Mary Barra
EV battery plants emerge as wild card issue in UAW contract talks
General Motors revealed its all-new modular platform and battery system, Ultium, on March 4, 2020 at its Tech Center campus in Warren, Michigan. Photo by Steve Fecht for General Motors DETROIT – In already-contentious labor talks between the United Auto Workers union and major automakers, there’s a wild-card issue hanging over the discussions. Multibillion-dollar EV […]
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EV sales: Hyundai overtakes GM, but Tesla’s U.S. dominance continues
A Tesla Model Y is seen on a Tesla car lot on May 31, 2023 in Austin, Texas. Tesla’s Model Y has become the world’s best selling car in the first quarter of 2023. Brandon Bell | Getty Images DETROIT – Legacy automakers continue to promise big increases in production and sales of battery-electric vehicles, […]
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Tesla is considerably and away the most overbought stock on Wall Street. Right here are the other people
Tesla arrived out on top rated as the most overbought stock this 7 days. One particular greatly used metric referred to as the “relative power index” confirmed traders this 7 days piled into the electric powered vehicle maker. The gauge allows buyers evaluate the velocity and magnitude of recent price moves , indicating probable overbought […]
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GM CEO Mary Barra says Tesla charging deal will save the automaker up to $400 million
DETROIT – General Motors CEO Mary Barra said a charging deal with Tesla announced Thursday will save the automaker up to $400 million of a planned investment in building out EV charging in the U.S. and Canada. GM said in October 2021 it planned to spend $750 million on electric vehicle charging infrastructure in the […]
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GM to use Tesla charging network, joining Ford in leveraging the EV leader’s tech
TESLA logo on a charging station on May 26, 2023. Harry Langer | Defodi Images | Getty Images DETROIT — General Motors will follow crosstown rival Ford Motor in partnering with Tesla to use the electric vehicle leader’s North American charging network and technologies. Under the deal, GM vehicles will be able to access 12,000 […]
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GM hires ex-Apple exec to lead new software unit
A sign with the General Motors quality mission statement stands in the lobby at the GM Warren Tech Center in Warren, Michigan. Rebecca Cook | Reuters DETROIT – General Motors has hired former Apple executive Mike Abbott to lead a newly created software unit for the Detroit automaker. Abbott, former vice president of engineering for […]
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Why GM is killing the Chevy Bolt — America’s cheapest EV — amid record sales
A Chevrolet Bolt EUV on display at the New York Auto Show, April 13, 2022. Scott Mlyn | CNBC DETROIT — After years of lackluster performance and a fire-provoked recall, the all-electric Chevrolet Bolt EV was finally gaining traction for General Motors. As America’s cheapest EV following significant price cuts, U.S. sales of the Chevy […]
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GM raised guidance, but its stock fell. Why Wall Street isn’t buying in
Mary Barra, chief executive officer of General Motors Co., during the South by Southwest (SXSW) festival in Austin, Texas, US, on Tuesday, March 14, 2023. Jordan Vonderhaar | Bloomberg | Getty Images DETROIT – When a company beats Wall Street’s earnings expectations and raises guidance amid recessionary fears and other economic concerns, you would expect […]
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GM to end production of electric Chevy Bolt, its first mass-market EV, later this year
UAW Local 5960 member Kimberly Fuhr inspects a Chevrolet Bolt EV during vehicle production on May 6, 2021, at the General Motors Orion Assembly Plant in Orion Township, Michigan. Steve Fecht for Chevrolet DETROIT – General Motors plans to end production of its electric Chevrolet Bolt models by the end of this year, CEO Mary […]
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GM says 5,000 salaried workers will take buyouts, expects $1 billion charge in first quarter
A GMC pickup truck is displayed for sale on a lot at a General Motors dealership on January 05, 2023 in Austin, Texas. Brandon Bell | Getty Images DETROIT – About 5,000 white-collar workers at General Motors opted to participate in a buyout program that was announced last month to lower the automaker’s global head […]
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