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The Latest Breaking News from General Motors Co

GM CEO Views Tesla’s Musk As Both Competitor And Partner

GM and Tesla have teamed up for EV charging, but the two companies are still competing for market share in the space.

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GM announces another EV supply chain deal

General Motors Co. and Australia-based Element 25 Limited have signed an agreement for Element 25 to supply up to 32,500 metric tons of manganese sulfate annually to the Detroit automaker, the companies said Monday.

Tribune News Service

GM increasing price for base Silverado EV Work Truck

General Motors Co. is kicking off production of the Chevrolet Silverado EV with some upgraded specs for the coming truck, and a higher price for the base model.

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GM expands Duramax diesel engine operations to support HD truck production

General Motors Co. is investing $920 million at its Ohio Duramax operations for production of diesel engines for future heavy-duty trucks, the company announced last week.

Tribune News Service

General Motors Co. (GM) vs. Nikola Corp. (NKLA): Which Is the Better Buy?

Automobile demand is expected to bounce back this year after a disappointing 2022. The rapid switch from ICE vehicles to electric vehicles will likely drive the growth of General Motors (GM) and Nikola (NKLA). Let’s compare these two stocks' fundamentals to identify which is a better buy now.

StockNews.com

GM receives tax incentives to support potential $3.5 billion Indiana battery plant

An Indiana county council on Tuesday evening approved tax incentives for a $3.5 billion battery plant investment by General Motors Co. and battery partner Samsung SDI.

Tribune News Service

GM nixed Apple CarPlay, Android Auto. Here's why

General Motors Co.’s controversial decision to ditch two popular phone projection systems from its future electric vehicles could be risky, but the company insists the move will pay off by giving consumers a more vehicle-embedded infotainment experience.

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GM CEO Mary Barra on the industry's transformation, progress on DEI, and return to office

DETROIT — General Motors Co. CEO Mary Barra touched on everything from how the Detroit automaker is approaching one of the most monumental shifts in automotive industry history to the company's progress on diversity, equity and inclusion efforts to GM's return-to-office strategy in a wide-ranging discussion Thursday.

Tribune News Service

US Supreme Court won't hear GM's 2019 racketeering lawsuit against Fiat Chrysler

The U.S. Supreme Court has denied a request from General Motors Co. to hear its racketeering lawsuits against crosstown competitor Fiat Chrysler Automobiles, now known as Stellantis NV.

Tribune News Service

Chevrolet debuts first Silverado HD ZR2 performance truck

For the first time ever, General Motors Co. is bringing its ZR2 off-roading badge to the heavy-duty Chevrolet Silverado.

Tribune News Service

GM leads $50 million funding round in EnergyX lithium startup

Energy Exploration Technologies Inc. and General Motors Co. on Tuesday said the automaker's investment arm GM Ventures is leading a $50 million Series B financing round for the lithium startup.

Tribune News Service

GM China auto sales down 25% in first quarter

DETROIT — General Motors Co. and its joint ventures in China reported a 25% decline in first-quarter sales with 462,000 vehicles delivered in the country.

Tribune News Service

GM sales up 17.6% in Q1 as EVs hit new milestone

DETROIT — General Motors Co. reported a year-over-year 17.6% sales increase in the first quarter, despite rising interest rates, continued inflation and growing economic uncertainty.

Tribune News Service

GM changes infotainment strategy for future EVs

General Motors Co. on Friday said it's moving away from using the phone projection systems of Apple CarPlay and Android Auto.

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Fain wins historic UAW presidential race, will be sworn in Sunday

DETROIT — United Auto Workers presidential candidate Shawn Fain has defeated incumbent Ray Curry in a historic, first-ever direct election for the union's highest office, the federal monitor overseeing the vote confirmed Saturday afternoon.

Tribune News Service

Meet the chief engineer behind BrightDrop, GM's newest brand

WARREN, Michigan — From the moment she started her career at General Motors Co., Kathy Gillespie never feared the unknown.

Tribune News Service

GM offers US employees voluntary separation program

DETROIT — To achieve $2 billion in cost savings, General Motors Co. is offering a voluntary separation program to its employees, the automaker confirmed Thursday.

Tribune News Service

GM cutting executive, white-collar jobs

A month after CEO Mary Barra said General Motors Co. was "not planning layoffs," the Detroit automaker is cutting a small number of executive-level and salaried jobs, The Detroit News has confirmed.

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Ford to announce $2.5B battery plant in Michigan with Chinese partner

Ford Motor Co. on Monday is expected to detail a multi-billion-dollar investment with a Chinese company to build an electric-vehicle battery plant on a site in mid-Michigan, The Detroit News has confirmed.

Tribune News Service

GM makes deal with wafer maker to secure semiconductor part supply

General Motors Co. and GlobalFoundries are forming a long-term agreement to give GM a dedicated supply of a critical part on semiconductors, the companies announced Thursday.

Tribune News Service

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.

Tribune News Service

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.

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