Category: General Motors

U.S. Car Brands Will Benefit Most From Electric Vehicle Tax Breaks

Rules that take effect on Tuesday will limit the $7,500 credits to electric cars made domestically with minerals from the U.S. or trade allies.
Automakers Face Test in Reaching U.S. Target for Electric Vehicles

New federal rules are expected to speed the transition to E.V.s, a shift that car companies have embraced but will be challenged to carry out.
In Ohio, Electric Cars Are Starting to Reshape Jobs and Companies

The state, heavily dependent on the auto industry, is a case study in whether electric vehicles will create or destroy jobs.
End of the Gas-Engine Camaro Opens a New Door for Muscle Cars

G.M. is ending production of the classic American sports car, but executives say an electric version is likely. Corvette is already planning one.
General Motors Reports 18% Rise in Quarterly Sales

The New York Times – Business:
G.M. cited improvements in component supplies and robust demand even in the face of higher interest rates.
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.