General Motors

Representative image.The U.S. Energy Department said on Thursday it gave preliminary approval for nearly USD 710 million in loans to electric vehicle (EV) technology manufacturing ventures, although the Biden administration still has USD 221.8 billion in loan capacity to fund clean-energy projects.South Korean company SK Siltron CSS is set to receive USD 544 million to expand a plant in Bay City, Michigan that produces high power silicon carbide wafers used in electric…

Representative image.General Motors' self-driving car unit Cruise is preparing to resume testing its robotaxis on public roads with safety drivers in the coming weeks, with Houston and Dallas as potential locations, Bloomberg News reported on Thursday.Cruise suspended its U.S. operations in October after an incident in San Francisco, where one of its robotaxis dragged a pedestrian struck by another car."We have not set a timeline for deployment. Our goal is to relaunch…

Chevrolet It looks like the Bolt isn’t dead after all. Only a few months after Chevrolet announced that it would be killing the Bolt EV, the company reversed course and said that the Bolt will live on. And, finally, we have a few more details about what will likely remain one of the cheapest EVs in its next iteration. That’s not to say it’ll ever be the same again, though. On the contrary, Chevrolet says that it’ll be releasing a new-and-improved second generation of the Bolt that’ll be built on General Motors’…

As Teslas and other electric vehicles dazzled car buyers with futuristic technology and dreams of a gasoline-free future, hybrid cars began to seem like yesterday’s news. Sales of the Toyota Prius, the standard-bearer for hybrids, fell 85% over a decade. Now, a slowdown in the growth of electric-car sales has led General Motors, Ford Motor and Volkswagen to walk back ambitious targets for those vehicles. And sales of hybrids are robust, underscoring what may be the enduring reality check of 2023: Many Americans are hugely…

However, GM's Barra asserted on Tuesday that "we had already demonstrated and validated externally that Cruise technology is already safer than a human driver."General Motors Chief Executive Mary Barra said on Thursday that the automaker was looking at the best path to unlock value at its self-driving unit Cruise.Shares of GM rose about 2%.Cruise is an "incredibly valuable asset", Barra said at an event hosted by Wolfe Research.The Detroit automaker will focus on…

GM has announced a significant expansion of its Super Cruise operating area by around 750,000 miles to rural roads and minor highways in the US and Canada, TechCrunch reported. The upgrade is set to be completed by 2025 and will nearly double the automaker's current 400,000 mile network.First launched in 2017, Super Cruise allows fully hands-free operation under the supervision of a driver, who must be ready to take control at any time. It uses highly accurate GPS, cameras, radar sensors and a driver attention system to…

Samsung makes a lot of things other than smartphones, tablets, and TVs. It makes display panels, batteries, and various electronic components, and they are used by several firms worldwide. Yesterday, General Motors CEO Mary Barra met with high-ranking officials from Samsung to collaborate on batteries and other electronic components for electric vehicles. According to Yonhap News Agency, the General Motors CEO traveled to Seoul, South Korea, to meet executives from Samsung Display, Samsung Electro-Mechanics, and Samsung…

In December, Cruise announced it was cutting 24% of its workforce. GM said last week it was cutting spending by about USD 1 billion at Cruise in 2024.The California Public Utilities Commission will hold a hearing Tuesday on a bid by General Motors' Cruise unit to resolve the agency's investigation into the robotaxi company's failure to disclose details of a pedestrian crash involving a self-driving car.In December, the commission (CPUC) ordered Cruise to appear, citing…

Autonomous vehicle operator Cruise said Thursday that federal regulators are looking into its handling of an October 2 pedestrian collision in San Francisco.“We are fully cooperating with the state and federal regulatory and enforcement agencies which have opened investigations or inquiries in connection with the incident, including the California DMV, the California Public Utilities Commission, the National Highway Traffic Safety Administration, the U.S. Department of Justice, and the U.S. Securities and Exchange…

A law firm hired by the General Motors’ self-driving subsidiary Cruise to investigate the company’s response to a gruesome San Francisco crash last year found that the company failed to fully disclose disturbing details to regulators, the tech company said today in a blog post. The incident in October led California regulators to suspend Cruise’s license to operate driverless vehicles in San Francisco.The new report by law firm Quinn Emanuel says that Cruise failed to tell California’s Department of Motor Vehicles that…