Mary Barra and Elon Musk may be intense business rivals, but they sounded like old pals as they chatted on Twitter this month about a deal that could help remove one of the biggest barriers to electric vehicle ownership: not enough chargers. Ms. Barra, the chief executive of General Motors, had just agreed to follow… Continue reading Tesla May Have Already Won the Electric Vehicle Charging Wars
Category: US Motoring Press
Car repair costs are up almost 20% over the past year. Here are 6 reasons why
Michael H | Stone | Getty Images Car repair costs are up almost 20% in the past year, according to the consumer price index — more than six times the national inflation rate and among the largest annual price increases of any household good or service. So, what’s driving up prices? It’s a combination of… Continue reading Car repair costs are up almost 20% over the past year. Here are 6 reasons why
GM blames supplier for slow EV production, says Chevy Bolt EV will live on
GM Chair and CEO Mary Barra addresses investors Oct. 6, 2021 at the GM Tech Center in Warren, Michigan. Photo by Steve Fecht for General Motors DETROIT — General Motors CEO Mary Barra on Tuesday blamed a supplier of automation equipment for the slow ramp-up of GM’s new electric vehicles, after Wall Street criticized the… Continue reading GM blames supplier for slow EV production, says Chevy Bolt EV will live on
What new norm of slower Chinese growth could mean for the global economy
A view of high-rise buildings is seen along the Suzhou Creek in Shanghai, China on July 5, 2023. Ying Tang | NurPhoto | Getty Images The Chinese economy could be facing a prolonged period of lower growth, a prospect which may have global ramifications after 45 years of rapid expansion and globalization. The Chinese government… Continue reading What new norm of slower Chinese growth could mean for the global economy
General Motors raises full-year guidance, announces deeper cost-cutting
Mary Barra, CEO, GM at the NYSE, November 17, 2022. Source: NYSE DETROIT — General Motors is raising its 2023 guidance for a second time this year after the automaker reported second-quarter results Tuesday that were up sharply year over year. The Detroit automaker also said it is increasing cost-cutting measures through next year and… Continue reading General Motors raises full-year guidance, announces deeper cost-cutting
Detroit auto show to include product reveals from GM, Ford, Stellantis
The Detroit auto show circus is back this September for its second annual fall exhibit under Huntington Place’s big tent, and Detroit automakers say they will be bringing big acts. Ford Motor Co., General Motors Co. and Stellantis NV confirmed this week they will each unveil new vehicles for a total of six reveals during… Continue reading Detroit auto show to include product reveals from GM, Ford, Stellantis
Bollinger Motors gets $3M grant to expand Michigan facilities, add jobs
Oak Park-based electric commercial vehicle company Bollinger Motors Inc. has been awarded $3 million from the state in support of its plan to add up to 237 new jobs and invest $44 million in its Oak Park and Livonia facilities. The Michigan Strategic Fund board approved a Michigan Business Development Program performance-based grant for the… Continue reading Bollinger Motors gets $3M grant to expand Michigan facilities, add jobs
GM’s EV ramp-up affected by automation supplier delays
General Motors Co. is experiencing issues with automation supply for battery module production, which is slowing its electric vehicle production ramp-up, executives told investors. CEO Mary Barra said Tuesday that the automaker has experienced “unexpected delays” because an unnamed automation equipment supplier has struggled with “delivery issues that are constraining module assembly capacity.” The hiccup… Continue reading GM’s EV ramp-up affected by automation supplier delays
Leather-seat maker for car companies targeted in widening probe
This content is only available to subscribers. Get unlimited digital access. $1 for the rest of the year. 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… Continue reading Leather-seat maker for car companies targeted in widening probe
New Chevy Bolt on the way, GM’s Barra says
The Chevrolet Bolt isn’t going away after all. During a second-quarter earnings call Tuesday, General Motors Co. CEO Mary Barra announced the coming of a next-generation Bolt — a lower-priced electric vehicle that GM previously planned to stop producing later this year. “Our customers love today’s Bolt. It has been delivering record sales and some… Continue reading New Chevy Bolt on the way, GM’s Barra says