DETROIT—General Motors is testing the water in electric boating by buying a 25 percent stake in a Seattle company that makes battery-powered outboard motors. The Detroit automaker said Monday that it bought the stake in Pure Watercraft for a venture that it says will develop and commercialize battery electric watercraft. Pure Watercraft, founded in 2011,…
GM Exploring Electric Boats, Buys 25 Percent Stake in Engine Maker
GM Flags Concern Over Renewable Energy in Mexico, Sees Investment Risk
November 20, 2021
admin
AmericasBusiness & EconomyCompaniesEconomieseconomyenergygeneralGMInvestmentMexicoMotorsrenewableUSUS NewsWorld
0 Comment
MEXICO CITY—A senior executive of carmaker General Motors (GM) raised concern about the future of renewable energy usage in Mexico, saying that without a solid legal basis for it, automotive investment in Latin America’s No. 2 economy would suffer. Francisco Garza, chief executive of GM Mexico, spoke as debate rages over a Mexican government proposal…
GM to Retrofit Heated Seat Feature on Newly Sold Vehicles in Mid-2022
DETROIT—General Motors Co. said on Friday that vehicles sold without heated and ventilated seats due to the global semiconductor shortage will be eligible, likely starting in the middle of 2022, for a retrofit that activates those features. The No. 1 U.S. automaker said it will cover the cost to retrofit new vehicles built without the…
GM Undergoing Re-rating With Electric-Vehicle Foray in Mind: Wedbush Reiterates Bullish Thesis
General Motors Co.’s vertical integration capabilities and the conversion of its massive customer base to electric vehicles over the coming years represents a transformational opportunity for the legacy automaker, according to Wedbush Securities. The GM Analyst Wedbush analyst Daniel Ives maintained an “Outperform” rating on General Motors with a price target of $85 per share….
Rivian Rockets Past GM to Become 2nd Most Valuable Carmaker
NEW YORK—Rivian Automotive, a company that has delivered about 150 electric pickup trucks mostly to employees, has surpassed General Motors to become the nation’s second most valuable automaker. The California company’s market valuation exceeded Ford’s in its first day a public company Wednesday. Its shares rose 10 percent at the opening bell Thursday pushing its…
GM to Extend Chevrolet Bolt Plant Shutdown by Three Weeks
WASHINGTON—General Motors Co confirmed Friday it will again halt production at its Orion Assembly plant in Michigan, which makes the Chevrolet Bolt electric vehicle, for three more weeks. The largest U.S. automaker in August widened its recall of the Bolt to more than 140,000 vehicles to replace battery modules and to address fire risks after…
Ford, GM Juggle High Prices, Supply Chain Pressure in Tesla’s Shadow
DETROIT—Detroit automakers Ford Motor Co. and General Motors Co. both took advantage of insatiable demand from U.S. consumers for trucks and SUVs to offset the pain caused by supply chain bottlenecks. But both automakers warned investors that the cost pressures created by disruptions in the global semiconductor supply chain and price spikes for other commodities…
GM Outlook Doesn’t Impress, Sees Chip Shortage Continuing; Shares Drop
October 27, 2021
admin
Business & EconomychipCompaniesdropEconomieseconomyGMLocal NewsMarketsMichiganNew YorkRegional-Local NewsSharesshortageUSUS News
0 Comment
DETROIT—General Motors Co. said on Wednesday its quarterly profit was hit by the global semiconductor shortage that it sees continuing until late 2022, and offered a full-year profit forecast that disappointed Wall Street, sending shares down more than 3 percent in premarket trading. The Detroit automaker’s quarterly profit and revenue fell due to a drop…
GM to Resume Limited Production at EV Plant in Michigan
October 26, 2021
admin
Business & EconomyCompaniesEconomieseconomyEVGMlimitedLocal NewsMichiganplantproductionRegional-Local NewsUSUS News
0 Comment
WASHINGTON—General Motors Co. said Tuesday it will resume limited production for two weeks at its Orion Assembly plant in Michigan, which has been shuttered since August and builds the electric vehicle Chevrolet Bolt. The largest U.S. automaker in August widened its recall of the Bolt to more than 140,000 vehicles to replace battery modules and…
GM to Boost EV Profile With 40,000 Charging Stations in US, Canada
October 26, 2021
admin
Business & EconomyCanadachargingCompaniesEconomieseconomyEVGMLocal NewsMichiganRegional-Local NewsstationsUSUS NewsWorld
0 Comment
General Motors said on Tuesday it would install up to 40,000 electric-vehicle charging stations in the United States and Canada, as part of the automaker’s $750 million commitments to bolster its presence in the rapidly growing sector. The announcement comes just months after the No. 1 U.S. automaker said it had signed agreements with some…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`