The automaker said it would delay new battery-powered models and shift its focus to hybrid cars, sales of which are rising fast.
Category: General Motors
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Toyota’s Hybrid-First Strategy Is Delivering Big Profits
Toyota, the world’s largest automaker, has been criticized for selling few electric vehicles, but its decision to focus on hybrids is paying off financially.
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The Apple Car is Dead, But the Innovation Behind It Lives on
The tech giant has dropped its electric vehicle project, but some of the development at the heart of the project has helped power other products and services .
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The Apple Car is Dead, But the Innovation Behind It Lives on
The tech giant has dropped its electric vehicle project, but some of the development at the heart of the project has helped power other products and services .
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Volkswagen Sees Electric Vehicles as a Way to Grow in the U.S.
It and other foreign automakers are trying to exploit upheaval caused by new technology to gain market share from their dominant rivals.
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Volkswagen Sees Electric Vehicles as a Way to Grow in the U.S.
It and other foreign automakers are trying to exploit upheaval caused by new technology to gain market share from their dominant rivals.
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For Michigan’s Economy, Electric Vehicles Are Promising and Scary
In a presidential battleground state, electric vehicles have emerged as a contested piece of the economic future — a job-killer or a job-creator.
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How Ford’s F-150 Lightning, Once in Hot Demand, Lost Its Luster
Some buyers said the electric Lightning did not meet expectations, and Ford has slashed its production plans for the pickup because sales are lagging.
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G.M. Profits Hurt by Unsold Electric Vehicles and Strike
The automaker has placed a bet on battery-powered cars, but it has struggled to produce and sell the vehicles in large numbers.
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Cruise Says Hostility Toward Regulators Led to Grounding of Its Autonomous Cars
A report by a law firm about an October crash found that executives failed to fully explain the incident, which the Justice Department is also investigating.
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General Motors Reports a 14% Jump in U.S. Auto Sales in 2023
The nation’s largest automaker sold more cars in 2023 than a year ago as supply chain chaos ended, but sales are now under pressure from rising interest rates.