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GM maintains a nearer-term target of producing between 200,000 and 250,000 EVs this year, a range that was revised downward from a previously announced goal of 200,000 to 300,000.
DETROIT (Reuters) -General Motors surpassed Wall Street's expectations in the third quarter, sending its shares up 8% on Tuesday thanks to a resilient consumer demand for its trucks and SUVs. "The ...
GM expects the restructuring will cut spending from about $2 billion to $1 billion after the plan is completed by the end of June. Barra declined to say how many Cruise employees could be moved ...
According to a news release, the transaction does not change GM’s ownership interest in the Ultium Cells LLC project, in which GM and LG have invested a total of $7 billion U.S. taxpayer dollars ...
DETROIT — General Motors has temporarily halted vehicle production at two U.S. factories that assemble highly profitable large pickups and SUVs due to impacts to suppliers as a result of ...
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GM's CEO Mary Barra cited "the considerable time and expense required to scale a robotaxi business in an increasingly competitive market" on a Tuesday call with media and analysts.
DETROIT (Reuters) -General Motors is wrestling with costs and struggling to build more electric vehicles, as it reported Tuesday that adjusted pre-tax profit and margins in its key North American ...