general motors co. - GM

American consumers are voting with their dollar at car dealerships nationwide, where both average car costs and average insurance rates have spiked in 2024.

General Motors told its shareholders Tuesday that its electric vehicles program is not yet profitable, but it making "progress."

Data shows General Motors, Walmart and LG Electronics have the greatest exposure to the ongoing union dockworkers' strike impacting dozens of ports on the East and Gulf coasts.

The strike by unionized dockworkers at East and Gulf Coast ports has the potential to disrupt auto manufacturers' production due to delayed shipments of auto parts.

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 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.

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 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 is indefinitely suspending production of the Cruise Origin as it focuses more attention on the Chevrolet EV Bolt. The self-driving cars were allowed back on the road this spring.

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.