General Motors Co aims to launch an algorithm-based auto insurance plan by the end of the first quarter in some U.S. states that charges policyholders based on their driving performance, a company executive said in an interview. The automaker’s OnStar subsidiary has asked for regulatory approval of the new data-based insurance plan in Arizona, Illinois…
GM Set to Launch Behavior-Based US Driver Insurance in Q1: Executive
GM to Spend $6.5 Billion, Add 4,000 Jobs at Michigan EV Factories
LANSING, Mich.—General Motors is poised to announce next week major electric-vehicle investments in Michigan, with plans to spend $6.5 billion and create up to 4,000 new jobs at two plants. The state’s economic development board is expected to approve an incentives package Tuesday, according to a meeting agenda posted online. The Associated Press previously reported…
GM Targets Hydrogen-Powered Generators in Expansion of Fuel Cell Business
General Motors on Wednesday said it plans to expand its hydrogen fuel cell business beyond vehicles by supplying hydrogen-powered generators for uses including at construction sites, music festivals, data centers and the military. The wider application of hydrogen fuel cells will allow GM to leverage and scale existing hydrogen investments and refine the technology, GM…
EV Battery Research Startup SES Enters JV With Honda Ahead of Going Public in SPAC Merger
Japan’s Honda Motor Co. said on Tuesday it has signed a joint venture agreement with the U.S. based battery research startup SES Holdings to launch higher density and low-cost lithium-metal batteries for electric vehicles. What Happened Honda said the joint venture will focus on making safe, durable, and higher capacity batteries with lithium-metal anode that…
GM Challenges Carvana With CarBravo Online Used Car Marketplace
January 12, 2022
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DETROIT—General Motors Co. said it will launch a new, online used vehicle market called CarBravo that will allow the automaker and its dealers to challenge Carvana Co., Carmax Inc. and others profiting from selling secondhand vehicles. GM’s CarBravo site will aggregate vehicles owned by Chevrolet, Buick, and GMC dealers, as well as cars and trucks…
GM Teams Up With Goldman Sachs for Digital-Friendly Credit Card
General Motors Co. on Monday launched a digital-friendly credit card with Goldman Sachs Group Inc.’s consumer banking platform Marcus, the Detroit Free Press reported. What Happened The move is a significant step for the legacy automaker as it migrates to a digital offering after first introducing a branded credit card three decades ago. For Goldman…
GM, Google, Others Join Retreat From CES Over Rising COVID-19 Cases
December 24, 2021
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U.S. automaker General Motors Co., Alphabet Inc.’s Google, and its self-driving auto-technology company Waymo on Thursday joined the companies no longer attending the Consumer Electronics Show (CES) in person early next month due to rising COVID-19 infections. GM Chief Executive Mary Barra had been scheduled to give a keynote speech at the annual conference on…
GM to Extend Production Halt for Chevrolet Bolt EV Through February
December 20, 2021
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WASHINGTON—General Motors Co. said Monday it is extending a production halt at its Orion Assembly plant in Michigan, which makes the Chevrolet Bolt electric vehicle, through the end of February. The largest U.S. automaker in August widened its recall of the Bolt to more than 140,000 vehicles to replace battery modules after a series of…
Cruise CEO Ammann Leaving GM’s Self-Driving Car Unit
WASHINGTON—General Motors Co. said on Thursday that Dan Ammann, the chief executive of its majority-owned Cruise self-driving car subsidiary, is leaving the company, effective immediately. The U.S. automaker did not give a reason for the departure of Ammann, a former GM president and chief financial officer. GM shares fell 2.7 percent in after hours trading…
GM Venture Picks Michigan for 3rd US-based EV Battery Plant
DETROIT—General Motors and a joint-venture partner plan to build an electric vehicle battery factory in Lansing, Michigan, their third such factory in the United States. The companies’ plans were revealed on Friday in documents posted on the city’s website. They say the plant would cost up to $2.5 billion and employ as many as 1,700…
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