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Profit Warnings, Uncertainty As US Tariffs Send A Chill Through Businesses
General Motors and Volvo Cars abandoned their guidance, Adidas warned of price hikes and Porsche and Electrolux cut their full-year outlooks on Tuesday as US President Donald Trump's trade war continued to send shivers through the corporate world.
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General Motors Adopts Tesla's Charging Plug, Giving GM EV Owners Access to Supercharger Network
General Motors on Thursday announced that it was adopting Tesla's North American charging system as part of a new agreement that will allow GM EV owners to access Tesla's Supercharger network. The decision to adopt Tesla's technology was announced by GM CEO Mary Barra and Tesla chief Elon Musk in a Twitter Spaces event.
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Used EV Sales Rise in the US Amid Fall in Prices: Report
Used electric vehicle sales in the United States rose 32 percent in the first three months of 2023 as prices fell, data provider Cox Automotive said on Friday. The group said the average retail listing prices for used EVs was around $43,400 (nearly Rs. 35 lakh), down 4 percent from the same quarter last year and significantly below the average new...
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Elon Musk's SpaceX Buys Advertising Package for Starlink on Twitter
SpaceX has bought an advertising package on Twitter for its satellite internet service Starlink, said Elon Musk, who owns the rocket company and the social media platform that is seeing an exodus of advertisers. Companies including General Motors, General Mills, Mondelez International and Volkswagen AG paused advertising on the platform after Musk ...
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General Motors Temporarily Halts Paid Advertising on Twitter After Elon Musk Takeover
General Motors said late on Friday it had temporarily halted paid advertising on Twitter after Elon Musk completed his takeover of the social media company. The largest US automaker said it was "engaging with Twitter to understand the direction of the platform under their new ownership."
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GM CEO Mary Barra Predicts to Sell More EVs Than Tesla in the US by End of This Decade
General Motors CEO Mary Barra has predicted that her company will sell more electric vehicles in the US than Tesla by the ned of this decade. Her announcement comes whilst spiked inflation, rising interest rates, soaring material costs and a global shortage of computer chips.
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GM Outsells Toyota In Q2 As Inventory Shortages Linger
General Motors Co surpassed Toyota Motor Corp in second-quarter U.S. car sales, even as persistent chip shortages and supply-chain disruptions crimped automakers' ability to meet pent-up demand.
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GM To Cut Prices On EV Chevrolet Bolt Up To 18 Per Cent
GM resumed Bolt production in April following a major battery recall in August and began resuming sales earlier this year.
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Great Wall Motors Deal For GM's Talegaon Plant Could Fall Through: Report
GWM had originally signed an agreement with GM India for the acquisition of the Talegaon plant in January 2020, though the deal has been held up ever since.
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Pricey Models Help GM Outrace First-Quarter Supply Chain Snarls
GM's net income dipped slightly to $2.9 billion in the quarter, compared with analysts' estimates of $2.45 billion, as higher prices were not enough to offset an increase in costs.
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GM and Honda To Produce 'Attainable EVs' In Bid To Surpass Tesla Sales
General Motors and Honda Motor Co said on Tuesday they will develop a series of lower-priced electric vehicles based on a new joint platform, producing potentially millions of cars from 2027 in a bid to beat Tesla in sales.
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GM Extends EV Bolt Production Halt But Plans To Soon Resume Sales
GM said it planned to resume production of the Bolt at its Orion Township, Michigan plant the week of April 4.
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Volkswagen Aims to Double Electric Car Sales in China This Year After Missing Targets
Volkswagen said it would likely double sales of its ID battery electric vehicles in China this year and aims to do even better but the automaker could be hamstrung by a shortage of semiconductors.
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CES 2022: GM Unveils Electric Silverado Pickup to Rival Ford and Rivian
General Motors’ EV strategy will face its biggest test in 2023 when it launches an electric version of its Chevrolet Silverado pickup with a six-figure price tag, more than a year after rivals Ford and Rivian launched their own electric pickups.
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General Motors Found Operating In India Tough. Exiting It Proves Tougher.
Four years after ceasing sales in India, General Motors remains mired in legal challenges from the labor union that represents more than 1,000 former workers that the company let go from the plant, effectively barring its exit.
