General Motors on Tuesday reported a pretax profit decline of 6% to $3.8 billion in the first quarter. But the automaker touted its gains in U.S. electric vehicle sales, sales of new vehicles internationally — excluding China where GM continues to lose sales — and strong pricing as positive future indicators that prompted it to… Continue reading GM reports Q1 pretax profit decline of 6%, but raises yearly guidance
Tag: Electric vehicles
US announces labor resolution with Auburn Hills auto supplier in Mexico
The Biden administration on Monday announced a resolution has been reached with the government of Mexico in a labor rights and collective bargaining complaint involving a plant operated by an Auburn Hills auto supplier. The administration had asked the Mexican government on March 6 to review whether workers at the plant, operated by Unique Fabricating,… Continue reading US announces labor resolution with Auburn Hills auto supplier in Mexico
GM adds new partner to build its 4th battery cell plant in US
In its drive to offer all-electric vehicles by 2035, General Motors has an added partner in the battery business and will build a fourth plant to make battery cells in the United States. On Tuesday, GM said it will partner with South Korean-based Samsung SDI to invest more than $3 billion to build a new… Continue reading GM adds new partner to build its 4th battery cell plant in US
@GM: General Motors and Samsung SDI Plan to Invest More than $3 Billion to Expand U.S. Battery Cell Manufacturing
General Motors and Samsung SDI Plan to Invest More than $3 Billion to Expand U.S. Battery Cell Manufacturing 2023-04-25 DETROIT and SEOUL — General Motors Co. (NYSE: GM) and Samsung SDI announced today they plan to invest more than $3 billion to build a new battery cell manufacturing plant in the United States that is… Continue reading @GM: General Motors and Samsung SDI Plan to Invest More than $3 Billion to Expand U.S. Battery Cell Manufacturing
@Hyundai: Kia hailed Best Manufacturer at prestigious 2023 Autocar Awards
Highly influential international automotive title Autocar names Kia its ‘Best Manufacturer’ for 2023 Kia commended for diverse model line-up and forward-thinking attitude Launch of flagship EV9 SUV to further boost Kia’s EV line-up Latest in sustained run of accolades illustrates Kia’s rapid strategic transition to sustainable mobility solutions provider Kia has today been named ‘Best… Continue reading @Hyundai: Kia hailed Best Manufacturer at prestigious 2023 Autocar Awards
In Ohio, Electric Cars Are Starting to Reshape Jobs and Companies
Erick Belmer has seen how tough the car business can be. He was working at a General Motors plant in Lordstown, Ohio, when it shut down in 2019, devastating the community. Mr. Belmer, an industrial mechanic, got another job at a G.M. transmission factory in Toledo, but his commute is now 140 miles each way.… Continue reading In Ohio, Electric Cars Are Starting to Reshape Jobs and Companies
Jetour Shines at 2023 Shanghai Auto Show with Its Latest Achievements, Kicking Off an Accelerated Pace for Its Overseas Expansion
WUHU, China, April 25, 2023 /PRNewswire/ — The 2023 Shanghai Auto Show is open now from April 18 to 27, 2023. The Chinese up-and-coming SUV brand Jetour Auto is showcasing multiple models including the DASHING i-DM, T2, T3 concept cars, and holds an international press conference. More than 200 partners and media from the Middle… Continue reading Jetour Shines at 2023 Shanghai Auto Show with Its Latest Achievements, Kicking Off an Accelerated Pace for Its Overseas Expansion
GM lifts 2023 expectations as it prepares for a breakout year with high-volume EV launches
After a solid start to the year, General Motors is raising its earnings and cash flow expectations for 2023. GM is gearing up for a breakout year with several highly anticipated EV launches planned across some of the most popular auto segments. GM expects a breakout year with EVs in 2023 General Motors sold over… Continue reading GM lifts 2023 expectations as it prepares for a breakout year with high-volume EV launches
GM announces Chevy Bolt is over, long live the Equinox
Chevy Bolt EUV Source: Chevrolet GM – along with its earnings announcement this morning – also announced the end of the Chevy Bolt EV and EUV with the last cars rolling off the Orion assembly line “late this year”. This marks the end of the Bolt EV as the most affordable/capable EV in the US… Continue reading GM announces Chevy Bolt is over, long live the Equinox
Lucid’s Gravity SUV is taking another step toward production with tests on public roads
Lucid showing a preproduction version of the Gravity, a luxury electric SUV, testing on US public roads. The Gravity is expected to begin shipping in 2024. Courtesy: Lucid Luxury electric-vehicle maker Lucid Group said Tuesday that it has begun testing its next model, a large SUV called Gravity, on public roads in the U.S., a… Continue reading Lucid’s Gravity SUV is taking another step toward production with tests on public roads