DETROIT—For the first time in eight months, the global shortage of computer chips won’t force General Motors to close any North American factories. The company said Friday that starting Nov. 1, all plants that had been closed on and off since February because of the shortage will be cranking out vehicles. The nation’s largest automaker…
Michigan Judge Tosses GM Lawsuit Against Fiat Chrysler
WASHINGTON—A Michigan judge has thrown out a lawsuit that General Motors filed against Stellantis’s Fiat Chrysler Automobiles (FCA) that accused its rival of fraud and unfair competition. GM sued FCA in 2019, alleging it bribed United Auto Workers (UAW) union officials over many years to corrupt the bargaining process and gain advantages, costing GM billions…
Chipmaker Cree Changes Name to Wolfspeed, Strikes Deal With GM on Battery Tech
October 4, 2021
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Business & EconomyCompaniesCreeelectric vehicleGeneral MotorsInternationalMarketsTechTech NewsUSUS NewsWorld
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Chipmaker Wolfspeed Inc. on Monday announced a deal with General Motors to supply silicon carbide power devices for future electric vehicle programs, as Wolfspeed changed its name from Cree Inc. Wolfspeed technology will be used in integrated power electronics in GM’s Ultium Drive system, for upcoming electric vehicles, the two companies said. Cree Inc. shares…
GM’s Cruise, Alphabet’s Waymo Win Permits to Offer Self-Driving Rides to Passengers in California
October 1, 2021
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Business & EconomyCompaniesGeneral MotorsLocal NewsNorthern CaliforniaRegional-Local NewsSelf Driving CarSouthern CaliforniaTechTech NewsUS
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SAN FRANCISCO—General Motors Co.’s Cruise and Alphabet Inc.’s Waymo self-driving car subsidiaries on Thursday became the first companies to receive autonomous vehicle permits to offer rides to passengers in California. Cruise has obtained a permit from the California Department of Motor Vehicles to offer driverless rides to passengers at night in some parts of San…
US Trade Office Says GM Mexico Labor Case Concluded, Tariff Threat Lifted
September 23, 2021
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WASHINGTON—A U.S. labor complaint under the U.S.-Mexico-Canada trade pact over a General Motors plant union vote in Mexico has been successfully concluded, lifting the threat of U.S. tariffs on the factory’s pickup trucks, the U.S. Trade Representative’s (USTR) office said on Wednesday. The United States opened the case in May after complaints that workers’ rights…
GM Says Production Starts on Replacement Batteries for Bolts
September 21, 2021
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General Motors said Monday that production has resumed for battery modules used in recalled Chevrolet Bolt electric vehicles, and customers could start getting replacement parts by mid-October. GM said supplier LG has restarted production at plants in Holland and Hazel Park, Michigan, and is adding capacity to make more battery cells. The recall follows reports…
GM Digs in With LG Corp. to Speed a Fix for Bolt Battery Fires
September 13, 2021
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Asia & PacificbatteryBoltBusiness & EconomyCompanieseconomyGeneral MotorsLGSouth KoreaTechTech NewsUSUS NewsWorld
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General Motors Co. is taking a more direct role with South Korea’s LG Corp., its longtime electric vehicle partner, in tracking down and fixing problems linked to battery fires in Chevrolet Bolts that threaten the strategic plans of both companies. At an investor conference on Friday, GM Chief Financial Officer Paul Jacobson said LG is…
GM CFO Sees ‘More Stable’ Chip Supplies in 2022, Reaffirms 2021 Outlook
DETROIT—General Motors Co. Chief Financial Officer Paul Jacobson reaffirmed the automaker’s 2021 profit outlook and said the company expects a “more stable year” in 2022 for semiconductor supplies. Jacobson said during a conference call with investors that GM still expects to deliver pre-tax profits for 2021 in the range of $11.5 billion to $13.5 billion…
GM Expands Chevy Bolt EV Recall for Fire Risk, Will Take $1 Billion Hit
WASHINGTON—General Motors Co said on Friday it would take a hit of $1 billion to expand the recall of its Chevrolet Bolt electric vehicles due to the risk of fires from the high-voltage battery pack, a blow for the largest U.S. automaker as it seeks to ramp up EV sales. The Detroit company also said…
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…
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