General Motors CEO Mary Barra stated on Tuesday the No. 1 U.S. automaker at present has no projects underway with ride-sharing company Lyft, where it is holding 9 percent stake. Competing automaker Ford Motor stated last year it will work with Lyft to deploy large amount of Ford self-driving vehicles on Lyft’s network by 2021.
General Motors stated on Thursday it was collaborating with design software company Autodesk Inc to produce new, lightweight 3D-printed parts that could help the carmaker meet its goals to add alternative-fuel automobiles to its product lineup. In 2017, the company announced it’s strategies to add 20 new electric battery and fuel cell vehicles to its
General Motors chairman and CEO Mary Barra met on Tuesday with U.S. regulative chiefs, weeks before the Trump administration prepares to decide whether to modify landmark fuel effectiveness requirements through 2025. After Reuters found out about the meetings, GM representative Pat Morrissey confirmed Barra had met the heads of the Environmental Protection Agency (EPA) and
General Motors CEO Mary Barra contacted the United States Congress on Wednesday to expand a customer tax credit for electric vehicles as the automaker stated it would increase production of its EV Chevrolet Bolt in reaction to positive response. Barra also got in touch with U.S. regulators to consider when scoring automakers’ emissions the capacity
Ford Motor will considerably increase its scheduled investments in electric vehicles to $11 billion by 2022 and have 40 hybrid and completely electric vehicles in its model lineup, Chairman Bill Ford stated during Detroit auto show. The investment figure is sharply higher than a previously revealed target of $4.5 billion by 2020, Ford executives stated,
Global automakers on Monday prompted the Trump administration not to end the North American Free Trade Agreement and revealed hope the United States, Canada and Mexico can successfully conclude a modernized and enhanced trade pact. Fiat Chrysler Automobiles (FCA) CEO Sergio Marchionne, who announced recently plans to move heavy pickup truck production from Mexico to
General Motors CEO Mary Barra revealed optimism on Saturday that the North American Free Trade Agreement would endure, and other senior GM executives waited by the company’s strategies to continue developing trucks in Mexico. At an event to promote the automaker’s 2019 Chevrolet Silverado pickup ahead of the Detroit auto show, Barra twice did not
General Motors CEO Mary Barra has made a bold pledge to investors that the automaker will earn money selling electric vehicles by 2021. What Barra has not described in detail is how GM plans to do what, until now, no significant automaker has done. The response is a big bet on combining proprietary battery innovation,
If Congress removes an electric vehicle tax credit it “will have an impact” on sales of U.S. electric automobiles such as General Motors’ Chevrolet Bolt, GM CEO Mary Barra stated on Monday. The House version of a bill that would cut corporate tax rates calls for removing a tax credit of up to $7,500 for
General Motors prepares to introduce a new family of electric vehicles in 2021 that will be less expensive to build and earn a profit for the U.S. biggest automaker, CEO Mary Barra informed investors on Wednesday. Barra’s strategy represent a direct obstacle to money-losing electric automaker Tesla, which is having a hard time to obtain
General Motors accepted a $13.9 million settlement with Orange County, California after prosecutors alleged the automaker of purposefully concealing major safety flaws including those including malfunctioning ignition switches connected to almost 400 deaths and injuries, the company stated. An Orange County superior court judge last week authorized the settlement for alleged offenses of unreasonable competition
General Motors is positive about reaching a settlement with dealerships in India before stopping sales in the nation although half say the compensation available is too low, individuals knowledgeable about the matter stated after the first round of discussions. American automaker last month stated it would stop offering passenger cars by the end of the
General Motors will cut headcount in its global headquarters in Singapore as part of its efforts to decrease exposure to unprofitable and unpromising markets. GM International – which manages markets such as India, Southeast Asia, and South Korea, to name a few – will decrease its staff to about 50 from 180 by the year
General Motors prepares to stop selling automobiles in India by the end of this year and will sell operations in South Africa, the newest steps in a plan of focusing cash and engineering effort on less, more successful markets. The Detroit automaker stated on Thursday it will take a $500 million charge in the second
General Motors has noted a record quarterly first-quarter profit on robust sales of its large pickup trucks and crossovers in the United States, as unpredictability surrounds the entire pace of domestic vehicle sales for the market. The results likewise highlight a shift where U.S. customers are preferring bigger SUVs, crossovers and trucks, instead of cars.