Shares in General Motors and Ford tumbled Sept. 25 after a Morgan Stanley analyst warned that cars are too expensive for U.S. consumers and a price war in China will hurt the bottom line there.
September 25, 2024GM News Updates
Morgan Stanley Warns US Cars Are Too Expensive
Cruise Robotaxis Returning to California After Accident
The testing is small scale, with at most five vehicles being run with test drivers at the wheel to do development work.
September 19, 2024GM Begins Sales of Adapters for Tesla’s Charging Network
General Motors' electric vehicle customers are getting access to Tesla Superchargers starting this month, following an agreement struck last year between CEOs Mary Barra and Elon Musk.
September 18, 2024GM in Talks to Buy Chinese Batteries Made in US by TDK
General Motors is in discussions to buy EV batteries that would use technology from China’s CATL and be assembled at a new plant slated to be built in the U.S., Bloomberg reports.
September 12, 2024GM, Hyundai to Explore New Vehicle Joint Development
General Motors is joining forces with South Korea’s Hyundai Motor Co. in a pact that may presage a deeper strategic relationship between the two major automakers to co-develop vehicles.
September 12, 2024GM Moves BrightDrop Electric Vans to Chevrolet Brand
General Motors Co. is bringing its BrightDrop electric commercial vans under the Chevrolet brand in an effort to expand sales beyond delivery companies.
August 29, 2024GM to Cut More Than 1,000 Software Engineers, Mostly in US
General Motors Co. is cutting more than 1,000 software engineers as the automaker moves to lean up its software and services organization, said a person familiar with the matter.
August 19, 2024GM Names New Chiefs for North America, Global Buick, GMC
General Motors Co. on Aug. 9 announced a series of leadership changes, including new heads for North America and of the Buick and GMC brands globally.
August 9, 2024GM Delays Electric Pickup Plant Second Time
General Motors will again push back the planned opening of an electric pickup truck plant in suburban Detroit and has delayed a Buick plug-in amid uncertain growth in battery-powered car sales.
July 23, 2024General Motors Profit Rises 15% in Q2
DETROIT — U.S. customers who bought a new General Motors vehicle last quarter paid an average of just under $49,900, a price that helped push the company’s net income 15% above a year ago.
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