General Motors Co

A BYD Seagull small electric car is on display during the 20th Shanghai International Automobile Industry Exhibition at the National Exhibition and Convention Center (Shanghai)Vcg | Visual China Group | Getty ImagesLIVONIA, Mich. – A small electric vehicle is having a big impact on the global automotive industry.It's not the EV itself that's making waves but its price — and its potential to disrupt domestic auto industries around the world.The China-built BYD Seagull, a small all-electric hatchback, starts at just 69,800…

U.S. Treasury Secretary Janet Yellen testifies before a House Financial Services Committee hearing on the “Annual Report of the Financial Stability Oversight Council" on Capitol Hill in Washington, D.C., on Feb. 6, 2024.Amanda Andrade-rhoades | ReutersTreasury Secretary Janet Yellen on Wednesday lauded President Joe Biden's investment in electric vehicles for accelerating the sector, even as the industry cools off from its yearslong hot streak.Yellen touted Biden's EV actions in Kentucky at a new $49 million EV battery…

General Motors Executive Vice President Global Manufacturing and Labor Relations Gerald Johnson (middle) watches as engineers and technicians set-up and test the machines that will be used to manufacture Level 1 face masks at a plant in Warren, Michigan.Photo by John F. Martin for General MotorsDETROIT – General Motors' long-time head of manufacturing is retiring, and the company has hired a former Tesla and Google executive to fill his shoes.The Detroit automaker said on Tuesday that Gerald Johnson, executive vice…

Although consumer demand for EVs hasn't shown up in the way executives had expected, sales of the vehicles are still predicted to increase in the years to come.Andrew Merry | Moment | Getty ImagesDETROIT — The buzz around electric vehicles is wearing off.For years, the automotive industry has been in a state of EV euphoria. Automakers trotted out optimistic sales forecasts for electric models and announced ambitious targets for EV growth. Wall Street boosted valuations for legacy automakers and startup entrants alike,…

Elon Musk at a Tesla Motors press conference at the 2009 North American Auto Show.James Leynse | Corbis Historical | Getty ImagesThe term "collectible vehicle" might conjure up images of an elegant convertible from the 1930s, or maybe a souped-up muscle car. But time moves on. A new crop of all-electric vehicles and hybrid cars have begun to draw interest from collectors despite big price reductions on new EVs and a volatile used marketplace where five-year-old EVs depreciate almost 50% and used hybrids hold their value…

Chevrolet All-Electric Blazer EVScott Mlyn | CNBCDETROIT – General Motors is reducing the price of its new Chevrolet Blazer EV as it restarts sales of the vehicle Friday following an 11-week stoppage to address software issues.GM halted sales of the EV in late December following reports by customers and media of problems involving the vehicle's infotainment and charging systems, including an inability to charge its battery that could leave drivers stranded.The issues all affected the vehicle's software and were fixed…

A 2022 Ford Motor Co. Maverick compact pickup truck during the Washington Auto Show in Washington, D.C., on Friday, Jan. 21, 2022.Al Drago | Bloomberg | Getty ImagesDETROIT – Ford Motor's U.S. sales jumped 10.5% last month compared with February 2023, led by increases in its hybrid and all-electric vehicles sales.The Detroit automaker Monday reported sales of 174,192 cars and trucks for February. The results included an 81% jump in EV sales and roughly 32% uptick in hybrid models. Sales of traditional internal combustion…

Passengers ride in an electric Waymo full self-driving technology in Santa MonicaAllen J. Schaben | Los Angeles Times | Getty ImagesAlphabet's Waymo robotaxi unit won approval from the California Public Utilities Commission to expand service to parts of Los Angeles and the Bay Area, according to a notice posted to the regulator's website on Friday."Waymo may begin fared driverless passenger service operations in the specified areas of Los Angeles and the San Francisco Peninsula, effective today," the release said.In…

A Tesla electric car is plugged into a recharging terminal at a Healthy Living Market store in South Burlington, Vermont, June 18, 2023.Robert Nickelsberg | Getty ImagesAs of Thursday, owners of Ford electric vehicles — the Mustang Mach-E and F-150 Lightning — in North America finally have the ability to power up using Tesla Superchargers.Ford CEO Jim Farley wrote in a post on LinkedIn that the charging partnership, which involves use of fast-charging adapters, should "improve the EV ownership experience," for Ford EV…

Apple offered investors more reasons to like its stock after the company reportedly canceled its decadelong electric, self-driving car project and CEO Tim Cook talked up the iPhone maker's artificial intelligence vision. The tech giant announced the end to its autonomous EV pursuits internally Tuesday, Bloomberg News reported , citing people with knowledge of the matter. Many employees on the nearly 2,000-person team will be tasked to work on Apple's AI unit instead, Bloomberg said. At Apple's virtual shareholder meeting…