GMs

GM CruiseGeneral Motors' Cruise saw its internal share price cut by more than half from a quarter ago as the fallout from an October accident continues to weigh on the self-driving car company.Cruise employees were told the share price had been estimated by a third party at USD 11.80, according to an email viewed by Reuters. That's down from a prior estimate of USD 24.27 just one quarter ago."We cannot ignore that this estimate is significantly lower than we've seen…

The next-gen Chevy Bolt EV is due out next year after GM ended production of its top-selling electric model at the end of 2023. GM’s CFO Paul Jacobson says the new Bolt EV will save the company billions by becoming North America’s first Ultium-based model to use LFP batteries. After EV enthusiasts like myself were disappointed to learn GM planned to discontinue the electric Chevy Bolt EV last year, GM’s CEO Mary Barra revealed a next-gen model was in the works. During a media call last July, Barra…

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…

If you were waiting on an electric GM truck similar in size to the Ford Maverick, you may be out of luck. GM is reportedly canceling plans to develop a compact electric pickup amid its shift toward plug-in hybrids (PHEVs). GM cancels plans for an electric Ford Maverick rival GM’s CEO Mary Barra announced several “organizational and process improvements” on the automaker’s Q4 earnings call last month. Among these, Barra said, was “deploying plug-in technology in strategic segments.” GM…

After temporarily losing availability for federal tax credits in early January, Cadillac has announced the LYRIQ is once again eligible for the total amount of up to $7,500. Additionally, some previously ineligible LYRIQs will receive a purchase incentive from Cadillac directly. In late 2023, GM announced that starting January 1, 2024, its Chevy Blazer EV and Cadillac LYRIQ would lose eligibility for the US government’s clean vehicle credit following revised guidelines from the Treasury. GM said the…

While Tesla is certainly known for its self-driving technology (almost everyone has heard Tesla and Autopilot in the same sentence at some point), another automaker wants to take on the company as the most trusted brand for driving hands-free. Who would have thought that company would be General Motors?The company has been building out its Super Cruise technology for years now and has been continuously adding more roads to work with the feature. In August of last year, GM expanded the network to 400,000 miles of…

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…

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' Cruise self-driving car unit faces a trip that could last the better part of this year to convince regulators and a wary public that its robotaxis are fit to share the road with human drivers, industry officials said. After releasing a withering safety report last week that Cruise commissioned, GM…

2024 Cadillac Lyriq Luxury trim (Source: Cadillac) Despite a truly terrible year for GM that involved plants being shut down for weeks due to a union strike, Bolt battery recalls, EV production problems, and the nightmare that keeps on giving that is Cruise, General Motors says it should tally up nearly $10 billion for 2023 – but we certainly don’t owe that to stellar EV sales. GM released its annual forecast with fresh clarity, it says, about labor costs after the ink has dried on…

GM’s Cruise self-driving car unit on Thursday revealed US Department of Justice and Securities and Exchange Commission probes stemming from an October collision in which one of its autonomous vehicles dragged a pedestrian who had been struck by another vehicle.Cruise reported the government investigations in a blog post in which the company also vowed to reform its culture stemming from a “failure of leadership” around the incident. The blog post did not disclose the status of the victim, who was dragged 20ft by the…