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GM's $4 Billion Bet On US Auto Manufacturing Backs 'Hardworking Americans' Amid Trump Tariffs Push
Tuesday, June 10, 2025 - 10:27pm | 774Leading U.S. automaker General Motors Co. (NYSE:GM) has unveiled a multibillion-dollar plan to reinforce its manufacturing footprint in the country, spanning both its new electric vehicles and its traditional gas-powered favorites. What Happened: On Tuesday, the Detroit-based giant...
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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's President Wants Chevy Camaro To Make An Electric Return, With A $35K Starting Price Tag — But Not Like A Mustang Mach-E Crossover
Wednesday, May 22, 2024 - 6:48am | 436General Motors Co (NYSE:GM) president Mark Reuss believes the Chevrolet Camaro must make a comeback as an electric car with a price point similar to that of the 2024 Chevrolet Equinox EV, and not a crossover. What Happened: In an interview with MotorTrend published last week, Reuss said that his...
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GM's President Just Wants 'A Level Playing Field' Against Chinese EV Companies As Legacy Automaker Launches Tesla Model Y Challenger
Thursday, May 16, 2024 - 7:48am | 523Legacy automaker General Motors Co (NYSE:GM) wants a level playing field against Chinese EV makers, as per company President Mark Reuss. Taking On China: China’s lower-priced products might force the local players out of the market, Reuss told InsideEVs at the Chevrolet Equinox EV launch...
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GM Snaps Up Former Tesla Battery Expert Kurt Kelty To Supercharge Affordable EV Strategy
Friday, February 9, 2024 - 5:12am | 506General Motors Co (NYSE:GM) has hired former Tesla executive Kurt Kelty as the company’s vice president of Batteries to work on delivering profitable and affordable electric vehicles to customers. What Happened: According to Kelty’s LinkedIn profile, he was employed at Tesla for over 11...
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GM President Counters UAW's 'Flow Of Misinformation,' Refutes 'Poverty Wages' Allegations
Wednesday, September 20, 2023 - 4:19pm | 672Negotiations between the Detroit Big Three automakers and the United Auto Workers union remain at an impasse, with a missed contract deadline leading to strikes against the auto companies. Here’s the latest from General Motors Company (NYSE: GM). What Happened: The UAW is asking for...
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EV Week In Review: Tesla Slips Below $1K Ahead Of Earnings, Nio Begins Locking ET7 Orders, BYD Raises Prices And More
Saturday, January 22, 2022 - 9:26am | 721The bygone week was fairly quiet in terms of EV news flow – a calm before the storm ahead of earnings kicking in. The broader market weakness pervaded into the EV space, and stocks closed steeply lower for the week. Here are the key events that happened in the EV space during the week: Tesla...
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GM Ups EV Game But Won't Bow To Wall Street Demands To Spin-Off Unit
Friday, November 20, 2020 - 3:31am | 457General Motors Company (NYSE: GM) President Mark Reuss said that the automaker has no plans currently to spin-off its electric vehicles division despite being under pressure from Wall Street. What Happened: Reuss said in an interview on CNBC’s “Power Lunch” program that the...
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GM Invests $2B In Detroit Plant, Retools For Self-Driving EVs
Tuesday, January 28, 2020 - 10:41am | 494General Motors Company (NYSE: GM) will convert its Detroit-Hamtramck Assembly plant into its first all-electric vehicle plant. The factory will begin production on electric pickups and the Cruise Origin, a self-driving EV, in 2021 following a $2.2 billion retooling. "This will be General...
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General Motors Announces Resignation Of Its Lead Designer
Thursday, April 7, 2016 - 2:26pm | 265General Motors Company (NYSE: GM) announced on Thursday that Ed Welburn, Vice President of GM's Global Design, will retire in June following a successful 44-year career with the company. Welburn has led GM Design since 2003, and globally since 2005. Under his watch, the company built a...
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Cadillac Needs More Than Just A New York HQ, Experts Say
Wednesday, October 1, 2014 - 7:03pm | 959Since General Motors Company (NYSE: GM) announced last week that it will break out its luxury Cadillac brand into a separate business and move the headquarters to New York, executives have been on the front lines defending the decision. CEO Mary Barra has told reporters that New York is the...
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General Motors Ends Government Bailout, Announces First Female CEO
Tuesday, December 10, 2013 - 11:05am | 825It's turning into an historic week for General Motors (NYSE: GM) – as the nation's largest automaker ended its controversial government bailout, and has named its first female CEO. On Monday, the U.S. Treasury announced it had sold all of its remaining shares in GM common stock, as the...
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General Motors CEO Could Be Leaving in 2014
Friday, November 15, 2013 - 2:06pm | 262Reuters has reported that Dan Akerson could be leaving his position as Chief Executive Officer at General Motors (NYSE: GM) as early as next year. The 65-year-old joined GM in 2009 when he was named to the board of directors as a representative of the U.S. Treasury, which owned a 61 percent...