WASHINGTON—General Motors Co. Chief Executive Mary Barra said Friday the largest U.S. automaker plans to make changes in its supply chain as it works to address the continuing semiconductor chip crisis that has forced significant production cuts. “We’re going to make some pretty substantial shifts in our supply chain,” Barra said in an online interview….
Barra: GM Will Make ‘Substantial Shifts’ in Supply Chain Over Chips
September 18, 2021
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GM Extends EV Bolt Production Halt to Mid-October
WASHINGTON—General Motors Co. said on Thursday it will extend a shutdown of a Michigan assembly plant to mid-October following a new recall of its Chevrolet Bolt electric vehicles over battery issues after 12 reported fires. The largest U.S. automaker said the extension of the production halt at its Orion Assembly plant will go through at…
GM Tells Bolt EV Owners Park Away From Vehicles in Decks
WASHINGTON—General Motors Co. on Wednesday recommended that Chevrolet Bolt electric vehicle owners parking in decks do so on the top floor or on an open level, at least 50 feet away from other vehicles, citing potential fire risks. The precaution would “reduce potential damage to structures and nearby vehicles in the rare event of a…
US Democrats Propose Dramatic Expansion of EV Tax Credits That Favors Big Three
September 11, 2021
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WASHINGTON—U.S. Democratic lawmakers on Friday proposed an expansion of tax credits for electric vehicles that includes significantly higher subsidies for union-made zero emission models assembled in the United States. The proposal, a key part of President Joe Biden’s goal to ensure EVs comprise at least 50 percent of U.S. vehicle sales by 2030 and boost…
Democrats Propose Dramatic Expansion of EV Tax Credits That Favors Big Three
September 11, 2021
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WASHINGTON—Democratic lawmakers on Friday proposed an expansion of tax credits for electric vehicles that includes significantly higher subsidies for union-made zero emission models assembled in the United States. The proposal, a key part of President Joe Biden’s goal to ensure EVs comprise at least 50 percent of U.S. vehicle sales by 2030 and boost U.S….
GM, Ford Halt Some Production as Chip Shortage Worsens
DETROIT—The global shortage of computer chips is getting worse, forcing automakers to temporarily close factories including those that build popular pickup trucks. General Motors announced Thursday that it would pause production at eight North American plants during the next two weeks, including two that make the company’s top-selling Chevrolet Silverado pickup. Ford will stop making…
Despite Chip Shortage, GM Posts $2.8B Profit, UPS Guidance
August 4, 2021
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DETROIT—Despite a computer chip shortage that temporarily closed some of its factories, General Motors made a healthy $2.8 billion net profit in the second quarter. The earnings came even though GM plants cranked out 200,000 fewer vehicles than they did during the same period in 2019, the last comparable quarter before the COVID-19 pandemic. The…
GM Posts $2.8 Billion Profit, but Cautious Tone Sinks Share Price
August 4, 2021
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DETROIT—General Motors posted a healthy $2.8 billion second-quarter profit Wednesday, but its cautious outlook for the rest of the year spooked investors. The Detroit automaker made the strong profit despite a global shortage of computer chips that have forced it and other companies to temporarily close factories. While GM raised its outlook for the year,…
GM Issues New Recall for Nearly 69,000 Bolt EVs for Fire Risks
WASHINGTON—General Motors said Friday it is issuing a new recall for nearly 69,000 Chevrolet Bolt electric vehicles (EVs) worldwide for fire risks after reports of two fires and will replace defective battery modules as needed. The Bolt EVs were recalled in November for fire risks and at least one of the two new fires was…
GM Will Cut Truck Production Amid Semiconductor Shortage
WASHINGTON—General Motors Co said Wednesday it will cut some truck production in North America because of the ongoing global semiconductor shortage. The largest U.S. automaker said its Flint Assembly plant that builds the Chevrolet Silverado HD and GMC Sierra HD trucks will operate on one production shift the week of July 26. GM said its…
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