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General Motors Cuts Funding to Cruise, Nixing Its Robotaxi Plan
54 years, 11 months ago

General Motors Cuts Funding to Cruise, Nixing Its Robotaxi Plan

Wired  

Since General Motors acquired the San Francisco self-driving-tech developer Cruise in 2016, the Detroit automaker has poured more than $8 billion into creating a robotaxi service. On a call with investors today, General Motors CEO Mary Barra said the company would no longer invest in Cruise and its robotaxi services. In a statement emailed to WIRED, Cruise CEO Marc Whitten …

San Francisco Company Vehicle Cruise Robotaxi Barra General Motors
CEO Barra backs GM’s push for autonomous vehicles
7 months ago

CEO Barra backs GM’s push for autonomous vehicles

Live Mint  

May 23 - General Motors' CEO Mary Barra backed the Detroit automaker's efforts towards building autonomous vehicles at a Detroit Economic Club event on Thursday. WHY IT'S IMPORTANT Barra's comments come at a time when companies involved in autonomous driving technology are pushing for new feature-packed cars that are expected to be safer than human-driven ones. KEY QUOTES On AI: …

Barra
Sky-high CEO pay is in focus as workers everywhere are demanding higher wages
1 year, 3 months ago

Sky-high CEO pay is in focus as workers everywhere are demanding higher wages

NPR  

Sky-high CEO pay is in focus as workers everywhere are demanding higher wages Enlarge this image toggle caption Pablo Martinez Monsivais/AP Pablo Martinez Monsivais/AP For the latested on the UAW strike, follow NPR's digital live coverage. It's at the core of the United Auto Workers' messaging, as the union pushes for substantial pay raises for its roughly 150,000 members, who …

Workers Pay Wage Ceo Worker Ceos Stellantis
GM’s electric vehicles will gain access to Tesla’s vast charging network
1 year, 6 months ago

GM’s electric vehicles will gain access to Tesla’s vast charging network

Associated Press  

DETROIT — Electric vehicles made by General Motors will be able to use much of Tesla’s extensive charging network beginning early next year. Their discussion comes two weeks after Ford CEO Jim Farley joined Musk to announce that Ford’s electric vehicles would gain access to much of Tesla’s EV-charging network, the largest in the nation. “The most important thing is …

Access Tesla Vehicles Network Electric Vehicles Owners Ford
GM reaches computer chip supply deal with GlobalFoundries
1 year, 10 months ago

GM reaches computer chip supply deal with GlobalFoundries

Associated Press  

DETROIT — With the global shortage of semiconductors still crimping U.S auto production, General Motors has signed a deal with chipmaker GlobalFoundries to dedicate part of an upstate New York factory to supply the automaker. In a joint statement from the companies Thursday, Malta, New York-based GlobalFoundries said it will expand production capacity inside its Malta plant exclusively for GM’s …

Supply Auto Company New York Chip Barra Chips
Former GM workers in India sue company, CEO Barra for unpaid dues: Report
1 year, 11 months ago

Former GM workers in India sue company, CEO Barra for unpaid dues: Report

Hindustan Times  

A union in India has sued General Motors' local unit and its global CEO for failing to pay court-ordered compensation to sacked factory workers, deepening the U.S. automaker's struggles to exit the country years after it shuttered local operations. A GM spokesperson said the company remains "very confident" of its legal position General Motors stopped selling cars in India in …

India Court Workers Union Company Motor General Motors
Workers at GM joint venture battery plant vote to join UAW
2 years ago

Workers at GM joint venture battery plant vote to join UAW

Associated Press  

DETROIT — Workers at a General Motors joint venture electric vehicle battery factory in Ohio have voted to join the United Auto Workers union. “The vote shows that they want to be part of maintaining the high standards and wages that UAW members have built in the auto industry,” union President Ray Curry said in a statement. The union will …

Battery Workers Union Detroit Ohio Plant Warren
GM CEO Barra says electric vehicles to be profitable by 2025
2 years, 1 month ago

GM CEO Barra says electric vehicles to be profitable by 2025

Associated Press  

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. As for the new vehicles, GM will roll out an all-electric version of the Chevrolet Corvette next year, President Mark Reuss said. For electric vehicles …

Tesla Electric Vehicles Suv Reuss Jacobson Barra Chevrolet Electric
GM sidesteps economic headwinds; Q3 profit jumps nearly 37%
2 years, 1 month ago

GM sidesteps economic headwinds; Q3 profit jumps nearly 37%

Associated Press  

DETROIT — General Motors’ third-quarter net profit rose 36.6% as vehicle sales began to rebound from persistent supply chain troubles. Chief Financial Officer Paul Jacobson said the company isn’t seeing any sign that demand for new vehicles is slowing despite higher interest rates and inflation. Auto prices, he said, may have to drop “as consumers become more focused on their …

Company Billion Million Other Parts Jacobson Barra Chips
GM sets to double revenue, lead US in electric vehicle sales
3 years, 2 months ago

GM sets to double revenue, lead US in electric vehicle sales

Associated Press  

WARREN, Mich. — General Motors plans to cash in as the world switches from combustion engines to battery power, promising to double its annual revenue by 2030 with an array of new electric vehicles, profitable gas-powered cars and trucks, and services such as an electronic driving system that can handle most tasks on the road. The company also teased upcoming …

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