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General Motors CEO Mary Barra is still committing to taking the automaker fully electric by 2035, even as third-quarter earnings show Electric Vehicles (EVs) are still not profitable. “That is the plan we’re still executing,” Barra told the New York Times of GM’s plans to fully transition to EVs by 2035 regardless of who is in the White House. Barra first made the commitment in 2021 after President Joe Biden and Vice President Kamala Harris took office. The commitment, though, has not made EVs any more profitable.

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General Motors will lay off about 1,300 workers from two of its Michigan plants, according to WARN notices the company has filed with state regulators. The job cuts at GM’s Orion Assembly and Lansing Grand River Assembly, which will take place in the new year, come after the automaker said in October that it would be delaying electric pickup truck production into 2025. The layoffs at GM’s Orion plant will affect 945 employees, while 369 employees will be cut from the Lansing assembly plant. The Orion plant produced the Chevrolet Bolt EV and Bolt EUV crossover, and GM is planning...

United Auto Workers president Shawn Fain compared Israel to the fascist nations of World War II in a tweet Friday celebrating the union’s call for a permanent ceasefire in Gaza, after the Palestinian Hamas terror organization violated a seven-day truce.

President Biden on Friday delivered brief remarks on the United Auto Workers strike that began Thursday night, accusing auto companies of refusing to share their profits with workers. In a televised statement, Biden said the Big Three automakers were making "record profits" that "have not been shared fairly, in my view, with workers." "No one wants a strike," Biden said. "But I respect workers' right to use their options under the collective bargaining system. Autoworkers sacrificed so much to keep the industry alive and strong, especially through the economic crisis and the pandemic. Workers deserve a fair share of the...

When will shareholders ask Ford to choose between Klaus Schwab and their money? No one except the state wants them. And who cares what consumers or shareholders want? Not Ford. Back in March, I wrote that, “Ford reported that it’s going to lose $3 billion on electric cars in 2023. Unlike most automakers, Ford reports its electric vehicle numbers separately, but experts estimate that most car companies are losing similar amounts on the dead end business.” “Ford plans to make 2 million electric cars every year by 2025. That would be impressive considering that Ford only sold 61,575 of them...

U.S. Department of Energy (DOE) announced it will be giving Ford $9.2 billion loan to build electric vehicle (EV) factories. Ford will be using this loan to build three separate factories, will substantially increase the American car manufacturer’s capacity for building vehicles that do not rely on gas. “Not since the advent of the auto industry 100 years ago have we seen an investment like that,” Gary Silberg, global automotive sector leader at the accounting firm KPMG, told Bloomberg. Ford’s dedication to ramping up EV production includes plans to make clean energy vehicles more affordable. That’s an important development as,...

We guess Ford didn’t have the budget to hire Dylan Mulvaney to step out of the driver’s seat of its rainbow-flag Raptor. See, you have two trucks so covered in mud you can’t tell the difference … until the mud washes off and one is revealed to be a Pride-themed truck. In case you didn’t get it, Ford lights up the word “tough” in rainbow lights. Ford doesn’t have any Clydesdales handy to whip out a new ad as Anheuser-Busch did.

– General Motors plans to stop production of its electric Chevrolet Bolt models by the end of this year, CEO Mary Barra told investors Tuesday when discussing the company’s first-quarter earnings. The Chevy Bolt EV and EUV, a larger version of the car, make up the vast majority of the company’s electric vehicle sales to date. However, the battery cells in the cars are an older design and chemistry than the automaker’s newer electric vehicles such as the GMC Hummer and Cadillac Lyriq, which utilize GM’s Ultium architecture.

Jan. 20 (UPI) -- General Motors announced Friday it will invest $918 million in four of its plants to build its sixth-generation small block V-8 engine and to support electric vehicle production. The Flint Engine Operations plant in Flint, Mich., will get $579 million for new V-8 engine production. GM will invest $216 million in its Bay City, Mich., GPS plant to support Flint engine production. Defiance, Ohio will get a $55 million investment, including $8 million to "support future EV strategies." And in Rochester, N.Y., GM plans to invest $68 million, including $56 million for battery pack cooling lines...

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.

Cadillac is testing the limits of its brand allure and pricing power with the 2024 Celestiq – a large, bespoke electric car that will start at more than $300,000. The vehicle – unveiled Monday night – launches the General Motors brand into the ultra-luxury segment against the likes of Bentley and Rolls-Royce. It’s something no American brand has successfully done in modern times. Executives say the vehicle is more about creating a “halo car” that helps burnish Cadillac’s image, rather than fueling overall sales or profits. But, if successful, it could create a new two-unit business model for the company:...

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...

Both Ford and GM are directing their dealers to stop charging so much for autos, according to a new report by the Wall Street Journal. Dealerships have been marking up vehicles over sticker price as a result of a drought of inventory, attributable to supply chain issues and the semiconductor shortage, combined with increased demand. But Ford Chief Executive Jim Farley said this week that dealers who gouge prices will “face consequences” that may include losing supplies of future models. “We have very good knowledge of who they are,” he said on his company’s earnings call, talking about these dealerships....

We've always pushed for General Motors to succeed with EVs. In fact, if you know anything about InsideEVs' history, you know that we got our start due in part to a loyal group of Chevrolet Volt owners, and several of us still own GM EVs. That said, GM has been talking up its massive EV future for years, though it doesn't yet have a whole lot to show. According to CEO Mary Barra, that's all about to come to an end, and rather quickly. General Motors has big plans to invest a ton of money into the segment. Just last...

Iconic American car manufacture Chevrolet has premiered a heartfelt holiday spot centered around love, redemption and restoration. Based on true events, ‘Holiday Ride’ opens with some downbeat guitar chords as we see an older man try to get into the Christmas spirit by hanging up a wreath on the door of his garage. Inside rests a 1966 Chevy Impala, and as the main character sits in the front seat he is flooded with memories of his late wife. Noticing that her dad is feeling reflective, his daughter speaks to local mechanics to see if they are able to restore the...

KEY POINTS Shares of Rivian, an electric vehicle start-up backed by Amazon and Ford, opened at $106.75 per share on its first trading on Wednesday. At its opening price, Rivian is already worth more than automakers Ford and GM. ======================================================================== Rivian Automotive shares ended the day up 29% in their debut Wednesday, giving the Amazon and Ford-backed electric vehicle start-up a market valuation of $86 billion after one of the biggest IPOs this year. Shares of Rivian originally priced at $78 a piece Tuesday night, but popped more than 50% Wednesday when it opened at $106.75 per share, before paring...

If you're a Tesla and EV fan, you might be aware that an EV Tsunami is about to arrive from China towards western OEM shores.In this video I'll show, with some help from Sandy Munro and The Limiting Factor:* WHEN this Tsunami of Chinese EVs should start* and HOW it would affect the sales of Western OEMs such as BMW, GM and Ford - as well as their stock pricesBOTTOM LINE - The Chinese EV invasion should arrive MUCH FASTER than most people (even you!) might think, and its effects on Western OEM's competitiveness and stock prices will be DEVASTATING.Ford,...

General Motors is recalling tens of thousands of Chevrolet all-electric Bolt hatchbacks for the second time in less than a year because of a potential fire risk. The company made the move on Friday after two Bolts caught fire without impact recently. GM is confirming that at least one of the Bolt fires was battery related and happened despite the owner getting the fix from the first recall. This time, GM said it would recall all 2017-19 model-year Bolts. In total, the recall involves 68,000 vehicles globally; of those, 50,925 are in the United States. The vehicles contain high voltage...