Cruise is in danger of becoming GM’s latest trendy venture that doesn’t pay off

[ad_1] DETROIT — General Motors‘ plans to diversify its business through trendy industries such as ridesharing and other “mobility” ventures or startups have largely fallen flat since the automaker started…

GM’s $10 Billion Apology

[ad_1] Nov. 29, 2023 12:58 pm ET General Motors’ much-trumpeted technology bets haven’t worked out well lately. Ironically, that is one reason it can afford to score an easy goal…

GM, Honda scrap plans to co-develop ‘affordable’ sub-$30,000 EVs

[ad_1] The 2024 Honda Prologue is one of two EVs being made by General Motors for the Japanese automaker, utilizing its Ultium battery technologies. Honda DETROIT – General Motors and…

GM tops Q3 expectations but pulls full-year guidance due to mounting UAW strike costs

[ad_1] DETROIT — General Motors beat Wall Street’s third-quarter expectations on Tuesday, as it battles through ongoing labor strikes by the United Auto Workers union that’s costing the automaker roughly…

GM secures new $6 billion credit line as UAW strike costs reach $200 million

[ad_1] DETROIT – General Motors secured a new $6 billion line of credit as the automaker braces for additional strikes by the United Auto Workers union. “The facility that we…

GM raised guidance, but its stock fell. Why Wall Street isn’t buying in

[ad_1] Mary Barra, chief executive officer of General Motors Co., during the South by Southwest (SXSW) festival in Austin, Texas, US, on Tuesday, March 14, 2023.   Jordan Vonderhaar | Bloomberg…

McDonald’s, PepsiCo, GM Flex Their Pricing Power

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General Motors raises 2023 guidance as first-quarter earnings beat expectations

[ad_1] General Motors CEO Mary Barra, center, at the New York Stock Exchange, Nov. 17, 2022. Source: NYSE DETROIT — General Motors on Tuesday raised key guidance for 2023 after…

GM Ditches Apple CarPlay on EVs as Fight for Your Car’s Screen Intensifies

[ad_1] Business Autos & Transportation Autos Industry Move to drop the popular app highlights battle that could be worth billions [ad_2] Source link

After a Boom, the Auto Bust Has Begun

[ad_1] Markets Heard on the Street New-vehicle inventories, discounts rise as the New York Auto Show heralds spring selling season [ad_2] Source link