Automotive giant General Motors (GM) announced on Tuesday that it will pull the plug on its Cruise robotaxi program.
The company said it won’t longer be involved in the robotaxi business due to “the considerable time and resources that would be needed to scale the...
Automaker General Motors (GM) is reportedly terminating jobs for 1,000 workers as part of the company’s cost-cutting and reorganization efforts.
GM notified the affected employees on Friday, with around half of them previously holding positions at the automaker’s global technical center in Warren, Michigan.
The company...
Automaker General Motors (GM) reported strong third-quarter earnings on the back of steady demand for its gasoline-powered cars. The company also raised its full-year guidance for the third time in 2024.
GM’s adjusted earnings per share in Q3 came at $2.96, while analysts expected $2.43....
U.S. car stocks have fallen on Wednesday following a sweeping downgrade by Morgan Stanley analysts. The downgrades included the stock of legacy car makers Ford Motors and General Motors (GM), as well as electric vehicle manufacturer Rivian Automotive.
According to Morgan Stanley, the U.S. auto...
American carmaker General Motors (GM) and South Korean electronics giant Samsung SDI have finalized their agreement to build an electronic vehicle battery factory in Indiana.
The partnership, which was originally announced in 2023, will see GM and Samsung invest $3.5 billion in constructing a manufacturing...
Automaker General Motors (GM) will slash its workforce by more than 1,000 employees, according to multiple reports. The job cuts will primarily be focused on the company’s Software and Services division.
The layoffs are reportedly not part of the company’s cost-cutting strategy. Instead, the decision...