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...General Motors is to scale back ambitions for its self-driving unit Cruise following a pedestrian injury last month, which led it to suspend testing....
...General Motors shares were up 4.4 per cent in pre-market trading in New York....
...Honda is falling further behind in the battery EV race after scrapping a $5bn plan to develop affordable battery-powered cars with General Motors last year....
...Rivian went public in late 2021 with a market capitalisation of more than $100bn — bigger than Ford and General Motors....
...Ford, General Motors and Tesla have all pumped the brakes on expanding EV production capacity in recent weeks....
...It also has an alliance with General Motors in fuel-cell vehicles and self-driving technology, but the two carmakers last year scrapped plans to jointly develop affordable EVs owing to differences over cost...
...Premiums from its general insurance division, which includes car insurance, also grew....
...General Motors raised its guidance for the second time this year, citing strong customer demand....
...General Motors has cancelled plans to eliminate the Chevrolet Bolt, one of the cheapest battery-powered cars in the US market, as it pursues ambitions to rapidly electrify its fleet....
...General Motors also announced it would buy back $10bn of shares and increase its quarterly dividend by 3 cents per share to 12 cents....
...General Motors is launching an all-electric range fronted by its Cadillac brand in Europe this week, six years after the US carmaker sold its mass-market brands in the region following a long struggle with...
...Nearly two-thirds of the voting members of the United Auto Workers union voted to ratify their contracts with Ford, General Motors and Stellantis after their historic strike against the three Detroit automakers...
...California regulators have barred Cruise’s autonomous vehicles from the state’s roads, dealing a setback for the General Motors-owned company less than three months after it won the right to operate a full...
...General Motors said the US carworkers’ strike was costing it approximately $200mn a week, an estimate that is set to rise after 5,000 members of the United Auto Workers union walked out of one of its largest...
...Honda already has an alliance with General Motors to use its battery technology, though it did not specify whether this partnership would be affected....
...Groups such as Ford and Volkswagen collect healthy profits from their captive finance divisions....
...General Motors has announced plans to return “significant capital” to shareholders as the US carmaker seeks to move past difficulties with its ambitions for electric vehicles and driverless cars and from...
...The other was made against Barclays Partner Finance, a division of Barclays bank....
...Other companies: PepsiCo, Freeport McMoran, Halliburton, GE Aerospace, RTX, Lockheed Martin, NextEra Energy, UPS, Philip Morris, Spotify, General Motors and Kimberly-Clark are reporting earnings before the...
...The UAW, established in the 1930s, last year won record pay increases for 146,000 members whom the union represents at Ford, General Motors and Stellantis after it launched six weeks of strikes against the...
...The second-hand value of the top-10 selling battery cars in the US, including models from Tesla, General Motors and Ford, fell an average of 28 per cent in 2023, data from CarGurus and compiled by HSBC show...
...General Motors sold 21 per cent more vehicles in the third quarter compared to last year, suggesting the United Auto Workers strike has not yet affected sales.The Detroit carmaker sold about 674,000 vehicles...
...Collectively, companies including Tesla, Alphabet, General Motors, Uber, Baidu and Ford have invested billions of dollars in the technology. Safety records are impressive....
...General Motors workers who walked out of Canadian plants at midnight have reached a tentative agreement with the company, ending a strike that lasted just over 12 hours....
...General Motor’s workers who walked out of Canadian plants at midnight have reached a tentative agreement with the company, ending a strike that lasted just over 12 hours....
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