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General Motors To Invest $888 Million In NY V-8 Engine Plant Despite Surge In EV Market Share
Wednesday, May 28, 2025 - 7:33am | 421General Motors Co. (NYSE:GM) will invest $888 million in its Tonawanda Propulsion facility, where the company manufactures V-8 engines that power its SUVs and Full-Size Trucks. What Happened: The investment follows the company's plans to provide support for the production of its sixth-generation V-...
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More Tesla Owners Are Switching To Cadillac EVs As Elon Musk's EV Giant Faces Turbulent Times
Friday, May 23, 2025 - 4:21am | 405General Motors Co.'s (NYSE:GM) luxury subsidiary, Cadillac, is experiencing increased adoption of its EVs among Tesla Inc. (NASDAQ:TSLA) owners. What Happened: Cadillac says that 75% of the customers buying Cadillacs are switching over from other manufacturers, with 10% of those being Tesla owners...
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GM's $60,000 Cadillac Lyriq Was Its Best Selling EV In 2024 As Of Q3: Is Premium The Way To Go For EV Makers?
Tuesday, December 24, 2024 - 5:00am | 489Even as General Motors (NYSE:GM) continues to expand its electric vehicle offerings in the U.S., one of the company’s existing models continues to buoy its sales despite its high price point – the Cadillac Lyriq. What Happened: In the first nine months of 2024 through the end of...
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Formula 1 Stock Hits 52-Week High, Announces 11th Team With General Motors/Andretti Global After Max Verstappen's Fourth Straight Title
Monday, November 25, 2024 - 7:15pm | 1075Formula 1 is expanding with an 11th team joining the global motorsport for the 2026 season, naming General Motors (NYSE:GM) with Andretti Global. While the new team is still over a year away from starting, it will add an increased American presence to the sport and more competition for recent and...
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GM Unveils 2026 Cadillac Vistiq Electric SUV With Starting Price Below Tesla Model X, Lucid Gravity
Wednesday, November 13, 2024 - 6:00am | 545General Motors (NYSE:GM) on Tuesday debuted its new electric vehicle under its luxury brand Cadillac – a three-row SUV set to rival Tesla Inc.’s (NASDAQ:TSLA) Model X and Lucid Group Inc.’s (NASDAQ:LCID) Gravity SUV. What Happened: The 2026 Cadillac Vistiq will be sold globally,...
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Cadillac's New Concept EV Has Doors That Open Like Butterfly Wings,
Monday, August 19, 2024 - 8:25am | 387Detroit-based automaker General Motors‘ Cadillac luxury brand unveiled a new EV concept last week called Opulent Velocity. What Happened: The vehicle, a concept, will not enter production but it is an “experience-based design study” with a low silhouette and the charms of a...
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GM Reports $210M Loss In China Joint Venture: 'The Headwinds Are Not Easy'
Wednesday, July 24, 2024 - 9:34am | 438General Motors Company‘s (NYSE:GM) joint venture with China’s SAIC General Motors Corporation, has been a profitable business since it was formed in 1997 — until this year, that is. The company lost $210 million during the first six months of this year, according to earnings...
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You Can Get Costco Discounts Up To $2,000 For These EVs Taking On Tesla
Friday, May 3, 2024 - 7:26am | 396Costco Wholesale‘s (NASDAQ:COST) auto program is offering incentives of up to $2000 for members on several EVs from Volvo, Polestar, Chevrolet, and Cadillac. What Happened: The deals run from May 1 until July 31 for Costco members who buy or lease certain EVs from the four brands, including...
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$340K Extravaganza: Cadillac's Celestiq Joins Elite Ranks Of Most Expensive EVs — What Does It Offer?
Friday, January 19, 2024 - 9:26am | 632Cadillac, the luxury brand of General Motors Co (NYSE:GM), has officially begun the production of its highly anticipated Celestiq EV. The premium sedan, priced at $340,000, has entered production following its unveiling in October 2022. What Happened: Described as an “...
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EXCLUSIVE: Cadillac's New Escalade IQ Unveiled: 'We Are Changing The Game Completely,' Says Director Jess Bala
Thursday, August 10, 2023 - 5:22pm | 860Automaker giant General Motors Company (NYSE: GM) unveiled its Cadillac Escalade IQ electric vehicle on Wednesday. One of the key leaders of the Cadillac brand shared details on the recent product unveil and how GM is driving the future with electric vehicles. What Happened: General Motors unveiled...
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GM Takes A Leaf Out Of Tesla's Book: EVs To Double As Home Backup Power Sources During Blackouts
Wednesday, August 9, 2023 - 3:03am | 510General Motors (NYSE:GM) revealed its intention to outfit all its electric vehicles with the capability to serve as backup power during electricity blackouts. This move to incorporate a two-way charging technology in the Chevrolet, Cadillac, and GMC electric vehicles will allow them to power homes...
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GM Finds A Way To Promote Cadillac EV On 'Tesla's Territory' In China
Monday, March 20, 2023 - 4:24am | 456General Motors Co‘s (NYSE:GM) Cadillac is reportedly setting up test drives at Tesla Supercharger stations in China. What Happened: General Motors offered test drives on their Cadillac Lyriq — its all-electric SUV — at a Tesla supercharger station in Shanghai Jinqiao, Tesla enthusiast Twitter...
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Tesla Is Best At Stealing Customers And Keeping Them: New Report Calls Company's Brand Loyalty 'Extraordinary'
Tuesday, January 31, 2023 - 12:30pm | 897Electric vehicle giant Tesla Inc (NASDAQ: TSLA) has dominated the electric vehicle segment of the automotive industry. And while competition is increasing from new players and incumbent automotive companies turning to electric, Tesla may have several key advantages. What Happened: Tesla is guiding...
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As GM Launches $300K Cadillac Celestiq EV, Twitterati Have A Field Day, With One Likening It To Now-Defunct '18K Gold Apple Watch Edition'
Tuesday, October 18, 2022 - 10:09am | 607General Motors Co. (NYSE: GM) unveiled its Cadillac unit’s flagship electric vehicle, Celestiq, on Monday. What Happened: Celestiq will be personally commissioned, with clients working directly with their selected dealers, Cadillac said in a release. In terms of specification,...
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GM Tries To Regain China Drive By Aiming At Super-Rich: Here's What It's All About
Thursday, September 8, 2022 - 2:09am | 488General Motors Company (NYSE: GM) is planning to woo the urban rich in China through a new direct sales platform that will curate its most elite products across multiple brands as the American automaker tries to regain momentum in the world's biggest car market. Reuters reported on...