GM approves new $6B stock buyback on strong demand for gas-powered vehicles
General Motors announced it has approved a new share repurchase authorization to buy back up to $6 billion worth of the automaker's stock, citing strong demand for gas-powered vehicles.
GMC 2024 Sierra EV Denali rolling out with 440-mile range and 'CrabWalk' feature
GMC's new 2024 Sierra EV Denali 1 will be available this summer with a longer range than previously projected and the automaker's "CrabWalk" diagonal driving feature.
US investigating GM Cadillac Lyriq EVs over brake assist failures
The National Highway Traffic Safety Administration (NHTSA) has launched a preliminary evaluation after receiving multiple reports of Cadillac Lyriq EVs losing their brake boost assist.
GM lost tax credits on 20,000 EVs due to battery sourcing requirements
GM said it built about 20,000 EVs this year that didn't qualify for federal EV tax credits due to battery sourcing requirements, but it has since reworked its battery sourcing.
GM recalling 820,000 pickup trucks over tailgate issue
General Motors is recalling about 820,000 pickup trucks including newer Chevrolet Silverados and GMC Sierras over an issue that causes the tailgate to unlatch unexpectedly.
GM pauses sales of new line of trucks over software issue
General Motors announced a temporary sales pause for the 2024 model year Chevrolet Colorado and GMC Canyon pickup trucks while the automaker rolls out a fix for a software issue.
Ford, GM CEOs open to partnerships to compete with China
Ford CEO Jim Farley and GM CEO Mary Barra said their companies are open to collaborating on EV technologies with other automakers to better compete with Chinese EV makers like BYD.
Former GM CEO, Home Depot co-founder are deeply invested in this philanthropic initiative
Home Depot's co-founder and a former General Motors CEO are throwing their weight behind a fund that's trying to tackle philanthropy in a unique way.
GM to cut spending on robotaxi unit Cruise in half
General Motors is halving spending on its driverless robotaxi unit Cruise amid investigations into the unit after an October accident involving a pedestrian.
GM upbeat on 2024, betting on a 'resilient' US economy
GM CFO Paul Jacobson said in a call with reporters that the automaker expects its electric vehicle operations will begin returning variable profit by the second half of the year.
Analysis reveals how GM's Cruise robotaxi struck and dragged pedestrian 20 feet
A series of technical failures were the cause of an October 2, 2023 accident in San Francisco where a woman was struck and dragged by a Cruise robotaxi, a report reveals.
GM’s robotaxi unit Cruise offers money to settle California crash probe
General Motors' robotaxi unit Cruise is offering to settle an investigation by a California regulator of the company's failure to disclose details about a pedestrian-involved accident.
GM sues San Francisco over $121 million tax bill linked to Cruise
General Motors has filed a lawsuit against the city of San Francisco claiming it was overcharged $121 million in taxes and penalties linked to its Cruise division.
Ford celebrates historic milestone for F-Series trucks
Ford announced historic milestones for its F-Series pickup trucks, marking 47 consecutive years with the best-selling truck and 42 years with the best-selling vehicle in America.
GM bought out nearly half of Buick dealers who opted against selling EVs
General Motors bought out roughly half of its Buick dealerships over the last year after offering voluntary buyouts to dealers opposed to the company's EV transition.
General Motors slashing workforce at two Michigan plants
General Motors on Thursday announced it will layoff over 1,300 workers at two Michigan plants in connection with ending production of vehicles.
GM’s Cruise cutting 24% of workforce, fires 9 execs amid robotaxi safety probe
General Motors' self-driving vehicle unit Cruise dismissed nine executives in December amid an ongoing safety investigation after a woman was struck and dragged by a Cruise robotaxi.
Ford says UAW strike cost company $1.7 billion in lost profits
Ford CFO John Lawler on Thursday revealed the automaker lost $1.7 billion in profits due to the United Auto Workers union's weekslong strike against the company.
GM authorizes $10 billion share repurchase to benefit shareholders following strike
General Motors wants to give its shareholders a bigger return in 2024, announcing a $10 billion accelerated share repurchase program now that the labor strikes have settled.
GM's Cruise CEO Kyle Vogt resigns from company
Kyle Vogt, the CEO of Cruise, the self-driving vehicle company owned by GM, has resigned from his job after it halted all driverless operations.