General Motors shares fell in premarket trading as the automaker reported second-quarter earnings that fell short of estimates, offsetting a drop in revenue. The company reported net income of $1.692 billion, or $1.14 per share, for the quarter, down from $2.836 billion, or $1.90 per share, a year ago. Adjusted earnings per share came in […]
Tag: General Motors
General Motors and Ford have applied to be allowed to develop a limited number of self-driving vehicles
Automakers General Motors and Ford Motor have asked U.S. regulators to allow them to develop a limited number of self-driving vehicles without human control systems, such as steering and brake pedals. The US National Highway Traffic Safety Administration (NHTSA) released the two companies’ separate requests, triggering a 30-day public hearing. NHTSA has licensing authority, allowing […]
More than 11,000 Cadillac and Chevrolet SUVs recalled in Russia
GM Auto, the official manufacturer of Cadillac and Chevrolet in the Russian market, has launched a voluntary recall program in Russia. This was reported by the press service of the Federal Agency for Technical Regulation and Metrology (Rosstandart). The recall program covers more than 11,000 vehicles – a total of 11,158 Cadillac Escalade and Chevrolet […]
Canada: Announcements of a major investment by GM in the production of electric vehicles are expected today
Canada is expected to announce today its support for a multibillion-dollar investment by General Motors Co (GM) in two plants. One of them will produce electric commercial vehicles, according to a government source. Both the federal government and the local government in Ontario will invest in GM’s two plants in Ingersol and Osawa, according to […]
Chevrolet Bolt electric car production to resume after flaming battery fiasco
American automotive giant General Motors will resume production of the troubled electric Chevrolet Bolt. This was reported immediately by The Wall Street Journal and The Detroit News. Initially, the manufacturer planned that production would not resume until at least the end of January 2022. As GM spokesman Dan Flores has now revealed, production will soon […]
Walmart and FedEx agree with GM on thousands of new BrightDrop electric trucks
A plan by Walmart and FedEx was unveiled on Wednesday, according to which the two companies intend to add to their giant vehicle fleets thousands of new electric vehicles, which have been produced by General Motors. According to the two companies, Walmart has agreed with the Detroit-based automaker to buy 5,000 BrightDrop vans, while FedEx, […]
Microsoft Joins General Motors To Commercialize Cruise Self-Driving Electric Vehicles
Microsoft is collaborating with Cruise, GM, to commercialize self-driving vehicles. A combined equity investment of over $2 billion was raised, valuing Cruise at $30 billion. Shares of GM jumped post the news.
U.S Auto Parts industry struggles to gather people in Corona to recover Demand
General Motors (GM) GM.N , Ford Motor FN and others are customer engineering and machinery manufacturers, and Joe Perkins, CEO of Movex Global, has over time employees to meet growing demand. I’m increasing. They are increasing salaries and offering bonuses to recruit 80 people from 12 domestic factories. “This is our most serious problem,” he said. According to Perkins, […]