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Stellantis Posts 22.3 Billion Euro Annual Loss In 2025
Stellantis, Ford and General Motors have all incurred heavy balance sheet charges which reflect lower-than-expected electric car sales in the United States.
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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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Stellantis Posts 22.3 Billion Euro Annual Loss In 2025
Stellantis, Ford and General Motors have all incurred heavy balance sheet charges which reflect lower-than-expected electric car sales in the United States.
-
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.
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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.
