General Motors Co. informed nearly 5,000 customers that hackers stole some of their personal data, Bloomberg News reported on Tuesday, citing a data breach notice filed with California regulators. What Happened Hackers breached some online accounts of GM customers in April and accessed addresses, phone numbers, and other personal information. The breach took place between…
GM, Honda Plan to Co-Develop Affordable Electric Vehicles
General Motors and Honda are planning to co-develop some affordable electric vehicles that will use GM’s next-generation Ultium battery technology. The vehicles, which will include a compact crossover, are expected to begin going on sale in North America in 2027. Doug Parks, GM executive vice president of global product development, said in a statement on…
Chip Shortage Forces GM to Pause Production at Indiana Plant
DETROIT—General Motors is shutting down its pickup truck factory in Ft. Wayne, Indiana, for two weeks next month because the company has run short of computer chips. The auto industry is still facing supply chain issues more than a year after a global chip shortage first emerged in late 2020. Chip supplies have improved during…
US Rejects GM Petition on 725,000 SUVs Over Headlight Rules
WASHINGTON—The National Highway Traffic Safety Administration (NHTSA) said Friday it rejected a petition from General Motors Co. over about 725,000 U.S. sport utility vehicles that do not comply with federal headlight rules. The Detroit automaker argued the issue—a narrow reflection area—did not impact vehicle safety and petitioned NHTSA in 2019 to declare the issue inconsequential…
GM Loses Bid to Skip Recall for Lights That Are Too Bright
DETROIT—General Motors has lost a bid to avoid recalling about 727,000 small SUVs in the U.S. with headlight beams that can be too bright and cause glare for oncoming drivers. In 2019, the Detroit automaker petitioned the National Highway Traffic Safety Administration asking to avoid a recall, saying the problem didn’t affect safety for surrounding…
Ohio County Portends Political Shift Ahead of 2022 Midterms
When rock’n’roll star Bruce Springsteen belted out the phrase “Down in Youngstown” in one of his hit songs nearly 30 years ago, it referred to the struggles of Americans in a steel-mill town in northeast Ohio’s Mahoning County. The 1995 song title was “Youngstown,” and it pointed to the importance of the industrial anchor for…
GM Prioritizes Faster EV Launches Ahead of Fatter Profits
DETROIT—General Motors Co on Tuesday said it will spend more than the $35 billion previously planned through 2025 to speed up launches of new electric vehicles, and noted that investments in technology will take priority over richer profits next year. GM said it expects 2022 operating profit of $13 billion to $15 billion, in line…
Tesla Raises Concern Over Future Growth, Lucid Going Places, GM Aims EV Leadership and More
EV stocks had another down week amid the broader market rout, triggered by macroeconomic uncertainties. EV leader Tesla, Inc.’s earnings report did little to salvage the somber market mood. Here are the key events that happened in the EV space during the week: Tesla Earnings Disappointment, White House Snub & More Expectations were running high…
White House to Host GM, Ford Among CEOs at Meeting on Spending Push
January 26, 2022
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WASHINGTON—The White House plans to host the chief executives of major U.S. companies including auto and tech sector firms on Wednesday to discuss President Joe Biden’s signature $1.75 trillion Build Back Better legislation. General Motors CEO Mary Barra, Ford Motor CEO Jim Farley, Salesforce co-CEO Marc Benioff, Microsoft President Brad Smith, Etsy CEO Josh Silverman,…
LG Energy Solution, GM to Build $2.1 Billion Battery Factory in US
SEOUL—South Korea’s LG Energy Solution (LGES) plans to spend $2.1 billion with General Motors to build a U.S. electric vehicle (EV) battery plant, parent firm LG Chem said on Tuesday. LGES and GM are expected to fund the project equally via Ultium Cells, their U.S.-based battery joint venture, for what will be their third joint…
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