Category: General Motors

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.
G.M. Previews Talking Cars, Cheaper Batteries and Other New Tech

Drivers will be able to converse with an artificial intelligence assistant while cars largely drive themselves in certain situations, the company said.
G.M. to Stop Making Electric Vans in Canada Amid Trump Tariffs

The announcement, which will eliminate about 1,200 jobs, came less than a week after the carmaker Stellantis said it would move production of a new vehicle to Illinois from a Toronto suburb.
G.M.’s Profit Falls on Tariffs and E.V. Costs

The automaker’s shares jumped as investors focused on an upgraded forecast for some financial measures, as well as a lower-than-expected bill for tariffs this year.
Slowing Electric Vehicle Sales Will Cost G.M. $1.6 Billion

General Motors said it would lower its earnings by that amount to mainly reflect the drop in the value of equipment, factories and other assets.
Tesla Reveals Cheaper Versions of Model Y and Model 3

Elon Musk’s electric car company said the new versions would start at around $37,000 and $40,000, prices that bring its cars closer to comparable gasoline vehicles.