GM

Not long after taking the oath of office, President Donald Trump wasted no time rolling out his agenda. Following his speech after the inaugural parade, he signed more than 200 executive actions, including some onstage at Capital One Arena in Washington, D.C. in front of cheering supporters. Among...

The U.S. auto industry ended 2024 on a high note, selling nearly 16 million vehicles. That's a 2% bump from the previous year and the best numbers since 2019, when sales peaked at 17 million.  According to S&P Global Mobility, the recovery shows real momentum despite rising costs and...

General Motors (GM) has announced layoffs affecting about 1,000 employees worldwide. The move is part of GM's effort to trim costs and tighten up operations as it tries to navigate tough economic challenges. According to the Detroit Free Press, 507 affected people worked at the Global Technical...

Honda Motor Co Ltd (NYSE:HMC) plans to invest $11 billion in Ontario, Canada, to establish a comprehensive electric vehicle (EV) value chain, including new assembly and battery plants. The initiative follows Honda’s previous $4.4 billion investment in a U.S. battery plant and underscores its...

General Motors Company (NYSE: GM) and the United Auto Workers union may be closing in on a deal after Thursday evenings's negotiations continued into the early morning hours on Friday. Both sides reconvened on Friday to continue discussions.  What To Know: According to a report from CNBC,...

Automotive giants Cruise, General Motors (NYSE:GM), and Honda (NYSE:HMC) have announced plans to initiate a driverless ride-hail service in Japan. According to the Cruise blog post, the three companies have signed a memorandum of understanding to ...

In a post on X, formerly Twitter, Sen. Elizabeth Warren (D-Mass.) highlighted the substantial profits of leading automakers, advocating for fairer contracts for United Auto Workers (UAW). What Happened: On Tuesday, Senator Warren tweeted about the immense profits of General Motors Co (NYSE:GM),...

In a recent development, former President Donald Trump has decided to address autoworkers in Detroit, opting out of the second Republican primary debate scheduled for Sept. 27. What Happened: According to a report by Politico, Trump’s Detroit visit coincides with the GOP debate in California...

Hundreds of individuals, including late-shift auto workers and their allies, congregated at a Ford Motor Company (NYSE:F) assembly facility in Wayne, Michigan, as the United Auto Workers (UAW) union members initiated their historic walkout. According to Reuters, the United Auto Workers (UAW) union...

United Auto Workers (UAW) has lodged unfair labor practice complaints against automakers General Motors Co. (NYSE:GM) and Stellantis NV (NYSE:STLA) with the National Labor Relations Board (NLRB), CNBC reported. The charges come in response to the companies not...

California’s Department of Motor Vehicles (DMV) on Friday instructed General Motors Co’s (NYSE:GM) Cruise to withdraw 50% of its operating vehicles off roads after one of its autonomous cars crashed with an emergency vehicle. What Happened: Cruise will now have no more than 50...

Legacy automakers may reduce customization options, taking cues from Tesla and Chinese EV firms, reports Business Insider. American and German car buyers have traditionally enjoyed a plethora of customization options. However, Elon Musk‘s Tesla Inc (NASDAQ:TSLA) and Chinese automakers have...

Seven automakers now seek to develop a new charging network joint venture in a bid to develop charging infrastructure across the country and compete with EV giant Tesla’s supercharger network. What Happened: The seven automakers include BMW Group (OTCPK: BMWYY), General Motors (NYSE:GM),...

On Thursday, July 20, 2023, Cathie Wood’s Ark Invest made two trades, one of which was a significant investment in Taiwan Semiconductor Mfg. Co. Ltd. (NASDAQ:TSM). This move comes in the wake of the company’s recent Q2 earnings report and amidst a broader focus on AI technologies. The...

Electric vehicle stocks closed mostly lower in the holiday-shortened week ending April 6, with a broader market weakness set in motion by recession fears. Here are the key events that happened in the EV space during the week: Tesla’s Pullback, Price Cuts, Proxy Filing And More:...