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Warren Buffett’s Berkshire Hathaway unloaded its entire $850 million worth of General Motors (GM) stock last quarter, according to a Securities and Exchange Commission filing.

General Motors (GM) faces an unprecedented EV crisis as CEO Mary Barra unexpectedly halts EV production and scraps most electric plans. This abrupt move has reverberated across the automotive landscape. The primary reason? A significant lack of demand. Dealerships are overwhelmed with nearly 92,000 unsold EVs, posing a daunting challenge.

A federal judge on Tuesday refused to bring back a class action lawsuit alleging four auto manufacturers had violated Washington state’s privacy laws by using vehicles’ on-board infotainment systems to record and intercept customers’ private text messages and mobile phone call logs. The Seattle-based appellate judge ruled that the practice does not meet the threshold for an illegal privacy violation under state law, handing a big win to automakers Honda, Toyota, Volkswagen and General Motors, which are defendants in five related class action suits focused on the issue. One of those cases, against Ford, had been dismissed on appeal previously....

General Motors is building Silverado EVs. It delivered a whole 18 of them during the third quarter of this year. It planned to expand production beyond its Detroit-Hamtramck facility, also known as "Factory Zero", by 2024 to Orion Assembly where the Bolt EV is built, albeit not for much longer. That plan has now been pushed back to late 2025, and according to GM, the decision was not made due to any supply shortages, or even the ongoing United Auto Workers strike. It could be indicative of waning consumer enthusiasm for fully electric vehicles as a whole. The automaker cited...

"[Michael] Andretti can make a case that keeping him out of F1 is indeed personal: Three different people with direct knowledge of the conversations confirmed to AP that F1 asked General Motors if it would partner with someone other than Andretti," wrote Jenna Fryer in her latest AP column.

Tesla, General Motors, and Ford have reportedly all hit the brakes on electric vehicle (EV) production, citing concerns of economic uncertainties fears of a slowdown in EV demand. On Wednesday, Tesla joined General Motors and Ford in being cautious about expanding EV production capacity, with the company’s CEO Elon Musk saying he was worried that higher borrowing costs would prevent potential customers from affording Tesla vehicles, according to a report by Reuters. “People hesitate to buy a new car if there’s uncertainty in the economy,” Musk reportedly said on a post-earnings call. “I don’t want to be going into top...

The United Auto Workers strike against the 'Big Three' Detroit carmakers entered its second day on Saturday, and some union members are questioning whether President Joe Biden has done enough to back their cause. The strike involves 13,000 workers so far, less than a tenth of the union's total membership, but UAW's strike fund has enough cash to support a full 150,000-member walkout for up to three months. The union representing workers at General Motors, Ford and Stellantis is seeking a 40 percent raise for its workers. The walkout is limited for now to three assembly plants: a GM factory...

The brother of President Joe Biden’s top adviser is a lobbyist for General Motors (GM), complicating matters for the White House as the United Auto Workers (UAW) strike against record inflation and the administration’s electric vehicle (EV) mandates. Jeff Ricchetti, the brother of Steve Ricchetti, who currently serves as Counselor to the President in the Biden administration, has a well-documented history of lobbying for GM. Steve Ricchetti was also once a lobbyist for GM. Most recently, Politico buried in a report regarding Biden’s ties to GM CEO Mary Barra how the White House has many close ties to the automaker....

On Tuesday, President Joe Biden visited members of the United Auto Workers (UAW) who are striking against General Motors (GM), Ford, and Stellantis. The president, though, failed to make mention his Electric Vehicle (EV) mandates which are partly responsible for the strike. Tens of thousands of auto workers are striking against the Big Three across the United States, looking to secure a new labor contract that includes wage increases to keep up with Biden’s record inflation and commitments that their jobs will not be eliminated by Biden’s green energy agenda which includes EV mandates. During his visit with UAW members...

The United Auto Workers (UAW) will expand its strike Friday afternoon, with employees walking off the job at General Motors and Stellantis parts distribution facilities, union President Shawn Fain announced. Fain, in livestreamed remarks, said workers have made progress in negotiations with Ford since a targeted strike began at the Big Three auto companies last week. “At GM and Stellantis, it’s a different story,” Fain said. The union is expanding the strike Friday to include Stellantis and GM facilities at 38 locations across 28 states, he said. “We will shut down parts distribution until those two companies come to their...

