Category: General Motors

Ford and G.M. Face a Dilemma as China Excels in Electric Vehicles

The New York Times – Business:
General Motors, Ford and other established automakers risk becoming relics if they don’t catch up to Chinese carmakers and technology companies in electric vehicles and self-driving cars.
Tesla’s Model S, Soon to Be History, Changed the Auto Industry

The company’s chief executive, Elon Musk, said this week that it would stop making the car, an electric pioneer in 2012, as well as the Model X.
G.M. Shares Rise as Investors Are Encouraged by 2026 Prospects

The automaker said that it would buy back stock worth up to $6 billion and that it expected profit to rise this year after it pulled back from electric vehicle production.
U.S. Automakers’ Foreign Troubles Now Extend to Canada

U.S. trade policy has devastated the Canadian auto industry and pushed the country to reach an agreement that will make it easier for Chinese companies to sell cars there.
Volkswagen Suffers More Than Rivals From Auto Industry Woes

The German automaker’s sales in the United States plunged last year, hit by tariffs and the end of tax credits for electric vehicles.
G.M. Books a $7.1 Billion Loss as It Scales Back E.V. Ambitions

General Motors said it was writing down the value of battery and electric vehicle factories after changes in federal policy undercut demand.
New Car Sales Are Rising Thanks to Purchases by the Well-Off

A larger proportion of new cars are being bought by affluent Americans as prices and interest rates for auto loans climb, analysts said.
Before Electric Vehicles Became Political, There Was the Toyota Prius

The political polarization of battery-powered cars may have started when Toyota released its first hybrid model 25 years ago.
An Auto Holy Grail: Motors That Don’t Rely on Chinese Rare Earths

Weary of being captive to geopolitics, car companies are looking for ways to replace powerful rare-earth magnets in electric motors.
The Luxury Electric Vehicle Is in Trouble

Sales of expensive battery-powered cars like the Ford F-150 Lightning have stalled, forcing automakers to slow production and offer more affordable vehicles.
DealBook Summit 2025: David Ellison, Scott Bessent, Erika Kirk and More

The conference on Dec. 3 will bring together the biggest names in business, politics and culture.
G.M. Will Cut 1,750 Jobs in Electric Vehicle Business

The layoffs at factories in Michigan, Ohio and Tennessee follow the elimination of a $7,500 federal tax credit for electric cars.