GM sold vehicles at an average price of USD 50,000 in 2024, and executives see a 1% to 1.5% drop in North American pricing power and a modest decline in gas-powered vehicle volume in 2025. General Motors earnings exceeded Wall Street’s forecasts on Tuesday, but investors still dumped the stock broadly on fears of tariffs… Continue reading GM results aren’t enough for investors, shares skid 10% on tariff worries
Tag: GM
Elon can’t get it up (past 325 kW), BP can, and GM hopes to keep it up in 2025
Despite mocking 350 kW as “a child’s toy” in 2016, the company is just rolling out 325 kW V4 chargers in 2025. Meanwhile companies like BP are celebrating 400 kW installations along major highways – and they’re making money doing it. All this and more on today’s thrilling January 47th episode of Quick Charge! We’ve also… Continue reading Elon can’t get it up (past 325 kW), BP can, and GM hopes to keep it up in 2025
AMI and C-DAC Strengthen Partnership to Develop Next-Generation Intel-Based Servers for Indian Market
ATLANTA and PUNE, India, Jan. 28, 2025 /PRNewswire/ — AMI®, the global leader in Dynamic Firmware for worldwide computing, is excited to announce its strategic partnership with the Centre for Development of Advanced Computing (C-DAC), a pioneering institution under the Ministry of Electronics and Information Technology, Government of India. Building on their successful collaboration in… Continue reading AMI and C-DAC Strengthen Partnership to Develop Next-Generation Intel-Based Servers for Indian Market
G.M. Has Plans Ready for Trump’s Canada and Mexico Tariffs
General Motors executives are closely tracking President Trump’s plans to impose tariffs on imports from Canada and Mexico, but the company is not yet making any major changes to its strategy in North America in response to the threatened tariffs. The automaker has pulled together an “extensive playbook” of possible options but won’t put them… Continue reading G.M. Has Plans Ready for Trump’s Canada and Mexico Tariffs
GM expects to save up to $1 billion on Cruise costs
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
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