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The Latest Breaking News from GM

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

Treasury makes more electric SUVs eligible for tax credits

The Treasury Department said Friday it is making more electric vehicles — including SUVs made by Tesla, Ford and General Motors — eligible for tax credits of up to $7,500 under new vehicle classification definitions

The Independent UK

3 Stocks to Help Protect Your Portfolio

Although interest rates were raised by only a quarter of a percentage point, the Fed is not expected to cut rates anytime soon. This is expected to fuel recessionary conditions. Amid this backdrop, investors could look to buy fundamentally strong stocks General Motors (GM), Stellantis (STLA), and Textron (TXT) to…

StockNews.com

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[UPDATE] GM Tells Chevy Bolt EV Owner It's “Not Responsible” For Fast Charging At Non-Approved Public Stations

Following a recall-related battery replacement, this Chevrolet Bolt EV can no longer fast charge. General Motors says that's not their problem, but we think otherwise.

InsideEVs

InsideEVs Exclusive Interview With General Motors EV1 Marketing Director John Dabels - Part 3: Did CARB Cave?

The legacy One of the unprecedented things that InsideEVs enjoys is an above average banter over the articles and reports found here. After our recent interview with John Dabels, three questions stood out. So, InsideEVs went back to John Dabels for more information on behalf of our readers. (If you…

InsideEVs

GM, BYD, Solid State Batteries And Electric Plane: Top EV News Feb 2

It seems with each new week, EV and battery news grows. This week,

InsideEVs

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

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GM and Netflix Partner Up To Spread the Gospel of Electric Cars

Netflix will deliberately feature GM's electric cars in upcoming shows and movies as part of a new partnership the companies are debuting at the Super Bowl.

Inverse

GM And Netflix Partner To Promote EVs, Super Bowl Ad Will Kick Off Effort

Will Ferrell will star in the commercial, visiting the worlds of various Netflix shows.

Motor1

InsideEVs Exclusive Interview with General Motors EV1 Marketing Director John Dabels - Part 2

1996 GM EV1 Meets 2011 Chevrolet Volt - What Could Have Been In-Between? Part 2 Of InsideEV's Interview with GM EV1 Marketing Director John Dabels continues.... Editor's Note: If you missed part one on the behind-the-scenes 411 on General Motor's EV1 project, you can check it out here. Mark Hovis…

InsideEVs

InsideEVs Exclusive Interview with General Motors EV1 Marketing Director John Dabels - Part 1

It is hard to be an EV fan and not know a little about the EV1. Whether you were exposed to the EV1 through the 2006 documentary “Who Killed the Electri Car”, or if you have been a fan right from the beginning. I recently had the pleasure of spending…

InsideEVs

Tesla slashed its prices across the board. We're now starting to see the consequences

Tesla's recent price cuts continue to reverberate, forcing Ford to follow suit while leaving Tesla owners feeling aggrieved. Here's how the move by the market leader has shaken the car industry.

WEKU

GM Investing $650M In Nevada Lithium Mine For EV Battery Production

Actual lithium extraction won't start until 2026, though.

Motor1

2024 Cadillac Lyriq To Get Real Leather Interior And New Colors

The 2024 Cadillac Lyriq will come with several changes over the current model year, including new exterior color options and a new Nappa leather pack.

InsideEVs

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InsideEVs

2024 Cadillac Lyriq Gets Cheaper Base Trim With Fewer Features

2023 Lyriq production is sold out, so you'll have to order a 2024 model, which means you can get one for less than $60,000, though it lacks some goodies.

The Independent UK

GM conditionally OKs $650M Nevada lithium mine investment

General Motors has conditionally agreed to invest $650 million in Lithium Americas in a deal that will give GM exclusive access to the first phase of a mine planned near the Nevada-Oregon line with the largest known source of lithium in the U.S. The equity investment the companies announced jointly…

Motor1

GM Posts Record Earnings In 2022, Plans $2B In Cost Cuts By 2024

The CFO is clear that layoffs are not part of the cost-cutting strategy.

Fortune

The EV wars are here and it's 'now or never' for major players like Ford and GM to gain ground against Tesla, according to Wedbush analyst Dan Ives

“There is a window of opportunity to gain share...and 2023 is a pivotal year that will establish the winners and losers in this EV landscape,” Wedbush tech analyst Dan Ives says amid the industry's price cuts.

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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.

InsideEVs

GM And Lithium Americas Strike $650 Million Investment Agreement

As GM moves forward with a full portfolio of EVs to overtake Tesla, it has secured a major domestic stake in lithium for its batteries.

Tribune News Service

GM reports nearly $10 billion in profit in 2022 despite headwinds

General Motors Co. booked $9.9 billion in net income last year, down from 2021's $10 billion despite chronic supply chain woes, rising interest rates and a slowing economy.

InsideEVs

The Hummer EV's Massive Battery Pack Limits Production: GMC VP

GMC global VP Duncan Aldred said GM has the choice of building one Hummer or two other EVs from its stable of products using the same amount of battery cells.

Motor1

GMC Hummer EV's Big Battery Pack A "Limiting Factor" For Production

GM's Factory Zero has plenty of capacity for Hummer production, but one Humvee battery is nearly enough for two mass-market EVs.

InsideEVs

First 2024 GMC Hummer EV SUV Sells For $500,000 At Auction

Production of the Hummer EV SUV begins today at GM's Factory ZERO Detroit-Hamtramck Assembly; reservations of the Edition 1 SUV are currently full.

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