Automakers from Toyota Motor Corp. to General Motors Co. have been ensnared by the chip shortage, forcing many to cut vehicle output
The legal fight between the two Detroit automakers turns on whether "cruise" is a generic term for technology that allows the car to take over some share of driving tasks from a human motorist
GM said adjusted earnings before interest and taxes were a record $4.1 billion, and $8.5 billion in the first half.
Full-year net income is expected to be between $6.8 billion and $7.6 billion.
General Motors is teaming up with Lockheed Martin to produce the ultimate off-road, self-driving, electric vehicles for the moon.
General Motors' first-quarter net income surged to $2.98 billion as strong US consumer demand and higher prices offset production cuts brought on by a global shortage of computer chips
The quicker push to sell the Lyriq is part of GM's strategy to take a leadership position in EVs and sell only zero-emission vehicles by 2035
GM cites global pandemic as reason for step. Firm had stopped selling cars in India in 2017 and stopped production completely on December 24, 2020
Most American car-makers have failed in making their gambit one to watch
Top automakers such as Ford, Honda, GM and Volkswagen were caught off guard by the shortage even as auto demand picked up during the Covid-19 pandemic
GM said in October it would invest $2 billion in Spring Hill to build electric vehicles
The firm says it's looking for a site to build a second US battery factory with joint venture partner LG Chem of Korea
The U.S. automaker did not disclose the impact on volumes or say which supplier or parts were affected by the chip shortage, but said it intends to recover as much of the lost output as possible
The workers' union at the Talegaon factory and the GM's management have been locked in a bitter legal feud since GM announced its decision to shutter the plant in December 2020
UPS rival FedEx said severe weather was affecting its ability to deliver packages in certain cities
GM shares were down 0.3% to $55.89 in premarket trading.
Consumers have stocked up on laptops, gaming consoles and other electronic products during the pandemic, leading to tight chip supplies
Tencent, GM and SAIC's joint venture SAIC-GM-Wuling did not immediately respond to requests for comment
GM said it will offer 30 all-electric models globally by mid-decade and 40 percent of the company's US models offered will be battery electric vehicles by the end of 2025, the release added
WASHINGTON (Reuters) - General Motors Co said Thursday it was setting a goal to sell all its new cars, SUVS and light pickup trucks with zero tailpipe emissions by 2035, a dramatic shift by the largest U.S. automaker away from gasoline and diesel engines.