GM is losing $5 million a day on Cruise
General Motors is losing a ton of money daily on their self-driving car project, Cruise. GM confirmed that Cruise lost more than $500 million during the year’s second quarter. This equates to a rate of […]
GM limiting warranty transfers on Hummer EV to prevent flipping
General Motors is cracking down on the possibility of flipping its most sought-after models for a quick profit. Steve Carlisle, GM President for North America, sent a letter to the GM Dealership Team noting some […]
GM sells their first green bonds for $2.25 billion
General Motors has sold its first-ever green bonds to fund the continued electrification of its line-up. According to sources familiar with the matter, the automaker priced $2.25 billion of green bonds in two parts. The […]
GM reveals it has over 150,000 reservations for the Chevrolet Silverado EV
General Motors announced that the company’s upcoming EVs have a strong demand and a growing waitlist. As per CEO Mary Barra, GM has over 150,000 reservations for the Chevrolet Silverado EV. Considering the vehicle launches […]
GM lands two new long-term battery deals with LG Chem and Livent
General Motors officially announced two new long-term battery-related agreements with Livent and LG Chem. The new deal with LG Chem will see the Korean company supply 968,000 tons of cathode material to GM. The deal […]
New GM chat tool looks to fill the EV knowledge gap
General Motors is launching a free online chat tool called EV Live to connect consumers who have questions about EVs to an EV expert. The platform is designed to help fill in the EV knowledge […]
GM and Ford seek NHTSA exemptions to test autonomous cars without manual controls
If General Motors and Ford get their way, they may soon be testing autonomous vehicles without certain manual controls on public roads. According to Steven Cliff, the administrator of the National Highway Traffic Safety Administration […]
GMC Hummer EV produces more CO2 than some gas-powered vehicles: Study
A new report shows that the GMC Hummer EV produces more CO2 per mile driven than some gas-powered vehicles. According to American Council for an Energy-Efficient Economy (ACEEE) research, the Hummer EV is not as […]
Tesla extends lead in U.S. luxury segment with 66% increase in registrations
After taking the luxury crown from BMW in the United States in 2021, Tesla is on track to do the same in 2022. New data shows Tesla registrations in the U.S. have increased through the […]
GMC Hummer EV Edition 1 sells for nearly three times its original price – $324,500
The GMC Hummer EV is in high demand with over 77,000 reservation holders waiting to receive their electric truck. The problem is that GMC is only producing 12 each day right now. At that rate […]
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