Company’s consumer-facing app could turn autonomous vehicles into viable commercial proposition Go to Source
Tag: GM
Semiconductor shortage to hit GM earnings
Carmaker’s chief still expects a ‘very good year’ and does not expect chip issue to slow growth plans Go to Source
GM CEO says chip shortage could hit profits by $2 billion
By Ben Klayman, Paul Lienert 2 Min Read DETROIT (Reuters) – General Motors Co on Wednesday reported a higher-than-expected fourth-quarter profit on strong demand for trucks and SUVs during the COVID-19 pandemic but forecast weaker-than-expected 2021 results citing a shortage of chips used in car production. Slideshow ( 2 images ) GM shares were down… Continue reading GM CEO says chip shortage could hit profits by $2 billion
UAW president holds White House talks on vehicle emissions
GM said on Tuesday it was extending production cuts at three North American plants until at least mid-March. By David Shepardson WASHINGTON, – United Auto Workers (UAW) President Rory Gamble held a virtual meeting last week with a top White House environmental official as the Biden administration moves to reverse the rollback in vehicle emissions… Continue reading UAW president holds White House talks on vehicle emissions
How auto industry is changing | Autos | auburnpub.com – Auburn Citizen
Mobileye, an Intel Company All of these changes will transform automakers from product producers to service providers. Ford announced that Spin, its micromobility subsidiary, will launch remotely operated e-scooters to cities in North America and Europe in 2021, with technology that will allow riders to hail one from several blocks away. Honda announced that it… Continue reading How auto industry is changing | Autos | auburnpub.com – Auburn Citizen
GM Plans to Sell Only Zero-Emission Models by 2035 – Crain’s Chicago Business
(Bloomberg) — General Motors Co. is promising to go green by making all of its global operations and vehicles carbon neutral by 2040, including selling only zero-emission models by 2035. The pledge is a bold embrace by the automaker of emission-reduction goals set by California. The state is one of the largest markets for vehicles in… Continue reading GM Plans to Sell Only Zero-Emission Models by 2035 – Crain’s Chicago Business
GM’s electric delivery foray, plus other mobility trends headlining CES | Greenbiz – GreenBiz
For the first time in its 54-year history, the world’s largest tech show — the Consumer Electronics Show (CES) — kicked off this week as an all-virtual event, cramming a week of keynotes, press conferences and over 1,000 exhibitor booths onto the screens of our laptops and from the comfort of our homes. As a… Continue reading GM’s electric delivery foray, plus other mobility trends headlining CES | Greenbiz – GreenBiz
CES 2021 – GM CEO Mary Barra And Cadillac Presentation At GM Keynote For Tuesday – Oakland News Now Today Blog
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Lyft: Lyft Announces Fourth Quarter and Fiscal Year Results
Fourth quarter revenue of $570 million grew 14% quarter-over-quarterExceeded annualized fixed cost reduction target in Q4Positioned for strong organic growth and margin expansion as the recovery takes hold SAN FRANCISCO, Feb. 09, 2021 (GLOBE NEWSWIRE) — Lyft, Inc. (Nasdaq:LYFT) today announced financial results for its fourth quarter and fiscal year ended December 31, 2020. “Despite… Continue reading Lyft: Lyft Announces Fourth Quarter and Fiscal Year Results
Lyft says cost cuts, coming ride recovery could bring third-quarter profit
By Tina Bellon, Akanksha Rana 5 Min Read (Reuters) – Lyft Inc said on Tuesday it could make an adjusted profit by the third quarter of this year despite the pandemic thanks to additional cost cuts and an expected rebound in ride-hail demand beginning in the second quarter of 2021. FILE PHOTO: The Lyft Driver… Continue reading Lyft says cost cuts, coming ride recovery could bring third-quarter profit