Latest General Motors Co News

GM CEO Barra says electric vehicles to be profitable by 2025

Nov. 17, 2022 19:41 PM EST

General Motors says it expects its portfolio of electric vehicles to turn a profit in North America by 2025 as it boosts battery and assembly plant capacity to build over 1 million EVs per year. CEO Mary Barra used the pledge to kick off the company’s investor day event Thursday in...

Studies find automatic braking can cut crashes over 40%

Nov. 15, 2022 12:12 PM EST

DETROIT (AP) — Two new U.S. studies show that automatic emergency braking can cut the number of rear-end automobile crashes in half, and reduce pickup truck crashes by more than 40%. The studies released Tuesday, one by a government-auto industry partnership and the other by the...

Elon Musk pay package at Tesla challenged in court

Nov. 14, 2022 18:27 PM EST

WILMINGTON, Del. (AP) — Testimony began Monday in a Delaware courtroom where a Tesla shareholder is challenging a compensation plan for CEO Elon Musk potentially worth more than $55 billion. The lawsuit alleges that the performance-based stock option grant was negotiated by a...

Today in History: November 3, Iran-Contra affair is revealed

Nov. 03, 2022 00:01 AM EDT

Today in History Today is Thursday, Nov. 3, the 307th day of 2022. There are 58 days left in the year. Today’s Highlight in History: On Nov. 3, 1986, the Iran-Contra affair came to light as Ash-Shiraa, a pro-Syrian Lebanese magazine, first broke the...

Auto prices finally begin to creep down from inflated highs

Oct. 27, 2022 21:05 PM EDT

DETROIT (AP) — All summer long, Aleen Hudson kept looking for a new minivan or SUV for her growing passenger shuttle service. She had a good credit rating and enough cash for a down payment. Yet dealerships in the Detroit area didn't have any suitable vehicles. Or they'd demand she...

Ford disbands Argo AI autonomous vehicle unit, posts loss

Oct. 26, 2022 19:21 PM EDT

DETROIT (AP) — Ford said Wednesday that it is disbanding Argo AI, an autonomous vehicle company that it co-owns with Volkswagen. Executives said they don't see a path to profitability on fully autonomous vehicles, and will now focus on partially automated driver-assist systems,...

Weber, SAP rise; JetBlue, General Electric fall

Oct. 25, 2022 16:20 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday: General Motors Co., up $1.29 to $37.01. The automaker beat analysts' third-quarter earnings forecasts and said it is seeing improved supplies of computer chips. Weber...

American consumer confidence takes a hit in October

Oct. 25, 2022 10:30 AM EDT

WASHINGTON (AP) — U.S. consumer confidence waned this month as concerns about inflation took hold after receding somewhat in recent months. The Conference Board reported Tuesday that its consumer confidence index fell to 102.5 in October, from 107.8 in September. Consumers had...

GM sidesteps economic headwinds; Q3 profit jumps nearly 37%

Oct. 25, 2022 10:19 AM EDT

DETROIT (AP) — General Motors' third-quarter net profit rose 36.6% as vehicle sales began to rebound from persistent supply chain troubles. The Detroit automaker on Tuesday reported earnings of $3.3 billion from July through September, compared with $2.42 billion a year earlier. ...

BMW investing $1.7B in S Carolina as automaker shifts to EVs

Oct. 19, 2022 13:24 PM EDT

GREER, S.C. (AP) — BMW will invest $1 billion in its sprawling factory near Spartanburg, South Carolina, to start producing electric vehicles and an additional $700 million to build a electric-battery plant nearby. The German automaker’s announcement Wednesday reflects its...