General Motors expects to save up to $1 billion annually by ending its Cruise robotaxi development program, CEO and Chair Mary Barra said Tuesday during the company’s earnings call. The estimate comes nearly two months after the automaker said it would no longer fund Cruise, its self-driving subsidiary that aimed to commercialize robotaxis. “GM has… Continue reading GM expects to save up to $1 billion on Cruise costs
Tag: GM
Tesla Superchargers: GM, Ford, Rivian, and other EV brands with access
In May 2023, Ford triggered a transformation when the U.S. automaker locked in a deal to give owners of its EVs access to the Tesla Supercharger network. In a stunning shift, automaker after automaker — from GM and Hyundai to Rivian and Mercedes — followed suit. By the end of 2023, nearly every major automaker… Continue reading Tesla Superchargers: GM, Ford, Rivian, and other EV brands with access
Lyft will credit NYC riders for congestion fee throughout January
New York City’s congestion pricing is scheduled to take effect Sunday — but for the first month, Lyft said it will be crediting riders who pay the fee. New York’s program, which is supposed to reduce traffic in lower Manhattan while also raising funding for mass transit, was paused by Governor Kathy Hochul in June,… Continue reading Lyft will credit NYC riders for congestion fee throughout January
Lyft says San Francisco overcharged it $100M in taxes
Lyft is suing the city of San Francisco, claiming the city unfairly charged the ride-hailing company over $100 million in taxes, Bloomberg reports. The lawsuit alleges that, over the course of five years, San Francisco unfairly labeled money earned by Lyft drivers as company revenue. In the complaint, Lyft maintains that its drivers are its… Continue reading Lyft says San Francisco overcharged it $100M in taxes
Lyft partners with May Mobility, Mobileye to bring autonomous vehicles to the app
It seems Lyft is hoping to catch up to Uber’s string of autonomous vehicle partnerships. Lyft announced Wednesday three separate partnerships — with startup May Mobility, automated driving company Mobileye, and smart dashcam firm Nexar — all aimed at establishing a foothold in the emerging autonomous vehicle market. In the announcement, the ride-hailing company said… Continue reading Lyft partners with May Mobility, Mobileye to bring autonomous vehicles to the app
Delta SkyMiles members can now earn miles riding with Uber, as deal with Lyft nears end
Uber announced during CES 2025 a multi-year exclusive partnership with Delta Air Lines that allows SkyMiles members to earn miles when they ride with Uber or order delivery through Uber Eats in the United States. The deal means an end of Delta’s partnership with Lyft. The Uber partnership will launch in the spring, giving Uber… Continue reading Delta SkyMiles members can now earn miles riding with Uber, as deal with Lyft nears end
Honda wants to launch an EV for under $30,000 in the US as early as next year
A new Honda EV for under $30,000? That’s the plan. And it could come as soon as next year. Honda plans to build the new electric car in the US as part of its new Honda 0 Series EV lineup. Here’s what we know so far. Is Honda launching an EV for $30,000 in the… Continue reading Honda wants to launch an EV for under $30,000 in the US as early as next year
GM’s EV sales surged as the Chevy Equinox becomes a top-seller: Can it keep it up in 2025?
GM’s share of the US electric vehicle market doubled in the fourth quarter as the new Chevy Equinox EV became a top seller. With new electric Cadillac SUVs arriving this year, GM sees more growth opportunities in 2025. Meanwhile, it will likely face a few headwinds. Here’s what to expect. GM’s EV sales climb in… Continue reading GM’s EV sales surged as the Chevy Equinox becomes a top-seller: Can it keep it up in 2025?
GM stock falls even as company beats analyst expectations on earnings
watch now DETROIT — General Motors stock fell more than 8% in trading Tuesday even as the company beat Wall Street’s top- and bottom-line expectations for the fourth quarter, while forecasting continued strong results for 2025. Concerns of Wall Street analysts on the company’s quarterly earnings call focused on the automaker’s preparation for changes under the… Continue reading GM stock falls even as company beats analyst expectations on earnings
German Manager Magazin: General Motors: Mary Barra exceeds expectations, share bends a
The automobile manufacturer General Motors (GM) goes into the new year with confidence. On Tuesday, the US group promised a clearer increase in profit when submitting the year in Detroit than from analysts. GM also exceeded the analysts forecasts for the fourth quarter. The adjusted result before interest and taxes (EBIT) is expected to achieve… Continue reading German Manager Magazin: General Motors: Mary Barra exceeds expectations, share bends a