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General Motors CFO Says $4 Billion Investment Will Allow Company To Rebalance Production Amid Trump Tariffs
Thursday, June 12, 2025 - 5:21am | 657General Motors Co. (NYSE:GM) CFO Paul Jacobson says the company's $4 billion investment in its manufacturing units will help the Detroit-based automaker rebalance production amid U.S. President Donald Trump's tariff uncertainty. What Happened: "…As we look at our landscape, as we look at the...
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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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General Motors CEO Backs Trump's Auto Tariffs As A Tool To 'Level The Playing Field'—'They've Taken The Time To Understand Our Industry'
Thursday, May 29, 2025 - 5:43am | 874In a recent interview, General Motors Co. (NYSE:GM) CEO Mary Barra expressed her support for the auto tariffs imposed by President Donald Trump, citing the unfair competition faced by U.S. automakers in the global market. What Happened: Barra, in an interview at The Wall ...
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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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GM Faces $5 Billion Hit From Trump Tariffs, But Prices To Stay 'About The Same,' Says CEO Mary Barra: 'We're Going To Respond To The Market'
Friday, May 2, 2025 - 2:56am | 618General Motors Co. (NYSE:GM) CEO Mary Barra says that U.S. President Donald Trump's tariffs on the automotive industry will cost the company over $5 billion, but assures that GM’s pricing will remain the same. What Happened: The company expects a tariff exposure of anywhere between “$4...
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Elon Musk Out As Tesla CEO In 2025? Prediction Markets Put Little Faith In WSJ Report, Here Are The Top Replacement Picks
Thursday, May 1, 2025 - 7:03pm | 915Tesla Inc (NASDAQ:TSLA) has shut down a report that the company was actively looking to replace CEO Elon Musk. While it remains to be seen if the report was factual or not, prediction markets saw odds that Musk leaves the company in 2025 spike. What Happened: Facing weaker financials and seeing CEO...
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Nvidia CEO Jensen Huang Announces GM Partnership: 'The Time For Autonomous Vehicles Has Arrived'
Tuesday, March 18, 2025 - 2:48pm | 696Nvidia Corporation (NASDAQ:NVDA) CEO Jensen Huang announced Tuesday a partnership with General Motors Company (NYSE:GM) for its self-driving segment. "The time for autonomous vehicles has arrived,” Huang said at the GPU Technology Conference (GTC). GM will build next-generation vehicles on...
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Trump's Tariff Push Divides Executives: 'Negative Outcomes Are Not Priced Into' Markets
Tuesday, February 4, 2025 - 11:07am | 400President Donald Trump announced a wave of tariffs on Canada, China, and Mexico, though some have now been delayed, sparking mixed reactions in the business world. Executives Weigh In: Tariffs increase costs for American importers, which can lead to higher prices for consumers. Industries such as...
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Robotaxi Exit To 'Clear The Way' For GM To License Tesla FSD, Says Gary Black — Move Will Save The Mary Barra-Led Company $1B A Year
Wednesday, December 11, 2024 - 1:25am | 779The Future Fund LLC Managing Partner Gary Black highlighted on Tuesday that General Motors Co. (NYSE:GM) is abandoning its robotaxi ambitions to save $1 billion annually, marking a significant shift in the autonomous vehicle race. What Happened: “Cruise and GM’s technical teams will be...
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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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GM Recalls 107 Bolt Electric Vehicles Due To Fire Risks
Tuesday, November 5, 2024 - 8:28am | 351General Motors (NYSE:GM) is recalling 107 Bolt electric vehicles owing to fire risks, the National Highway Traffic Safety Administration (NHTSA) said on Monday. What Happened: The recall population includes certain 2020-2022 Chevrolet Bolt EV and 2022 Bolt EUV vehicles, the U.S. auto safety...
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GM Accelerates Its EV Ambitions After A Strong Q3 In US Powers It Past Ford, Aims For 200K Wholesales In 2024
Wednesday, October 23, 2024 - 7:50am | 653General Motors (NYSE:GM) took over Ford Motor Co. (NYSE:F) as the second biggest EV seller in the U.S. after Tesla Inc. in the third quarter and the company is optimistic about its EV portfolio going forward. What Happened: GM CEO Mary Barra said on Tuesday during the company’s third-quarter...
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GM 'Working Hard' To Resume Driverless Cruise Vehicles By End Of Year, Says CEO Mary Barra: 'We Want To Make Sure We're Investing In Autonomy As Efficiently As Possible'
Wednesday, October 23, 2024 - 3:46am | 617General Motors‘ (NYSE:GM) Cruise is looking to return to operating driverless vehicles by the end of the year, company CEO Mary Barra said on Tuesday, during the third-quarter earnings call. What Happened: “…we’ll be gated by safety, but we hope and we’re working...
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GM CEO Mary Barra Reiterates Goal Of Selling Only Electric Light-Duty Vehicles By 2035 Despite EV Demand Slowdown, Says Never Expected It To Be 'Linear'
Monday, September 23, 2024 - 8:51am | 388General Motors (NYSE:GM) CEO Mary Barra on Sunday reiterated the company’s aim to sell only electric light-duty vehicles by 2035 despite slowing demand for EVs. What Happened: “Our workforce is quite young. Most of our technical talent has been with the company for less than five years...
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Ford, GM, Stellantis Cooling To Once-Hot EV Sector As Demand Wanes
Thursday, August 22, 2024 - 6:20pm | 594Ford Motor Co. (NYSE:F) decided this week to abandon production of a fully electric sport-utility vehicle, but it is not the only car manufacturer lessening its ambitions for electric vehicles. On Wednesday, the auto giant said it was doing away with plans for a large electric SUV and it would take...