GM reports worst sales in China since onset of Covid-19 lockdowns

WUHAN, CHINA – 2022/05/18: Employees wearing masks work on a car assembly line at the SAIC General Motors Co. The SAIC General Motors Wuhan Branch has resumed production following epidemic prevention and control rules. (Photo by Ren Yong / SOPA Images / LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images DETROIT – … Read more

Ford (F) Q2 2022 US sales

Electric Ford F-150 Lightning Andrew Evers / CNBC DETROIT – Ford Motor on Tuesday reported a slight increase in new vehicle sales for the second quarter that missed automotive analysts’ expectations. The company said sales rose 1.8% to 483,688 new vehicles in the second quarter compared to a year earlier, but noted that results improved … Read more

General Motors (GM) Q2 2022 US sales

The GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, March 16, 2021. Rebecca Cook | Reuters DETROIT – General Motors’ US vehicle sales were down about 15% in the second quarter from a year ago as the automaker continues to battle supply chain issues, but showed improvement from … Read more

GM expects Q2 net income of between $1.6 billion and $1.9 billion

Mary Barra, Chair and CEO of the General Motors Company (GM), speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. Patrick T. Fallon | AFP | Getty Images DETROIT – General Motors on Friday warned investors that supply chain issues would materially impact its second quarter earnings, while maintaining … Read more

GM, Ford rising, Tesla falling in EV ‘car wars’ in U.S., Bank of America analyst says

DETROIT – It’s the beginning of the end for Tesla’s dominance of the US electric vehicle industry, according to Bank of America Securities. As startups and legacy automakers introduce a significant number of new electric vehicles, Tesla’s domestic share of the EV market is expected to decrease from 70% or more in recent years to … Read more

Ford issues stop-sale of Mustang Mach-Es due to potential safety defect

People visit Ford’s all-electric SUV Mustang Mach-E at the 2019 Los Angeles Auto Show in Los Angeles, the United States, Nov. 22, 2019. Xinhua via Getty Images DETROIT – Ford Motor is instructing dealers to temporarily stop selling electric Mustang Mach-E crossovers due to a potential safety defect that could cause the vehicles to become … Read more

CEOs of GM, Ford and others urge Congress to lift EV tax credit cap

The all-electric Chevrolet Silverado at the New York Auto Show, April 13, 2022. Scott Mlyn | CNBC DETROIT – The CEOs of General Motors, Ford Motor, Chrysler parent Stellantis and Toyota Motor North America are urging Congress to lift the federal government cap on the number of vehicles that are eligible for a tax credit … Read more

GM, Lockheed take lunar rover project to the commercial space market

MILFORD, Mich. – General Motors and Lockheed Martin said Thursday they plan to produce an array of moon-roving vehicles for commercial space missions and services powered by the automaker’s electric vehicle battery technology. The companies said they plan to test the batteries in space later this year, with the goal of having their first vehicle … Read more

GM slashes prices of Chevy Bolt EVs despite rising commodity costs

2022 BOLT EUV Source: Chevrolet DETROIT – Despite rising commodity costs, General Motors on Wednesday slashed the price of its 2023 Chevrolet Bolt EV, likely making it the least expensive electric vehicle on sale in the US The Detroit automaker cut the price of the Bolt EV to a starting price of $ 26,595, down … Read more

Ford CEO expects EV transition to force industry consolidation

Ford CEO Jim Farley poses next to a model of the all-new Ford F-150 Lightning electric pickup truck at the Ford Rouge Electric Vehicle Center in Dearborn, Michigan, April 26, 2022. Rebecca Cook | Reuters DETROIT – Ford Motor CEO Jim Farley expects the auto industry’s ongoing transition to electric vehicles to force major consolidation … Read more