General Motors Co. CFO Paul Jacobson said on Tuesday the company will spend about $2 billion on its self-driving taxi fleet Cruise this year. What Happened The legacy automaker said it is just a permit away from being able to begin charging for rides. “Inclusive of the incremental stock compensation expenses, we expect full-year 2022 expenses at Cruise to…
GM to Spend $2 Billion on Self-Driving Startup Cruise This Year, Just a Permit Away From Charging Customers
San Francisco Officers Pulled Over a Driverless GM Cruise
April 14, 2022
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General Motors Co.-owned, self-driving taxi service Cruise’s unusual pit stop on a San Francisco street last week left onlookers in splits. What Happened A driverless Cruise-converted Chevy Bolt was pulled over by San Francisco traffic police officers. The vehicle complied, made the stop, and then zipped to a safer spot ahead of the traffic lights with the police following…
GM Recalls Nearly 682,000 SUVs, Windshield Wipers Can Fail
DETROIT—General Motors is recalling nearly 682,000 compact SUVs because the windshield wipers can fail. The recall covers the Chevrolet Equinox and GMC Terrain from the 2014 and 2015 model years. Ball joints in the wiper module can rust, causing one or both wipers to fail, increasing the risk of a crash. Dealers will inspect the…
General Motors Recalls 740,000 SUVs; Headlights Are Too Bright
DETROIT—General Motors is recalling more than 740,000 small SUVs in the United States because the headlight beams can be too bright and cause glare for oncoming drivers. The recall announced Tuesday comes after U.S. safety regulators turned down a request from the Detroit automaker to avoid the recall. The company is recalling GMC Terrain SUVs…
GM Bets $3.5 Billion More on Self-Driving Tech Unit as SoftBank Exits
WASHINGTON—SoftBank Group Corp’s Vision Fund exited its bet on General Motors (GM) self-driving car subsidiary Cruise as the auto giant upped the ante, investing another $3.45 billion in the loss-making unit. SoftBank’s departure, which comes as the Japanese conglomerate struggles with debts, prompted questions from sector watchers about whether Cruise is ready to generate meaningful…
Chart Wars: Between Tesla And General Motors, Which EV Stock Can Reverse First?
General Motors Company and Tesla, Inc have struggled recently, with General Motors plummeting about 33 percent from its Jan. 5 all-time high of $67.21 and Tesla falling about 32 percent from its Nov. 4 all-time high of $1,243.49. Both stocks have been negatively affected by the bearish indecision within the general markets that began in…
GM Plans 50 New Digital Features, Services by 2026: Executive
General Motors aims to turbocharge its non-vehicle revenue by introducing dozens of new fee-based digital features by 2026, including one enabling a car to predict when it will need maintenance, a top executive said on Thursday. “We have 50-some value-added products and services that we’ll be rolling out over the next 36 to 48 months,”…
GM to Restart Chevy Bolt Factory After Battery Fire Recalls
February 15, 2022
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DETROIT—General Motors says it will start making Chevrolet Bolt electric vehicles again in early April after an eight-month pause due to a series of battery fire recalls. The automaker says Tuesday that battery supplier LG Energy Solution is now making enough to supply replacement modules for the recalls as well as to resume production. The…
January Jobs Report: Stronger Than Expected; Automakers Report Record Earnings | NTD Business
A strong jobs report from the Labor Department Friday shows the job market is still tight. Where are the jobs, and how are companies trying to attract workers? Automakers are reporting record earnings. What are the most recent trends, and what are the obstacles? Interest rates in the European Union are staying steady. But the…
NTD News Today Full Broadcast (Feb. 03)
Sarah Palin is going after the New York Times. Her defamation trial started Thursday. What are the stakes? And why are some saying this could be a landmark case? Lawmakers are pledging to oppose funding for Biden’s vaccine mandates. This comes as the army starts discharging unvaccinated soldiers. And a Pfizer board member says mask…
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