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: …
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 …
