GM and Ford, Driving to Beat Tesla, Turn on Each Other

Ten miles away at Ford F -0.18% Motor Co.’s headquarters, executives were plotting a pre-emptive public-relations strike, said people familiar with the plan. The day before Ms. Barra’s presentation in January, Ford said it would double factory capacity for its F-150 Lightning electric truck, citing overwhelming demand. Ford shares surged 12% that day. Within days, … Read more

Biden administration holds EV industry meeting with Tesla’s Musk, GM’s Barra

The Biden administration said senior officials held a meeting Wednesday with major automotive leaders including Tesla Chief Executive Elon Musk and General Motors Chief Executive Mary Barra to discuss electric vehicles and charging. The administration said in a statement “there was broad consensus that charging stations and vehicles need to be interoperable and provide a … Read more

GM and PG&E to Test Program for Electric Vehicles to Boost Power Grid

General Motors Co. GM 2.61% and PG&E Corp. PCG -0.10% plan to test the use of electric vehicles to power homes during outages as the California utility works to reduce the impact of wildfires on its customers. The companies said Tuesday that they plan to test the concept this summer using charging hardware and other … Read more

GM Earnings Rose Sharply in 2021

General Motors Co. GM 2.54% said it plans to accelerate the timetable for some electric-vehicle launches and will establish a third factory to build plug-in trucks, anticipating a sharp rise in demand for EVs. The disclosure follows mounting questions from Wall Street about whether the auto maker is moving quickly enough to get a planned … Read more

Electric-Vehicle Race Heats Up as Detroit Makes Its Move

The electric-vehicle race is tightening, with both Ford F -0.08% Motor Co. and General Motors Co. GM -0.95% highlighting new electric pickups, and car companies getting ready to release a barrage of new battery-powered models this year and next. Auto executives have spent the past few years talking up their ambitions, allocating billions of dollars … Read more

GM president hints at strategy disagreement with departed Cruise CEO Dan Ammann

Cruise Automation COO Dan Kan (l to r), Cruise Automation CEO Kyle Vogt and General Motors President Dan Ammann Tuesday, November, 20, 2018 at Cruise Automation offices in San Francisco, California.  Source: Noah Berger | General Motors DETROIT – General Motors has been mum about the abrupt departure Thursday of Dan Ammann, the CEO of … Read more

GM sets to double revenue, lead US in electric vehicle sales

General Motors plans to cash in as the world switches from combustion engines to battery power, promising to double its annual revenue by 2030 with an array of new electric vehicles, profitable gas-powered cars and trucks, and services such as an electronic driving system that can handle most tasks on the road. In announcements Wednesday … Read more

How GM hopes to woo Wall Street during its two-day investor event

GM CEO and chairman Mary Barra speaks during an “EV Day” on March 4, 2020 at the company’s tech and design campus in Warren, Mich., a suburb of Detroit GM DETROIT – Wall Street is expecting a lot from General Motors’ two-day investor event that starts Wednesday afternoon  – from specific revenue and earnings targets … Read more

Stocks making the biggest moves midday: Goldman Sachs, United, Discovery and more

A sign is displayed in the reception area of Goldman Sachs in Sydney, Australia. David Gray | Reuters Check out the companies making headlines in midday trading. JPMorgan, Goldman Sachs, Bank of America — Bank stocks led the market comeback on Friday as bond yields rebounded. JPMorgan, Goldman Sachs and Bank of America climbed more … Read more

GM CEO Mary Barra says company is worth more keeping EV battery unit in house

General Motors revealed its all-new modular platform and battery system, Ultium, on March 4, 2020 at its Tech Center campus in Warren, Michigan. Photo by Steve Fecht for General Motors General Motors CEO Mary Barra on Wednesday once again pushed back on the company spinning off its emerging electric-vehicle battery business. Keeping the unit within … Read more