General Motors Co
Amazon loses two Black executives, including one on leadership team
Jeff Kowalsky/Bloomberg via Getty Images Amazon is losing two top executives who lead warehouses and transportation. Alicia Boler-Davis, senior vice president of global customer fulfillment and a member of the company’s leadership team, and David Bozeman, VP of Amazon Transportation Services, are departing the company, according to people familiar with the matter. Both were among […]
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How GM, Ford and Tesla are tackling the national EV charging challenge
More people than ever are buying electric vehicles. There are about 2 million EVs on the road in the U.S., up six-fold since 2016, but the number of EVs is still a very small slice of the more than 280 million vehicles in operation. Some factors, such as upfront cost and battery range, are largely […]
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Inflation and recession fears are squeezing some industries more than others
A woman pushes a shopping cart through the grocery aisle at Target in Annapolis, Maryland, on May 16, 2022, as Americans brace for summer sticker shock as inflation continues to grow. Jim Watson | AFP | Getty Images People still appear willing to shell out to travel, go to the movies and have a drink […]
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How the massive EV transition is starting in the car rental industry
Tesla Model 3 electric vehicles at a Hertz airport location. Photo by E.R. Davidson Not long after Hertz Global Holdings emerged from bankruptcy last summer, reorganized after the Covid-19 pandemic stalled the entire car rental industry, the Estero, Florida-based company boldly announced a $4.2 billion deal to purchase 100,000 Tesla fully electric vehicles (EVs) by […]
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GM is raising the price of its electric Hummer starting this weekend
GMC Hummer EV Edition 1 Michael Wayland | CNBC GM said Friday that it is increasing the price of its electric Hummer by $6,250, effective Saturday. The company blamed higher prices for parts, technology and logistics. All reservations placed before Saturday are exempt from the increase, the company said. The Hummer EV pickup truck currently […]
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GM investing $81M to hand build ultra-exclusive Cadillac Celestiq electric cars
Front driver’s side view of the Celestiq show car, which GM is expected to unveil in late-July. GM DETROIT – General Motors on Wednesday said it is investing $81 million at its global design and technology campus in suburban Detroit to hand build the upcoming Cadillac Celestiq – a new electric flagship car for the […]
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U.S. safety agency says Tesla accounts for most driver-assist crashes, but warns data lacks context
The NTSB released this image of a 2021 Tesla Model 3 Long Range Dual Motor electric car that was involved in a fatal accident near Miami that killed two people on Sept. 13, 2021. NTSB Tesla vehicles have accounted for nearly 70% of reported crashes involving advanced driver-assist systems since last June, according to federal figures […]
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Most factories in Shanghai resume work as Covid controls ease, ministry says
German automaker Volkswagen is one of state-owned automaker SAIC’s foreign partners in China. Pictured here on June 7, 2022, is the joint venture’s factory in Shanghai. Qilai Shen | Bloomberg | Getty Images BEIJING — Factories in two of China’s Covid-hit economic hubs have mostly resumed work as the impact of the virus subsides, according […]
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BYD is selling so many electric cars it’s become one of the top three automakers in China
One of BYD’s bestselling electric car models, the Han, is on display during an auto show in Shenzhen on June 5, 2022. Anadolu Agency | Anadolu Agency | Getty Images BEIJING — Chinese electric car maker BYD saw sales more than double in May, solidifying the company’s climb into the ranks of the top three […]
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GM’s stock closes below IPO price for first time since October 2020
Mary Barra, Chair and CEO of the General Motors Company (GM), speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. Patrick T. Fallon | AFP | Getty Images DETROIT – Shares of General Motors on Monday closed below the post-bankrupt automaker’s $33 initial public offering price for the first […]
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