General Motors’ decision to halt its robotaxi program, Cruise, after a publicized accident and mounting competition, signals a major shift in the autonomous vehicle landscape. This move, impacting Honda’s plans and leaving Waymo as a dominant player, highlights the challenges of scaling robotaxi operations and the financial implications for automakers.
General Motors (GM) announced it’s ending standalone funding for its Cruise robotaxi subsidiary, opting instead for full integration into its technical teams. This decision, met with criticism from Cruise co-founder Kyle Vogt, comes as the autonomous vehicle market intensifies and Cruise faces setbacks, including a San Francisco accident and regulatory scrutiny. GM aims to cut costs and focus on its Super Cruise driver-assistance technology.
General Motors (GM) is reportedly on the verge of joining Formula 1 in 2026, potentially revolutionizing American involvement in the sport. This follows a rejected bid by Andretti Global, which now gains momentum with GM’s backing. The move could significantly impact the existing teams and the distribution of prize money.
General Motors (GM) is shifting gears in its production strategy. The company will end production of the Cadillac XT4 SUV at its Fairfax Assembly plant in Kansas in January 2025, transitioning the facility to produce the next generation of Chevrolet Bolt EVs. This move marks a significant step in GM’s commitment to electric vehicles, aiming to boost its EV sales and compete with Tesla’s dominance in the market.
General Motors (GM) is recalling 107 Bolt electric vehicles due to potential fire hazards. The recall affects certain 2020-2022 Chevrolet Bolt EV and 2022 Bolt EUV models. The issue stems from a software installation error that could lead to battery fires when the vehicle is charged to full capacity. GM advises owners to take precautions until the software is correctly installed.
General Motors has reached a significant milestone in its electric vehicle journey, surpassing 300,000 EV sales in the US. However, Tesla remains the undisputed leader in the EV market, having sold over 471,000 EVs in the US through the third quarter of 2023. Despite this, GM is making strides with its expanding EV lineup and plans to significantly increase production in the coming years.
General Motors (GM) has surpassed Ford Motor Co. (F) as the second-largest electric vehicle (EV) seller in the US after Tesla Inc., showcasing a strong commitment to its EV portfolio and optimistic outlook for the future. GM’s CEO Mary Barra highlights the company’s efforts in dealer outreach and training to bolster EV sales, while the company’s CFO Paul A Jacobson emphasizes the positive financial performance of the EV division.
General Motors’ autonomous driving unit, Cruise, is aiming for a return to driverless vehicle operations by the end of the year, according to CEO Mary Barra. This comes after a suspension of operations following an accident in San Francisco and heightened regulatory scrutiny. Cruise is currently focusing on improving its technology and cost structure, while exploring partnerships to optimize investment in the autonomous driving division.
General Motors is set to report its third-quarter earnings on Tuesday, with analysts expecting strong revenue and earnings growth. The company is likely to highlight its progress in electric vehicle production, with EV sales hitting record highs in the third quarter. Key areas to watch include the company’s strategy for China, upcoming EV models, and the impact of inventory build-up.
General Motors is stepping up its game in the energy storage market with the launch of PowerBank, a home battery system that can power homes during outages, store solar energy, and even supplement EV charging. This move comes as automakers increasingly focus on energy savings and integration with electric vehicles, solar power, and the grid.
