Category: General Motors

Tesla Sales Jumped in the First Quarter

The New York Times – Business:
The electric car company’s decision to slash prices appears to have paid off in reviving demand.
New Rules Will Make Many Electric Cars Ineligible for Tax Credits

The New York Times – Business:
The Biden administration hopes its guidelines for up to $7,500 in tax credits will encourage automakers to reduce their reliance on China for batteries and raw materials.
United Auto Workers Usher In New Era of Leadership

The New York Times – Business:
Shawn Fain, who ousted the incumbent president, is presiding over a convention to chart the union’s approach in contract talks this year.
President Is Ousted in United Auto Workers Election

The New York Times – Business:
Shawn Fain, an insurgent, edged Ray Curry after calling for a harder line in contract talks. The union has been dogged by corruption scandals.
LG Will Spend $5.5 Billion on a Battery Factory in Arizona

The New York Times – Business:
Investment plans for U.S. battery production have increased since President Biden signed a law that offers generous incentives for electric cars and green energy.
Falling Lithium Prices Are Making Electric Cars More Affordable

The New York Times – Business:
An unexpected decline in the price of an essential battery material, along with those of other commodities, is good news for buyers. But experts disagree on how long low prices will last.
Carmakers Are Pushing Autonomous Tech. This Engineer Wants Limits.

The New York Times – Business:
Missy Cummings, who spent more than a year at the federal auto safety agency, said that drivers were putting too much trust in systems like Tesla’s Autopilot and that regulators needed to restrict their use.
Beyond Silicon Valley, Spending on Technology Is Resilient

The New York Times – Business:
Despite an uncertain outlook, corporations plan to continue investing in their digital projects — a source of stability for the economy.
Electric Vehicles Could Match Gasoline Cars on Price This Year

The New York Times – Business:
Competition, government incentives and falling raw material prices are making battery-powered cars more affordable sooner than expected.
General Motors Reaches Deal to Ensure Its Chip Supply

The New York Times – Business:
The semiconductor maker GlobalFoundries will dedicate part of its output to G.M. as the automaker offers more electric vehicles and driver-assistance systems.
GM Posts Solid Profit as It Pushes to Take On Tesla in EVs

The New York Times – Business:
Aiming to make a million electric vehicles a year by 2025, General Motors is investing in a Nevada lithium mine to help with battery production.
Auto Sales Likely Fell in 2022 Because of Supply Chain Chaos

The New York Times – Business:
Automakers have been hampered by the supply of semiconductors and higher interest rates.