GM lays off over 1,700 workers indefinitely as EV demand slows
GM announced indefinite layoffs for 1,750 workers and temporary cuts for 1,670 others as the automaker scales back electric vehicle production at Factory Zero.
FOX Business Briefs 10/21
GM sold a record number of EVs in third quarter; Coca-Cola sees third-quarter revenue rise on higher prices; Starbucks holds around $2 billion in unused funds from gift cards; bar expert Jon Taffer expands empire with new Taffer’s Tavern locations.
GM takes $1.6B financial hit as EV tax credit changes force strategy overhaul
GM announced a $1.6 billion third-quarter charge as it revamps its electric vehicle strategy following the end of federal EV tax credits under the Trump administration.
Newsom says GM's Mary Barra 'sold us out' on electric vehicle policies and federal subsidies
Governor Gavin Newsom slammed General Motors and CEO Mary Barra over federal electric vehicle subsidy cuts, saying the company sold out California's EV progress.
Trump admin considers government stake in lithium mining company
Lithium Americas' stock nearly doubled Wednesday after reports the Trump administration is seeking a less than 10% stake in the firm while renegotiating a $2.26 billion loan.
GM profit shrinks despite stronger sales
Automaker General Motors posted a 12% sales gain through the first half of year while working to mitigate the effects of President Donald Trump's tariffs.
General Motors recalls 62,500 Chevy Silverados over brake fire risk
General Motors is recalling nearly 62,500 Chevrolet Silverado pickup trucks because their brake pressure sensor assembly could potentially leak and pose a fire risk.
FOX Business Briefs 6/11
All eyes are on the May CPI report; GM plans $4 billion investment to boost U.S. manufacturing; L’Oréal taps Nvidia tech to supercharge its AI efforts; Nintendo Switch 2 breaks records with historic launch sales.
General Motors is halting exports of vehicles to China
General Motors said it has "decided to restructure the Durant Guild and correspondingly optimize GM China’s operations" because of "significant changes to economic conditions."
Secret Service receives 10 vehicles for agent training from General Motors
The U.S. Secret Service recently received 10 vehicles from automaker General Motors. The array, which included SUVs, trucks and sedans, will be tested and used for training.
GM recalls nearly 600K vehicles with 6.2L V8 over risk of possible engine failure
General Motors has a recall underway for almost 600,000 vehicles in the U.S. for a potential problem with certain parts that could make their engines fail.
GM temporarily lays off 200 workers at all-EV plant
General Motors said Thursday that it is temporarily laying off hundreds of workers at its all EV-plant in Detroit in response to market dynamics.
GM recalls more than 90K vehicles over transmission issue
General Motors is recalling certain Cadillac and Chevrolet vehicles due to a potential transmission issue. The automaker's recall covers different model years.
GM recalling 450,000 trucks, SUVs over brake warning
GM is recalling 450,000 2023 and 2024 trucks and SUVs of varying models due to a faulty brake fluid light apparently caused by a computer issue that doesn't relay the necessary information.
GM laying off staff in software and services division
GM is laying off employees in its software and services division. The Detroit-based automaker did not specify the total number of workers affected by the move.
2025 Corvette ZR1 comes with 1K horsepower and possibly a steep price tag
General Motors-owned Chevrolet said Thursday its upcoming 2025 Corvette ZR1 sports car promises a whopping 1,064 horsepower. It will start production next year.
GM CEO Mary Barra on EV strategy as 2024 election heats up
GM CEO Mary Barra said she's comfortable with the automaker's EV strategy as the looming presidential election creates uncertainty about the next administration's view of EV regulations.
GM, Ford may see profit hit amid cooling EV demand, US dealer software problems
GM and Ford may post smaller quarterly profits this week after slowing consumer demand for EVs and a cyberattack on a critical software system used by dealerships disrupted sales.
GM approves new $6B stock buyback on strong demand for gas-powered vehicles
General Motors announced it has approved a new share repurchase authorization to buy back up to $6 billion worth of the automaker's stock, citing strong demand for gas-powered vehicles.
GMC 2024 Sierra EV Denali rolling out with 440-mile range and 'CrabWalk' feature
GMC's new 2024 Sierra EV Denali 1 will be available this summer with a longer range than previously projected and the automaker's "CrabWalk" diagonal driving feature.

















