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BIZARRE: 9 | Mind Blowing Facts

GM offers US employees voluntary separation program

DETROIT — To achieve $2 billion in cost savings, General Motors Co. is offering a voluntary separation program to its employees, the automaker confirmed Thursday.

Tribune News Service

GM cutting executive, white-collar jobs

A month after CEO Mary Barra said General Motors Co. was "not planning layoffs," the Detroit automaker is cutting a small number of executive-level and salaried jobs, The Detroit News has confirmed.

Tribune News Service

GM's Mary Barra among 2023 Automotive Hall of Fame inductees

The 2023 inductees into the Automotive Hall of Fame include the first female CEO of an automaker, a legendary race car driver and a trailblazing African American automotive designer.

Tribune News Service

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Tesla slashed its prices across the board. We're now starting to see the consequences

Tesla's recent price cuts continue to reverberate, forcing Ford to follow suit while leaving Tesla owners feeling aggrieved. Here's how the move by the market leader has shaken the car industry.

WEKU

GM Posts Record Earnings In 2022, Plans $2B In Cost Cuts By 2024

The CFO is clear that layoffs are not part of the cost-cutting strategy.

Motor1

GM And Lithium Americas Strike $650 Million Investment Agreement

As GM moves forward with a full portfolio of EVs to overtake Tesla, it has secured a major domestic stake in lithium for its batteries.

InsideEVs

Inflation won’t stop 2023 auto sales growth amid chip recovery

U.S. auto sales likely rose in December and will rebound in the new year as a recovery in vehicle production will more than offset the effects of inflation and rising interest rates.

Tribune News Service

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The No. 1 Stock on Wall Street to Watch This December

General Motors Company (GM) posted a strong bottom line despite rising raw material prices and supply chain issues. The company intends to capitalize on the growing EV demand by rapidly growing its EV portfolio. Given its plans to expand its EV offerings, the stock could be worth adding to your…

StockNews.com

GM CEO, Brands Stopped Tweeting After Elon Musk Took Over

Meanwhile, Volkswagen Group brands have halted all paid activities on Twitter until further notice, with Audi taking the extra step to stop organic activities.

InsideEVs

General Motors Will Stick With Internal Combustion Engines Amid EV Expansion

The automaker won't abandon the traditional vehicle segments.

Motor1

GM CEO Barra says electric vehicles to be profitable by 2025

General Motors expects its portfolio of electric vehicles to turn a profit in North America by 2025

The Independent UK

Buy an EV now or later? The tax credit rules are about to change

DETROIT — Consumers who can find an electric vehicle or plug-in hybrid that qualifies for the $7,500 tax credit now may want to snap it up before the end of the year, experts say, while others wanting to purchase EVs that aren't eligible might be better off waiting until 2023.

Tribune News Service

GM EVs Will Qualify For Full $7,500 Tax Credit In 2-3 Years: CEO

"Out of the gate, we're going to be eligible for the $3,750," Mary Barra said, adding that it will take 2-3 years for GM EVs to qualify for the full $7,500.

InsideEVs

GM Pushes Back North America Production Plan Of 400,000 EVs To 2024

During GM's Q3 2022 earnings call, CEO Mary Barra said the 400,000 EV production goal has been pushed back to H1 2024, which is a delay of up to six months.

InsideEVs

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Benzinga

Watch Out Tesla: Here's How Many Electric Vehicles General Motors Sold In The Third Quarter

Automaker General Motors Company (NYSE: GM) reported third-quarter financial results before the market open Tuesday.

Benzinga

General Motors 'Marching Towards An Electric Future': Former Tesla Executive Joins Company

The battle between electric vehicle leader Tesla Inc (NASDAQ: TSLA) and other traditional gas-powered traditional automakers is expected to heat up in coming years. Now, a former Tesla executive has jumped on board with a future rival.

The Guardian - US

Biden talks up electric vehicle revolution – but is America ready to give up gas?

President appears at Detroit auto show, where EVs are this year’s stars – but the road to electrification promises to be a bumpy one

Tribune News Service

'I like the Corvette': Biden tours Detroit auto show ahead of speech on EV transition

President Joe Biden test drove an all-electric Cadillac SUV and slid into the front seat of a new Corvette as part of a mid-day tour Wednesday of Detroit's resurrected auto show ahead of an afternoon speech on the auto industry's transition to electric vehicles.

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Tribune News Service

Biden touts 35-state EV charger network at Detroit auto show

Benzinga

Bulls and Bears Of The Week: Disney, Amazon, Uber, Apple And Why Netflix Is Facing A Defamation Suit

Benzinga has examined the prospects for many investors' favorite stocks over the past week, here's a look at some of our top stories.

Benzinga

Did General Motors CEO Mary Barra Tap The Brakes On Plan To Pass Tesla In EVs By 2025?

General Motors Company (NYSE: GM) CEO Mary Barra recently discussed the current standing of the automotive industry and touched on the company's transition to electric vehicles; but what may be even more important is what she didn't say.

InsideEVs

GM CEO Barra Talks EV Future, Doesn't Reiterate Being No. 1 By 2025

GM's Mary Barra has been adamant about the automaker beating Tesla and becoming the EV leader by 2025. However, she didn't reiterate that in a recent interview.

Tribune News Service

GM, citing 'consistently strong earnings,' to reinstate dividend, resume stock buybacks

General Motors Co. is reinstating its quarterly dividend for shareholders after suspending it in April 2020 in response to the coronavirus pandemic, the Detroit automaker said Friday.

The Guardian - US

How a top US business lobby promised climate action – but worked to block efforts

Business Roundtable aims to weaken efforts that would enable investors to hold companies accountable for their climate promises

InsideEVs

General Motors' Fleet Customers Ordering Chevrolet Silverado EV

GM recently announced that it has 150,000 orders for the upcoming Silverado EV. Now, fleet customers are requesting an average of over 200 units each.

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