General Motors became the latest automaker hit by the global shortage of semiconductor chips as the U.S. automaker said on Wednesday it will take down production next week at four assembly plants. From a report: GM said it will cut production entirely during the week of Feb. 8 at plants in Fairfax, Kansas; Ingersoll, Ontario; and San Luis Potosi, Mexico. It…
Tag: GM
CNN: Tesla’s Net Profit ‘Doesn’t Come From Selling Cars’
“Tesla posted its first full year of net income in 2020 — but not because of sales to its customers,” reports CNN: Eleven states require automakers sell a certain percentage of zero-emissions vehicles by 2025. If they can’t, the automakers have to buy regulatory credits from another automaker that meets those requirements — such as Tesla, which exclusively sells electric cars….
GM Will Sell Only Zero-Emission Vehicles By 2035
An anonymous reader quotes a report from The New York Times: General Motors said Thursday it would phase out petroleum-powered cars and trucks and sell only vehicles that have zero tailpipe emissions by 2035, a seismic shift by one of the world’s largest automakers that makes billions of dollars today from gas-guzzling pickup trucks and sport-utility vehicles. The announcement could put…
Microsoft Joins $2 Billion Deal With GM To Roll Out Self-Driving Cars
Microsoft is joining GM, Honda and others in a $2 billion investment round in Cruise to help commercialize its self-driving cars. The deal bumps Cruise’s valuation to $30 billion, from $19 billion last year. From a report: The investment is part of a broader commitment by GM and Cruise to use Microsoft’s Azure cloud-computing platform across their companies, especially as they…
GM Reveals Electric Van and Delves Into Flying Cars
General Motors unveiled a new electric van and revealed potential plans to delve into flying cars, sending its stock soaring by as much as 8.8% to $48.95 a share. CNBC reports: The EV600 electric van is scheduled to go on sale later this year through a new commercial business unit of GM’s called BrightDrop. The division is planning a full portfolio…
Due to Popular Demand, GM May Build More of Its ‘Hummer EV’ Electric Pickups
FrankOVD shares this report from CNET: The people were really into the GMC Hummer EV when the brand finally ripped the cloak off the electric pickup truck earlier this year. So much so that the Hummer EV Edition 1 trim sold out in 10 minutes. Now, GMC is reportedly thinking about building more of them due to overwhelming response. According…
Cruise Begins Driverless Testing In San Francisco
Cruise Automation, the autonomous vehicle subsidiary of GM that also has backing from SoftBank Vision Fund, Honda and T. Rowe Price & Associates, has started testing what it describes as fully driverless vehicles on public roads in San Francisco, the first milestone required to secure a permit to launch a shared, commercial service that can charge for rides. TechCrunch reports: The…
One In Six Cadillac Dealers Opt To Close Instead of Selling Electric Cars
An anonymous reader quotes a report from The Drive: General Motors knows all too well that a fully electric future is coming. As a company, GM wants to have 30 EVs for sale by 2025 and Cadillac will reportedly be leading the Detroit automaker’s electric charge in the United States. Recently, it was reported that GM told dealerships to invest in…
GM To Leverage Customer Data In New Insurance Business
General Motors has launched a new insurance service that will leverage the data captured through its OnStar connected car service, ultimately helping drivers cash in on lower insurance rates based on safe driving habits. From a report: OnStar Insurance Services has been created to achieve a better understanding of the vehicles GM produces, in order to offer a personalized digital insurance…
GM Recalling Nearly 69,000 Bolt EVs For Fire Risks
General Motors said on Friday it was recalling 68,677 electric cars worldwide that pose a fire risk after five reported fires and two minor injuries. Reuters reports: The recall is for 2017-2019 model-year Chevrolet Bolt EVs with high voltage batteries produced at LG Chem’s Ochang, Korea facility. The National Highway Traffic Safety Administration (NHTSA) last month opened a preliminary investigation into…