FLINT, Michigan (AP) — General Motors plans to invest more than $1 billion in two Flint, Michigan, manufacturing plants for the production of the next-generation internal combustion engine heavy-duty trucks. Gerald Johnson, executive vice president, Global Manufacturing and Sustainability, said Monday that the company will build internal combustion vehicles throughout this decade, in addition to making electric vehicles. GM has a goal of building only electric passenger vehicles in the United States by 2035.

President Joe Biden promised to be the “most pro-union president” in U.S. history. But his push to transition to electric vehicles (EVs) may be costing him a union endorsement — at least for now. United Auto Workers (UAW) President Shawn Fain said in a letter seen by Reuters the union would hold off on endorsing Biden’s re-election bid due to concerns about the EV push. “The federal government is pouring billions into the electric vehicle transition, with no strings attached and no commitment to workers. The EV transition is at serious risk of becoming a race to the bottom,” Fain...

DETROIT – General Motors will offer voluntary buyouts to a “majority” of its 58,000 U.S. white-collar employees, as it aims to cut $2 billion in structural costs over the next two years, according to a letter sent to workers Thursday from CEO Mary Barra. The “Voluntary Separation Program,” or VSP, will be offered to all U.S. salaried employees who have spent five or more years at the company as of June 30. Outside of the U.S., the automaker will offer buyouts to executives with at least two years of time at the company. GM expects to take a pretax charge...

General Motors (GM) provided a grant to a pro-transgender organization that supplies kindergarten and elementary classrooms with children’s books that support its ideology.The Detroit-based automaker made a donation last year to the Gay Lesbian and Straight Education Network’s (GLSEN) “Rainbow Library” Program, according to its 2021 Social Impact Report (pdf).The pro-transgender organization is known for lobbying school districts to allow boys who have undergone sex changes to play on girls’ sports teams and use female-specific restrooms, Breitbart reported.The GM report admitted to funding the “Rainbow Library’s” efforts to provide “supportive curriculum materials and book sets that are LGBTQ+ centered, racially...

The owner of a Hummer electric truck was shocked to learn replacing his tail lights is a rather expensive venture. “Had a shocker today,” the owner wrote in a Hummer EV Facebook group. “A new passenger side rear light for the Hummer EV; $4,040 just to buy it.” Car review website the Drive confirmed General Motor’s list price for one tail light is $3,045. Without factoring in labor, the list price for a set of tail lights runs for nearly $6,100, a cost equaling more than 5% of the Hummer EV’s MSRP. “The taillights in the Hummer EV have small...

Elon Musk has already had a volatile effect after taking control of Twitter, and at least one advertiser - one of Musk's Tesla competitors - has paused advertising on the social media giant to take stock of the situation. General Motors, which competes with Musk's car company, announced it has 'temporarily paused' it's paid advertising on Twitter. However, the company said in a statement that they will continue to interact with Twitter's customer care service.

This just in: We have our first Woke corporation that can’t stand the idea of Americans having free speech on Twitter. GM has temporarily suspended ads on Twitter after the Elon Musk takeover, as reported by CNBC. So it begins.

General Motors’ venture capital arm has invested in a California startup that’s making imitation leather from mushrooms. The material is made by MycoWorks using the root-like structures of mushrooms, called mycelia. It could provide an alternative to both traditional leather made from animal skins, usually cattle, and artificial leather made from plastics. The auto industry is the largest user of leather other than for shoes, according to 2015 data from International Council of Tanners. MycoWorks grows these threadlike mycelia into flexible, leather-like sheets. The resulting material feels like leather, has similar durability and can be colored using processes that do...

It must be one of the more dramatic failures of an electric vehicle chronicled thus far. And it could have ended up much worse. In a video posted on YouTube on Tuesday, Roman Mica, publisher of the website The Fast Lane Truck, recounted how his website had purchased a brand new General Motors Hummer EV. Price: $115,000. After only a few days, and with fewer than 250 miles on the vehicle, the Hummer had problems in spectacular fashion. Alone on a busy highway, Mica found himself stranded. In true journalistic fashion, he pulled out his camera and documented what had...

Earlier this month, President Joe Biden showed up at the North American International Auto Show in Detroit to announce spending $900 million to build about 500,000 charging stations across dozens of states, CBS News reported. The first tranche of $900 million — out of $5 billion in infrastructure money over five years — will be used to build electric vehicle chargers in 35 states. The chargers will be found across 53,000 miles of highway with the goal of promoting electric vehicle use. "The great American road trip is going to be fully electrified,” Bident said to a crowd of autoworkers...