needed for EV programs.

Tribune News Service

Magna-LG JV Taps GM As Foundational Customer For New Facility In Mexico

LG Magna e-Powertrain, a joint venture (JV) between LG Electronics and Magna International Inc (NYSE:MGA), marked the groundbreaking of its new plant in Ramos Arizpe, Mexico. General Motors Co (NYSE:GM) is the foundational customer for the new facility. The new facility will produce inverters, motors, and on-board chargers to support General Motors' electric vehicle (EV) production. The 260,000…

Benzinga

Tesla Bull Cathie Wood Shows Shifting Stance On GM After Months Of Dissing The Stock

Tesla Inc (NASDAQ: TSLA) bull Cathie Wood seems to have had a change of heart about General Motors Co (NYSE: GM) after months of dissing the legacy

Benzinga

San Francisco Cops Pulled Over A Driverless GM Cruise — What Happened Next Left Onlookers In Splits

General Motors Co (NYSE: GM)-owned, self-driving taxi service Cruise’s unusual pit stop on a San Francisco street last week left onlookers in splits.

Benzinga

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Honda Motor Earmarks $64B Over 10 Years On EV Push, Firing Up Rivalry With Tesla

Honda Motor Co Ltd (NYSE:HMC) looks to spend ¥8 trillion ($64 billion) on research and development over the next decade, laying out an ambitious target to roll out 30 electric vehicle models globally by 2030. Honda's goals include producing 2 million EVs a year by 2030 to gain a share in the fast-growing…

Benzinga

Japan’s Honda Outlines Strategy to Forge Ahead on EVs

Honda is investing 5 trillion yen ($40 billion) over the next decade in research, especially to realize a major shift to ecological electric vehicles, the Japanese automaker said Tuesday. The products and services in the works will account for more than half of its 8 trillion yen ($64 billion) research…

Asharq Al-Awsat

Why General Motors Stock Surged Today And How To Play The Break

General Motors Company (NYSE: GM) gapped down slightly lower to begin Monday’s trading session but bulls came in and bought the dip, causing the stock to shoot up 6.6% higher at one point.

Benzinga

Tesla's Lead Times Longer Than Ford, GM Due To This Reason, Says Munster

Tesla Inc (NASDAQ: TSLA) has a lead time twice as long as those of the top legacy automakers General Motors Co (NYSE: GM) and Ford Motor Co (NYSE:

Benzinga

Volkswagen To Scrap Dozens Of Models To Focus On Premium Market: FT

Volkswagen AG (OTC:VWAGY) to discontinue several of its combustion engine models by the end of the decade and sell fewer cars overall to focus on developing more profitable premium vehicles, Financial Times reported, citing the company's finance chief. "The main goal is not growth, it is us [more focused] on quality and…

Benzinga

MDA Partners With Lockheed Martin, General Motors On Lunar Rover Development

MDA Ltd. (TSX:MDA) (OTC:MDALF) is collaborating with Lockheed Martin Corp (NYSE:LMT) and General Motors Co (NYSE:GM) to integrate its commercial robotic arm technology on their planned human-rated lunar mobility vehicles. "We believe this collaboration will enable all three companies to continue to define the art of the possible, push the boundaries of space innovation, and provide the…

Benzinga

GM, Honda to make 'affordable' EVs together

General Motors Co. and Honda Motor Co. Ltd. are expanding their partnership to make a series of "affordable" electric vehicles together based on a new global architecture that will use GM's next-generation Ultium battery technology, the companies said Tuesday.

Tribune News Service

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Tribune News Service

GM resumes Bolt production after months of downtime for recall

After months of downtime, General Motors Co. restarted production of its Chevrolet Bolt EV and EUV Monday at its Orion Assembly plant in Michigan, the company said.

Tribune News Service

GM to build more trucks in Canada, transition another plant for EV production

General Motors Co. is adding a third shift to its Oshawa, Ontario, plant to increase truck production and will soon begin transforming another Canada plant for electric vehicles, the automaker said Monday.

Tribune News Service

GM sales down in first quarter amid tight supply, high prices

General Motors Co. on Friday said its dealers sold 512,846 vehicles in the first quarter this year, down 20% from last year as slumping supply continued to limit sales.

Benzinga

Why Ford And GM Are Suspending Production At Two Michigan Plants Next Week

Ford Motor Co (NYSE: F) and General Motors Co (NYSE: GM) are going to suspend production next week at a Michigan plant, Reuters

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Tribune News Service

Auto supply woes: GM, Ford face production hits next week

Both General Motors Co. and Ford Motor Co. are working through supply issues causing them to halt production at some plants next week.

Benzinga

This Tesla-General Motors JV Supplier Abruptly Sends Home Workers From Shanghai Facility Citing COVID Issues

Tesla Inc (NASDAQ:TSLA) and General Motors Co (NYSE:GM) JV supplier Aptiv PLC (NYSE:APTV) dismissed workers from a Shanghai production facility, citing COVID issues, Reuters reports. Aptiv abruptly dismissed workers at one of the sites, which made wire harnesses, on March 29. Wire harnesses were unique to each model, and it was not possible to build vehicles…

Tribune News Service

Chip woes: GM to halt truck production at Fort Wayne for two weeks

General Motors Co. is halting production of its light-duty trucks at the Fort Wayne Assembly plant in Indiana for two weeks next month — marking the first time this year the Detroit automaker has shut down a plant because of the semiconductor shortage.

Tribune News Service

How automakers are rethinking supply models amid war, pandemic, earthquakes

The global auto industry just can't catch a break: automobile wire harnesses made on picnic tables because of a war in Ukraine, semiconductor plants halting production from an earthquake in Japan and backed-up ports in China amid rising COVID-19 cases are straining vehicle supply chains — again.

Tribune News Service

Ex-Unifor president Dias accused of accepting funds from COVID test supplier, enters rehab

The former head of Canada's largest private-sector union has entered a rehab program after being charged with breaching Unifor's constitution by accepting funds from a third-party supplier.

Benzinga

GM's Cadillac Lyriq EV Reportedly Draws Over 200K Expressions Of Interest: Here's When Orders Are Set To Open

General Motors Co (NYSE: GM)’s electric crossover Cadillac Lyriq has drawn 233,000 expressions of interest from buyers, Reuters

Benzinga

GM Picks Lear To Supply Seats For 2024 Chevrolet Silverado EV Pickup

General Motors Co (NYSE:GM) has selected Lear Corp (NYSE:LEA) to supply front and rear seats to the 2024 Chevrolet Silverado EV pickup. The 40/60 split second-row seat offers four configurations, allowing users to haul gear or equipment while accommodating passengers in the second row. Lear engineered a tuck-and-tumble sequence for the second-row seat for…

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