Latest General Motors Co News

Senate passes bill to boost computer chip production in US

Jul. 27, 2022 16:12 PM EDT

WASHINGTON (AP) — A bill designed to encourage more semiconductor companies to build chip plants in the United States passed the Senate on Wednesday as lawmakers raced to finish work on a key priority of the Biden administration. The $280 billion measure, which awaits a House vote,...

Energy Dept. backs $2.5B loan to GM venture for EV batteries

Jul. 26, 2022 12:51 PM EDT

WASHINGTON (AP) — A joint venture between General Motors and South Korean battery company LG Energy Solution is set to receive a $2.5 billion loan from the Energy Department to build battery cell factories for electric vehicles in three states. The Energy Department said it has...

Hobbled by chip, other shortages, GM profit slides 40% in Q2

Jul. 26, 2022 11:06 AM EDT

DETROIT (AP) — General Motors' second-quarter net income fell 40% from a year ago as computer chip and parts shortages hobbled factory output and drove the company's U.S. sales down more than 15%. The Detroit automaker earned $1.67 billion from April through June, in part because...

Automakers targeting average households with new crop of EVs

Jul. 19, 2022 13:35 PM EDT

WARREN, Mich. (AP) — In their first rollouts of electric vehicles, America's automakers targeted people who value short-range economy cars. Then came EVs for luxury buyers and drivers of pickups and delivery vans. Now, the companies are zeroing in at the heart of the U.S. auto...

GM CEO Barra says headquarters to stay in downtown Detroit

Jul. 18, 2022 17:26 PM EDT

NEW YORK (AP) — General Motors will keep its headquarters in its seven-building office tower complex in downtown Detroit, its CEO says. Mary Barra, in an interview with The Associated Press, said the automaker's main office will remain in the Renaissance Center, the centerpiece of...

The AP Interview: GM's Barra talks electric vehicles, future

Jul. 18, 2022 14:09 PM EDT

NEW YORK (AP) — The economy is a bit wobbly, but General Motors CEO Mary Barra isn't backing off of an audacious prediction: By the middle of this decade, her company will sell more electric vehicles in the U.S. than Tesla, the global sales leader. To fulfill that pledge in as...

GM, partners to build 500 electric vehicle charging stations

Jul. 14, 2022 08:57 AM EDT

DETROIT (AP) — A major automaker, large truck stop chain and an electric vehicle charging company are proposing a network that would put charging plugs at 50-mile intervals along U.S. highways. General Motors, Pilot Travel Centers and EVgo said Thursday they will build 2,000...

Micron, Kohl's fall; NextEra, Teleflex rise

Jul. 01, 2022 16:41 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday: Kohl's Corp., down $7.01 to $28.68. The department store operator ended talks to be acquired by Franchise Group. Micron Technology Inc., down $1.63 to $53.65. ...

Chip shortage keeps driving up auto prices, cutting sales

Jul. 01, 2022 16:26 PM EDT

DETROIT (AP) — U.S. new vehicle sales tumbled more than 21% in the second quarter compared with a year ago as the global semiconductor shortage continued to cause production problems for the industry. Yet demand still outstripped supply from April through June, even with $5 per...

Chip shortage leaves 95K GM vehicles unfinished in storage

Jul. 01, 2022 10:58 AM EDT

DETROIT (AP) — The global shortage of computer chips and other parts forced General Motors to build 95,000 vehicles without certain components during the second quarter. The Detroit automaker said in a regulatory filing Friday that most of the incomplete vehicles were built in...