By Paul Lienert and Joseph White DETROIT (Reuters) – General Motors Co Chief Executive Mary Barra has made a bold promise to investors that the Detroit automaker will make money selling electric cars by 2021. What Barra has not explained in detail is how GM intends to do what, so far, no major automaker has… Continue reading GM races to build a formula for profitable electric cars
Tag: GM
Big portion of future GM electric vehicles for China market: executive
DETROIT (Reuters) – General Motors Co’s China unit will sell a “substantial portion” of the automaker’s future electric vehicles, GM China President Matt Tsien said on Wednesday. In a briefing at GM headquarters, Tsien said, “China is at the heart of our electrification strategy.” Tsien did not say which GM brands would sell electric vehicles… Continue reading Big portion of future GM electric vehicles for China market: executive
Taxi Companies Fold After Lyft Arrives
Taxi Companies Fold After Lyft Arrives U.S. News & World ReportSioux Falls taxis calling it quits after Lyft’s arrival Sioux Falls Argus LeaderFull coverage
Uber, Lyft Want to Ban Personal Use of Self-Driving Cars in Urban Areas
Uber, Lyft Want to Ban Personal Use of Self-Driving Cars in Urban Areas ExtremeTechFull coverage
Lyft Product Chief on What to Expect From the Ride-Hailing Service in 2018
Lyft Product Chief on What to Expect From the Ride-Hailing Service in 2018 NDTV Full coverage
Donnelly Group acquires County Londonderry Vauxhall franchise from Eakin Bros
Northern Ireland’s Donnelly Group has acquired Eakin Bros’ County Londonderry Vauxhall franchise in an expansion which saw it claim to be “the home of Vauxhall in the North West”.
Ford CEO Jim Hackett on the future of computing, cities, and self-driving cars
In May 2017, Ford announced that it had replaced its CEO, Mark Fields, who had been with the company since 1989, with Jim Hackett. Despite being on Ford’s board since 2013, Hackett was probably best known for leading Steelcase, the large office-furniture company, for decades and turning around its fortunes, as well as for working… Continue reading Ford CEO Jim Hackett on the future of computing, cities, and self-driving cars
Wall Street sours on Hackett’s Ford
DETROIT — To hear Wall Street tell it, Ford Motor Co. is in dire straits. Ford shares last week fell under $11, lower than when Jim Hackett became CEO last May, despite big gains for the broader market in those eight months. Ford’s earnings outlook for the year dimmed in light of lower-than-expected 2017 results.… Continue reading Wall Street sours on Hackett’s Ford
Sidewalk Labs spinoff Coord aims to connect navigation apps, public transit and ride-sharing services
A loading zone in Seattle’s Pioneer Square neighborhood. (Flickr Photo / SDOT) Over the past year, analysts from a Sidewalk Labs spinout called Coord have been playing a game of “would you rather?” with Seattle drivers. Would you rather shoot for rockstar parking downtown, knowing you may have to circle the block a few times, or… Continue reading Sidewalk Labs spinoff Coord aims to connect navigation apps, public transit and ride-sharing services
Plug-in electric car sales fall in Jan after year-end surge (update)
While 2017 saw higher U.S. sales of plug-in electric cars than any previous year, expectations for 2018 sales are running even higher. The Chevrolet Bolt EV will be available in all 50 states for a full year, the new 2018 Nissan Leaf with a 151-mile range is now on sale, and of course the Tesla… Continue reading Plug-in electric car sales fall in Jan after year-end surge (update)