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The Latest Breaking News from General Motors

EV tax credit may be out of reach for most consumers

WASHINGTON — While the climate, health care and tax law includes an overhaul for the electric-vehicle tax credit, allies and industry representatives have expressed concern that the statute may ultimately benefit too few consumers.

Tribune News Service

EV tax credit may be out of reach for most consumers - Roll Call

The overhaul by Congress for the electric-vehicle tax credit may ultimately benefit too few consumers, allies and others say.

Roll Call

Ultium Cells Begins EV Battery Production In Ohio

Ultium Cells, the battery joint venture between General Motors and LG Energy Solution, has started production at its first plant located in Warren, Ohio.

InsideEVs

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GM venture starts building battery cells at new Ohio factory

General Motors says a new electric vehicle battery plant built in Ohio has started producing cells, which could help customers get federal tax credits

The Independent UK

Tesla Dominating In California: First Half 2022 Vehicles Sold In Biggest State

Electric vehicle leader Tesla Inc (NASDAQ: TSLA) has been a market share leader in the EV space in many territories over the years, including the state of California.

Benzinga

GM CEO Barra Talks EV Future, Doesn't Reiterate Being No. 1 By 2025

GM's Mary Barra has been adamant about the automaker beating Tesla and becoming the EV leader by 2025. However, she didn't reiterate that in a recent interview.

InsideEVs

EXPLAINER: California EV requirements face some obstacles

California will require all new cars, trucks and SUVs sold in the state to run on electricity or hydrogen by 2035

The Independent UK

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General Motors Whale Trades For August 22

A whale with a lot of money to spend has taken a noticeably bullish stance on General Motors. Looking at options history for General Motors (NYSE:GM) we detected 15 strange trades.

Benzinga

You can get a $7,500 tax credit to buy an electric car, but it's really complicated

The Biden administration's climate and health care bill revamps the available tax credits for buyers of electric cars. Here's what to know about how they work.

WEKU

Report: The Fourth Ultium Cells Battery Plant Might Be Built In Indiana

A new report indicates that Ultium Cells, a joint venture between GM and LGES, might soon announce the location for its fourth battery gigafactory.

InsideEVs

Casey Williams: Cadillac hits its stride at 120

Elvis painted his pink and purple. Betty White drove one named “Parakeet.” They’ve carried presidents, mobsters and almost everybody on their last ride. Rock and Roll would have neither rocked nor rolled without them. Some even paced Indy and raced LeMans. Now Cadillac, the 120-year-old brand that once meant the…

Tribune News Service

GM Recalls Nearly Half-Million Large SUVs For Possible Seat Belt Issue

The recall applies to Chevrolet Suburban, GMC Yukon, and Cadillac Escalade models from 2021 and 2022 with third-row seats.

Motor1

Elizabeth is one of Australia's most disadvantaged suburbs but its community spirit is strong

This Adelaide suburb's history is a tale of post-colonial Australia: migrants, cars, rock and roll legends and proud bogans.

ABC News

GM recalls 484K big SUVs to fix problem third-row seat belts

General Motors is recalling more than 484,000 large SUVs in the U.S. to fix a problem that can cause the third-row seat belts to malfunction

The Independent UK

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Benzinga

Check Out What Whales Are Doing With General Motors

A whale with a lot of money to spend has taken a noticeably bearish stance on General Motors. Looking at options history for General Motors (NYSE:GM) we detected 46 strange trades.

USAFacts

How do tax credits for electric cars work?

The Inflation Reduction Act expands eligibility for federal tax credits for electric vehicle owners

The Independent UK

General Motors plant shut down after one man dies in ‘altercation’, Michigan police say

Production paused for day amid homicide investigation

The Independent UK

Most electric vehicles won't qualify for federal tax credit

A tax credit of up to $7,500 could be used to defray the cost of an electric vehicle under the Inflation Reduction Act now moving toward final approval in Congress

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Benzinga

This Is What Whales Are Betting On General Motors

Someone with a lot of money to spend has taken a bullish stance on General Motors (NYSE:GM). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga

Looking At General Motors's Recent Whale Trades

Someone with a lot of money to spend has taken a bearish stance on General Motors (NYSE:GM). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

InsideEVs

Chevrolet Bolt Owners Must Waive Right To Sue GM To Get Cash Rebates

GM wants Bolt EV and EUV owners who claim the rebates to "forever waive and release all claims, damages, or causes of action" relating to the battery defect.

InsideEVs

Chevrolet Will Reportedly Make An Electric Corvette Sedan, Then An SUV

If this rumor is true, then there won’t be an electric Camaro sedan, but it does mean the Corvette sedan will have special attention lavished over its development.

Benzinga

General Motors Whale Trades For August 01

A whale with a lot of money to spend has taken a noticeably bullish stance on General Motors. Looking at options history for General Motors (NYSE:GM) we detected 27 strange trades.

InsideEVs

General Motors' Fleet Customers Ordering Chevrolet Silverado EV

GM recently announced that it has 150,000 orders for the upcoming Silverado EV. Now, fleet customers are requesting an average of over 200 units each.

Benzinga

Tesla Made More In Profit Than GM In Q2 Despite Selling Fewer Vehicles

The leading electric vehicle company posted second-quarter results recently that saw revenue miss analysts’ estimates. Despite that, Tesla Inc (NASDAQ: TSLA) posted operating margins which were once again among the best in the automotive industry.

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