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Profit Warnings, Uncertainty As US Tariffs Send A Chill Through Businesses
General Motors and Volvo Cars abandoned their guidance, Adidas warned of price hikes and Porsche and Electrolux cut their full-year outlooks on Tuesday as US President Donald Trump's trade war continued to send shivers through the corporate world.
-
General Motors Adopts Tesla's Charging Plug, Giving GM EV Owners Access to Supercharger Network
General Motors on Thursday announced that it was adopting Tesla's North American charging system as part of a new agreement that will allow GM EV owners to access Tesla's Supercharger network. The decision to adopt Tesla's technology was announced by GM CEO Mary Barra and Tesla chief Elon Musk in a Twitter Spaces event.
-
Used EV Sales Rise in the US Amid Fall in Prices: Report
Used electric vehicle sales in the United States rose 32 percent in the first three months of 2023 as prices fell, data provider Cox Automotive said on Friday. The group said the average retail listing prices for used EVs was around $43,400 (nearly Rs. 35 lakh), down 4 percent from the same quarter last year and significantly below the average new...
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Elon Musk's SpaceX Buys Advertising Package for Starlink on Twitter
SpaceX has bought an advertising package on Twitter for its satellite internet service Starlink, said Elon Musk, who owns the rocket company and the social media platform that is seeing an exodus of advertisers. Companies including General Motors, General Mills, Mondelez International and Volkswagen AG paused advertising on the platform after Musk ...
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General Motors Temporarily Halts Paid Advertising on Twitter After Elon Musk Takeover
General Motors said late on Friday it had temporarily halted paid advertising on Twitter after Elon Musk completed his takeover of the social media company. The largest US automaker said it was "engaging with Twitter to understand the direction of the platform under their new ownership."
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GM CEO Mary Barra Predicts to Sell More EVs Than Tesla in the US by End of This Decade
General Motors CEO Mary Barra has predicted that her company will sell more electric vehicles in the US than Tesla by the ned of this decade. Her announcement comes whilst spiked inflation, rising interest rates, soaring material costs and a global shortage of computer chips.
-
GM Outsells Toyota In Q2 As Inventory Shortages Linger
General Motors Co surpassed Toyota Motor Corp in second-quarter U.S. car sales, even as persistent chip shortages and supply-chain disruptions crimped automakers' ability to meet pent-up demand.
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GM To Cut Prices On EV Chevrolet Bolt Up To 18 Per Cent
GM resumed Bolt production in April following a major battery recall in August and began resuming sales earlier this year.
-
Great Wall Motors Deal For GM's Talegaon Plant Could Fall Through: Report
GWM had originally signed an agreement with GM India for the acquisition of the Talegaon plant in January 2020, though the deal has been held up ever since.
-
Pricey Models Help GM Outrace First-Quarter Supply Chain Snarls
GM's net income dipped slightly to $2.9 billion in the quarter, compared with analysts' estimates of $2.45 billion, as higher prices were not enough to offset an increase in costs.
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GM and Honda To Produce 'Attainable EVs' In Bid To Surpass Tesla Sales
General Motors and Honda Motor Co said on Tuesday they will develop a series of lower-priced electric vehicles based on a new joint platform, producing potentially millions of cars from 2027 in a bid to beat Tesla in sales.
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GM Extends EV Bolt Production Halt But Plans To Soon Resume Sales
GM said it planned to resume production of the Bolt at its Orion Township, Michigan plant the week of April 4.
-
Volkswagen Aims to Double Electric Car Sales in China This Year After Missing Targets
Volkswagen said it would likely double sales of its ID battery electric vehicles in China this year and aims to do even better but the automaker could be hamstrung by a shortage of semiconductors.
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CES 2022: GM Unveils Electric Silverado Pickup to Rival Ford and Rivian
General Motors’ EV strategy will face its biggest test in 2023 when it launches an electric version of its Chevrolet Silverado pickup with a six-figure price tag, more than a year after rivals Ford and Rivian launched their own electric pickups.
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General Motors Found Operating In India Tough. Exiting It Proves Tougher.
Four years after ceasing sales in India, General Motors remains mired in legal challenges from the labor union that represents more than 1,000 former workers that the company let go from the plant, effectively barring its exit.
