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Part of GM’s $2 billion investment saw Spring Hill Assembly retooled with new machines, conveyors, controls and tooling for 2023 Cadillac LYRIQ production which started March 21, 2022.
In June 2022, GM began to include a three-year, prepaid OnStar and Connected Services premium subscription as a standard option on Buick, Cadillac, and GMC models, at a value of US$1,500. This subscription is a mandatory option included in the price of the vehicle, even if the owner does not intend to use the services. [15] [16]
On May 27, 2009, the U.S. Treasury advanced a secured loan of US$360.6 million to GM, and GM issued a note to the Treasury for US$360.6 million, plus $24.1 million USD as additional compensation for the warranty advance, pursuant to the terms of the Warranty Agreement dated December 31, 2008, between GM and the U.S. Treasury. The loan funded a ...
The GMC Hummer EV (badged as H EV) is a line of battery electric heavy-duty vehicles produced by General Motors since 2021, and sold under the GMC marque. [12] The Hummer EV is offered in two variants: a pickup truck and a sport utility vehicle (SUV), unveiled in October 2020 and April 2021 respectively.
Introduced in January 2022, the Silverado EV went on sale in 2023 for the 2024 model year in the North American market. Despite using the Silverado nameplate, the vehicle does not share its underpinnings with the ICE-powered Silverado, as it is built on a narrower version of the dedicated electric platform used by the GMC Hummer EV.
GM earnings call for the period ending December 31, 2024. ... a decrease of 28% since the end of 2022 and a decrease of 12% compared to the end of 2023. ... Some of them are bigger deals and ...