General Motors Co. is hiring Mike Abbott, former vice president of engineering for Apple’s Cloud Services division, as the automaker’s executive vice president of software, the company said Tuesday. Abbott takes on the newly created position May 22. He will report to GM Chair and CEO Mary Barra. Abbott will head a new software organization… Continue reading GM hires ex-Apple leader to head new software team
Author: Detroit News Online
GM nixed Apple CarPlay, Android Auto. Here’s why
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Oakland Co. job numbers on track to hit pre-COVID levels by 2025, say UM economists
Rochester ― Oakland County should experience continued “positive” economic growth over the next three years, even as the national economy continues to recover from the impact of the COVID-19 pandemic, two University of Michigan economists said Monday. Presenting their projections to dozens of business and county leaders as part of Oakland County’s 38th annual economic… Continue reading Oakland Co. job numbers on track to hit pre-COVID levels by 2025, say UM economists
Warren Buffett’s company keeps selling carmaker BYD’s stock
Omaha, Neb. – Warren Buffett’s company continues selling off its stake in Chinese electric car manufacturer BYD and now holds less than 10% of the company’s stock. Berkshire Hathaway revealed the latest sale of 1.96 million BYD shares worth about $58.9 million ($462 million Hong Kong dollars) Monday in a filing with the Hong Kong… Continue reading Warren Buffett’s company keeps selling carmaker BYD’s stock
Germany asked to overhaul its car taxation to meet climate goals
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New cars, once part of the American dream, now out of reach for many
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Indiana site remains in play for GM battery plant with new partner
A site in New Carlisle, Indiana, remains in play for General Motors Co.’s fourth battery plant — with the automaker looking to receive tax incentives for the facility it now plans to build with a new battery partner, according to a St. Joseph County Council agenda. GM previously received approval for tax incentives in September… Continue reading Indiana site remains in play for GM battery plant with new partner
Carvana soars most since 2020 on narrower-than-expected loss
Carvana’s shares surged the most since the start of the pandemic after the debt-ridden automobile retailer topped Wall Street’s earnings estimates and predicted a return to an adjusted pretax profit this quarter. Adjusted earnings before interest, taxes, depreciation and amortization will be positive in the second quarter following a “strong start to the year,” according… Continue reading Carvana soars most since 2020 on narrower-than-expected loss
Zombie cars are all around us, and more are on the way
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Howes: UAW’s Fain rattles custom with direct public challenges to automakers, White House
This content is only available to subscribers. Get unlimited digital access. $1 for the first 3 months. Subscribe Now Your subscription supports: Trusted, up-to-date local Detroit and Michigan-wide breaking news. Accurate, fact-based journalism without an agenda, so you get the information you need to make informed decisions. Complete coverage and commentary on Michigan politics from… Continue reading Howes: UAW’s Fain rattles custom with direct public challenges to automakers, White House