General Motors wants the U.S. Treasury to reconsider its eligibility criteria for electric vehicle (EV) tax credits available under President Joe Biden’s recently-signed Inflation Reduction Act (IRA) — reports Yahoo Finance. The news comes after the Treasury and the Internal Revenue Service (IRS) did not classify GM’s all-electric Cadillac Lyriq as an SUV, denying it federal EV […]
General Motors is “pausing” all paid advertising on Twitter after Elon Musk completed his $44 billion USD acquisition of the social network and assumed corporate control on Thursday — reports CNBC. The veteran automaker told the outlet that it will maintain a presence on the platform and continue to interact with customers as it evaluates […]
It’s no secret that Tesla is held as the gold standard for success in the electric vehicle (EV) market, both outside the automotive industry and within. Rival automakers often test and benchmark Tesla’s EVs to guide the development of their own (usually in secret, of course). Automotive publication GM Authority recently spotted General Motors Co. doing […]
Traditional automakers are moving to begin producing their first few electric vehicles (EVs), and a new partnership between two manufacturers is expected to produce millions of affordable EVs within the decade. General Motors (GM) and Honda plan to partner on the development of a line of affordable EVs starting in 2027, according to the automakers. […]
General Motors Co. on Friday announced an additional investment of $3.45 billion USD in its all-electric self-driving subsidiary, Cruise. $2.1 billion of the investment amount will go towards acquiring SoftBank Vision Fund 1’s equity ownership stake in Cruise, while the remaining $1.35 billion is going to be a direct investment in the country. “We are […]
General Motors (GM) halted production of the Chevy Bolt last year, before delaying its production start multiple times — and a new update shows the company is delaying production once again. GM is extending its production halt of the Chevy Bolt through April 4, according to Reuters. The recall, originally announced in August, applies to […]
General Motors (GM) has announced yet a second renovation project, which the company will use to create an electric vehicle (EV) hardware supply facility. GM plans to invest almost $154 million USD into its Western New York Lockport Components plant, in order to outfit the facility to produce the company’s stator modules, a key piece […]
The $106,695 USD 2024 Chevy Silverado electric truck General Motors announced for 2023 was the highlight of the veteran automaker’s CES 2022 conference, but that’s not all it had in store. GM CEO Mary Barra on Wednesday also unveiled a Chevy Equinox EV and Blazer EV for 2023 — reports Roadshow by CNet. The American […]
General Motors Co. on Wednesday announced plans to expand sales beyond the consumer level and offer electric vehicle (EV) components as well as other electrification technology to commercial and enterprise customers across industries — reports Automotive News. GM estimates that the total addressable market for electrification components could grow to $20 billion USD by 2030 […]
General Motors (GM) plans to up the ante in the overall electric vehicle (EV) market, and the company’s head believes they can upend Tesla as soon as 2025, according to new statements from the CEO. GM CEO Mary Barra said on Wednesday that the company can “absolutely” catch Tesla in U.S. EV sales by 2025, […]
Following up on General Motors’ (GM) plans to become all-electric by 2035, the company has shared plans to build a network of electric vehicle (EV) charging stations GM announced plans on Tuesday to build 40,000 EV charging stations across the U.S. and Canada, according to Reuters. The project will be funded as a piece of […]
General Motors (GM) said on Tuesday it will be reimbursed for costs associated with recalling every Chevy Bolt ever made over fire risks – offsetting billions of dollars in losses. LG Electronics has agreed to reimburse GM for recall costs on the Chevy Bolt EV, according to a press release shared on Tuesday. The agreement […]
General Motors (GM) struggled in Q3 while Tesla flourished, though the company has reportedly unveiled new plans to increase its revenue by the end of this decade. GM announced plans on Wednesday to double its annual revenue to $280 billion USD by 2030 as it develops a number of electric vehicles (EVs). The news comes […]
General Motors (GM) recalled every Chevy Bolt ever made last month, shortly thereafter halting Bolt production altogether – and the company has followed up with another fire safety request of owners of the Bolt electric vehicle (EV). GM has asked Chevy Bolt EV owners that park in decks or parking garages to park on the […]
Amidst General Motors (GM) plans to move towards zero-emission vehicles in the coming years, the company is reportedly pausing production for a short period of time due to a shortage of necessary components. GM is pausing production at most of its manufacturing facilities in North America for 1-2 weeks, due to an increasingly sparse supply […]
