Cash cow to money pit: Why GM decided to let Cruise go
GM just over a year ago said Cruise would be a $50 billion per-year business. The company never made money and its parent ...
GM says its EV business has become ‘variable profit positive’— but experts say the automaker is still a ways out before it starts making money on electric cars
In the last quarter of 2024, General Motors said it had become “variable profit positive” for the first time for its electric portfolio—meaning that the money GM is making f ...
Crain's Detroit8d
GM’s Cruise to cut 1,000 jobs as robotaxi service shuts down
General Motors Co. is cutting almost half of the workforce in the Cruise driverless car unit, according to an internal memo ...
Automotive Fleet6d
In Memoriam: Bill Henderson, Former GM and Oldsmobile Leader
Bill Henderson, former GM fleet sales vice president and Oldsmobile account manager, is remembered for his leadership, ...
GM layoffs hit CAMI Assembly in Ontario
Along with electric delivery vans, workers at CAMI build battery modules and packs at a battery plant that opened next to the ...
Automotive Fleet3d
More Than a Transaction: Navigating the Fleet-Dealer Relationship in 2025
Higher courtesy delivery fees, shorter ordering windows, and changing vehicle allocation strategies have made it clear that a ...
GM finalizes Cruise acquisition as layoffs loom for workers
General Motors is slashing Cruise's workforce by half after buying out all other remaining shareholders of the autonomous ...
Green Car Reports4d
Future GM EVs might be able to juggle two charge ports at once
In the future, multiple charge ports might allow energy to flow in and out of GM vehicles, serving as flexible energy storage ...