Ultium

Why GM profits dropped 40% in the second quarter

General Motors said Tuesday it’s moving to take more control over its supply chain in response to a dismal second quarter that saw profits fall 40% year over year as it shifts more toward EVs. The a

3 indicators to watch for on GM Q2 earnings day

The auto industry’s woes are far from over, but the second half of the year represents a return to planning for the future rather than responding to short-term supply chain crises. General Motors, w

GM joint venture to receive $2.5B government loan for US battery plants

The U.S. Department of Energy is reviving an old loan program and its first recipient is the joint battery venture between General Motors and LG Energy Solution. The $2.5 billion loan issued to GM and

BMW taps Valeo for driving assistance systems in its next-gen EVs

BMW Group has tapped Valeo to provide the advanced driver assistance system for the automaker’s new electric vehicle platform due to launch in 2025. The deal, a significant win for Valeo, also h

Volkswagen unveils ID. AERO concept that will provide the basis for 2023 flagship EV

Volkswagen Group unveiled its ID. AERO concept in China on Monday — slated to serve as the inspiration behind the automaker’s flagship EV, and first-ever global all-electric sedan, next year. A ve

This is the first look at the Chevrolet Blazer EV

GM’s CEO Mary Barra just revealed the upcoming Blazer EV, and it’s a looker. I love the styling, though I still wish General Motors made the off-roader Blazer from the ’70s and &#821

The most surprising part of Buick’s announcement isn’t that it will become an EV brand

Buick said Wednesday it will launch its first EV in 2024 and revealed a sleek concept car that will set the direction on its journey to becoming a fully electric brand in North America by 2030. But th

3 predictions for GM’s Q1 earnings

GM set a goal to sell more than 1 million EVs in North America by the end of 2025, but materials shortages, supply chain issues, and the resulting slowdown in production could prove to be big hurdles.

Future Chevy Corvette EV will use battery’s heat to extend its range

It’s official: a fully electric Chevy Corvette is coming — with new battery technology to boost its range, acceleration and efficiency. When it arrives, the battery-electric sports car will be

General Motors, Honda partner to make millions of affordable EVs

Rick Schostek, EVP of American Honda, said it best in a released statement: “Announcing a new battery electric vehicle isn’t exactly headline making news these days.” He’s righ

Cadillac begins production of Lyriq crossovers, the GM luxury brand’s first EV

Cadillac began production on Monday of its first-ever electric vehicle, the $60,000 Lyriq crossover. General Motors’ luxury brand has high hopes for the SUV as the first model in the battery-electri

The Chevy Silverado finally goes electric

General Motors just pulled the sheet off the Chevrolet Silverado EV. It has a range of 400 miles, up to 664 horsepower and a starting price of $39,900 for a basic work truck edition. The fully loaded,

GM to form new joint venture with POSCO Chemical aimed at key battery component

General Motors is deepening its commitment to operate a vertically integrated battery supply chain with the announcement that it would form a joint venture with South Korea-based POSCO Chemical to bui

GM is investing in a California lithium extraction project

General Motors is investing in domestically sourced lithium. The company said Friday it became the first investor in an Australian company’s project to extract the mineral, a critical component of e

GM increases EV and AV investments to $35B through 2025

General Motors Co. has yet again upped the amount it says it will spend on electric and autonomous vehicle investments, saying Wednesday that it would spend $35 billion through 2025 — an $8 bill

GM partners with 7 charging networks ahead of electric vehicle push

GM revealed Wednesday a four-part plan meant to handle all the steps of charging an electric vehicle, including finding a public charger and paying for the power, as the automaker seeks ways to attrac