Tag: General Motors Co

Here are the best-selling electric cars in China so far this year

A Tesla salesperson (L) speaks to a visitor as they sit in a Tesla Model Y car at a Tesla showroom in Beijing on January 5, 2021. Wang Zhao | AFP | Getty Images BEIJING — Tesla took two of the top three spots for best-selling electric car models in China, industry data for the […]

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GM says it will double annual revenue by 2030 to $280 billion in digital push to be seen more like Tesla

DETROIT — General Motors plans to double its annual revenue to $280 billion by the end of this decade as it transitions to all-electric vehicles and diversifies its operations beyond selling cars and trucks. The automaker announced the new revenue target, along with fatter projected operating profit margins of 12% to 14%, on Wednesday ahead […]

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Rivian, electric vehicle maker backed by Amazon and Ford, files to go public

Rivian Automotive, a company developing electric vehicles, including commercial delivery vans for Amazon, filed for an initial public offering on Friday. The company aims to trade on the Nasdaq under the ticker symbol “RIVN.” Its paperwork shows a $994 million net loss on zero revenue in the first six months of 2021. In 2020 the […]

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A flippant Elon Musk takes shots at Biden, the SEC and anti-nuclear sentiment

Elon Musk, Tesla CEO, stands in the foundry of the Tesla Gigafactory during a press event. year. Patrick Pleul | picture alliance | picture alliance | Getty Images SpaceX and Tesla CEO Elon Musk criticized President Joe Biden on Tuesday, deeming his administration “biased” against Tesla and saying it appears to be “controlled” by unions […]

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Ford and SK Innovation to spend $11 billion, create 11,000 jobs on new U.S. EV and battery plants

DETROIT – Ford Motor and battery supplier SK Innovation plan to invest more than $11.4 billion in new U.S. facilities that will create nearly 11,000 jobs to produce electric vehicles and batteries. Ford is building twin lithium-ion battery plants in central Kentucky through a joint venture with South Korea-based SK called BlueOvalSK as well as […]

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Chip shortage expected to cost auto industry $210 billion in revenue in 2021

Ford started resuming vehicle production in the U.S. on May 18, 2020 with new coronavirus safety protocols such as health assessments, personal protective equipment and facility modifications to increase social distancing. Ford With no end in sight this year, the ongoing semiconductor chip shortage is now expected to cost the global automotive industry an estimated […]

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GM expands OnStar by offering 911 emergency services for your home through Amazon Alexa

Andrew Matthews | PA Images | Getty Images DETROIT – General Motors plans to expand its 911 emergency services for vehicles to customers’ homes through a new partnership with Amazon.   The Detroit automaker said Wednesday it will launch a new OnStar Guardian for Amazon’s popular voice assistant Alexa that allows subscribers to connect with […]

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Jay Leno says, ‘the electric car is here to stay,’ despite Chevy Bolt recalls

Jay Leno gave CNBC’s “The News with Shepard Smith” an optimistic outlook when it comes to the future of electric cars, despite the latest warning from General Motors to owners of some Chevy Bolts, advising them not to park within 50 feet of other cars. “The last days of old technology are always better than the […]

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GM advising some Bolt EV owners to park 50 feet away from other cars in case of fire

The Vermont State Police released this photo of the 2019 Chevrolet Bolt EV that caught fire on July 1, 2021 in the driveway of state Rep. Timothy Briglin, a Democrat. Vermont State Police DETROIT – General Motors is advising some Chevrolet Bolt owners to not park their electric cars within 50 feet of other vehicles […]

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