Hyundai Motor Group and General Motors announced separately Tuesday plans to build electric vehicle battery plants in the U.S. in partnership with South Korean battery manufacturing firms. Hyundai will set […]
General Motors
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Back to news homeG.M.’s Profits Fell 18.5 Percent in the First Quarter
General Motors on Tuesday reported an 18.5 percent drop in profits in the first quarter, mainly because of the cost of job cuts and slowing new-vehicle sales in China. The […]
Electric Vehicle Tax Credit Rules Create ‘Chaos for Consumers’
Designed to accelerate the shift to electric cars among other climate goals, the Inflation Reduction Act has in practice made buying such vehicles a lot more complicated.In August, the law […]
BMW, Rivian, Hyundai, Volvo lose access to EV tax credit
The United States Treasury updated its list of electric vehicles eligible for a $7,500 EV tax credit per its new rules for battery sourcing, and BMW, Nissan, Rivian, Hyundai, Volvo […]
U.S. Car Brands Will Benefit Most From Electric Vehicle Tax Breaks
American brands like Tesla and General Motors will benefit most from rules that determine which electric vehicles qualify for tax credits starting on Tuesday. Foreign carmakers like Hyundai will be […]
GM leads $50M EnergyX deal to lock down lithium for its EVs
Eager to secure all the lithium it needs to power a growing lineup of electric vehicles, General Motors said on Tuesday that it will lead a $50 million investment into […]
Automakers Face Test in Reaching U.S. Target for Electric Vehicles
The Biden administration’s plan to accelerate the adoption of electric vehicles — reaching a two-thirds share of new cars in less than a decade — pushes automakers further in a […]
In Ohio, Electric Cars Are Starting to Reshape Jobs and Companies
Erick Belmer has seen how tough the car business can be. He was working at a General Motors plant in Lordstown, Ohio, when it shut down in 2019, devastating the […]
End of the Gas-Engine Camaro Opens a New Door for Muscle Cars
The modern Camaro shares its “Alpha” platform with Cadillac’s best sports sedans, including G.M.’s groundbreaking magnetic suspensions, a technology now adopted by Ferrari, Audi and others. For top Camaros and […]
President Is Ousted in United Auto Workers Election
An insurgent candidate has won the presidency of the United Auto Workers union, potentially setting the organization on a more confrontational path as it heads into contract talks this year […]