Honda and General Motors (GM) have collaborated through an $85 million investment to develop hydrogen-powered cars as an alternative to electric vehicles (EVs). This partnership has led to the creation of a state-of-the-art facility in Michigan called Fuel Cell System Manufacturing (FCSM). The primary goal is to engage in large-scale production of hydrogen fuel cells … Read more
Cruise’s driverless car hit pedestrian, under investigation. Connectivity issues hindered video submission to regulators. California DMV suspended Cruise, citing withheld video. In a recent incident, a driverless car operated by Cruise, General Motors’ self-driving car subsidiary, collided with a pedestrian and dragged her for 20 feet, raising concerns about the safety of autonomous vehicles. The … Read more
Ford & union agree to record pay rise in the tentative agreement. The tentative contract still requires approval from union leaders. The union secured the right to strike in response to potential Ford plant closures. Ford and the United Auto Workers (UAW) union have reached a preliminary deal, featuring a record-breaking pay increase, to bring … Read more
Tesla reported record production and deliveries for the fourth quarter. It failed Wall Street’s expectations due to slower demand. Tesla’s fourth-quarter deliveries fell approximately 34,000 vehicles short of production. Tesla Inc (TSLA.O) reported record production and deliveries of electric vehicles for the fourth quarter on Monday, but it failed Wall Street’s expectations due to logistics … Read more
The National Highway Traffic Safety Administration has opened a special investigation into the incident. A Cruise vehicle in driverless mode was involved in a crash on June 3 in San Francisco. The agency did not identify the specific crash, but it involved a Cruise vehicle and a Toyota Prius. The National Highway Traffic Safety Administration … Read more
General Motors’ manufacturing impacted by supply chain issues. Company anticipates being able to complete and sell the vehicles by the end of the year. Full-year outlook for net profits between $9.6 billion and $11.2 billion. GM also revealed a 15% decline in second-quarter sales compared to the same period in 2021. On Friday, General Motors’ … Read more
General Motors raises the price of its Hummer EV pickup truck by $6,250 to $110,000. The increase comes as it seeks to mitigate higher commodity and shipping costs amid high demand for cars and trucks. The company has been able to offset $5 billion in higher supply chain costs by raising prices and cutting expenses, … Read more
The CEOs of General Motors, Ford, Stellantis, and Toyota North America have urged Congress to remove a sales cap on the federal government’s $7,500 electric vehicle tax credit. The CEOs argue that credit is crucial for vehicle affordability in the face of rising manufacturing and commodity costs. To date, GM and Tesla are the only … Read more
General Motors shares fell below the automaker’s post-bankruptcy IPO price of $33 on Monday for the first time since October 2020. GM’s stock closed Monday at $32.28 per share, a 7.8 percent decrease. GM’s stock has dropped over 45 percent this year. DETROIT: General Motors shares fell below the automaker’s post-bankruptcy IPO price of $33 … Read more
Cruise, General Motors’ majority-owned autonomous vehicle unit, revealed on Thursday It had received final licences to run a commercial robotaxi service in San Francisco. After the California DMV approved autonomous vehicle deployments by Cruise and Alphabet’s Waymo. The California Public Utilities Commission gave Cruise its permission. Cruise, a General Motors-owned autonomous vehicle business, announced on … Read more
Trademark Chevrolet Chevelle returns with a new look General Motors recharged its brand name on the Chevelle nameplate in 2013, proposing a reboot of the exemplary Chevrolet muscle vehicle was getting looked at. From that point forward, it’s restored a few memorable model names including Hummer and Blazer, yet you actually haven’t had the option … Read more
South Korean automaker Hyundai will build a $five.Five billion electric powered vehicle and battery plant in the southern US nation of Georgia, its governor announced Friday, as President Joe Biden pursued his experience to Seoul. Brian Kemp made the declaration along with Hyundai Motor Company president Jay Chang on the destiny factory website online close … Read more
DETROIT: Amid posting a lower net profit and margin than a year earlier, General Motors (GM) confirmed its profitability estimates for 2022, despite growing costs and supply chain instability. Here’s how General Motors fared against Wall Street’s expectations Adjusted EPS: $2.09 vs $1.68, as per Refinitiv consensus estimates Revenue: $35.98 billion vs $37.01 billion, as … Read more
A cop in San Francisco recently encountered an unexpected dilemma when he stopped a car driving at night without headlights, only to discover there was no one inside. The vehicle turned out to be a self-driving car, and the meeting between the police officer and the self-driving car was taken on film by a passerby … Read more
AS VEGAS: Electronics giant Sony unveiled Tuesday a new prototype of its Vision-S electric vehicle and announced the founding of a company to explore jumping into the rapidly growing market. The Japanese firm, better known for its TVs and video game consoles, will create the Sony Mobility subsidiary in spring 2022 as it weighs entering … Read more
WASHINGTON – Several major companies as of Wednesday have cancelled or will limit their attendance to the 2022 Consumer Electronics Show (CES) — the tech industry’s annual mass-gathering in Las Vegas — due to Covid-19 variant Omicron’s rapid spread. The popular four-day conference, which had planned for a grand return next month, is still scheduled … Read more
RIYADH: US automotive company General Motors plans to invest $35 billion on manufacturing a new portfolio of electric cars using battery platform Ultium, Arab News quoted the company’s president as saying. General Motors will introduce 30 new electric cars by 2025, Steven Kiefer told Al Arabiya, adding that many of the new vehicles aim to cater to the … Read more
Yet another automaker backed out from President Trump’s efforts to overturn California’s ability to set fuel efficiency rules. Nissan said it was joining General Motors in abandoning the group of car companies that were previously supporting Trump’s efforts. GM made an announcement on 23rd November saying it will leave the group of automakers which include … Read more
United States President Donald Trump has issued an order that seeks to force General Motors to produce ventilators for coronavirus patients under the Defense Production Act. United States President Donald Trump said negotiations with General Motors had been productive, “but our fight against the virus is too urgent to allow the give-and-take of the contracting … Read more
While Wall Street continued to ogle Tesla´s skyrocketing valuation Wednesday, shares of Ford and General Motors (GM) were under pressure after reporting fourth-quarter losses. Ford also closed plants in Europe and South America and GM has struggled to completely shake the effects of a 40-day strike last year that effectively shut down its US operation. … Read more
