TSLA400.62011.72%
GM81.3203.27%
F12.8700.43%
RIVN17.2300.34%
CYD43.2600.9381%
HMC25.0000.64%
TM217.2004.34%
CVNA387.50025.26%
PAG161.3205.3%
LAD283.0408.17%
AN207.9909.7%
GPI349.94014.46%
ABG211.4407.35%
SAH70.7003.33%
TSLA400.62011.72%
GM81.3203.27%
F12.8700.43%
RIVN17.2300.34%
CYD43.2600.9381%
HMC25.0000.64%
TM217.2004.34%
CVNA387.50025.26%
PAG161.3205.3%
LAD283.0408.17%
AN207.9909.7%
GPI349.94014.46%
ABG211.4407.35%
SAH70.7003.33%
TSLA400.62011.72%
GM81.3203.27%
F12.8700.43%
RIVN17.2300.34%
CYD43.2600.9381%
HMC25.0000.64%
TM217.2004.34%
CVNA387.50025.26%
PAG161.3205.3%
LAD283.0408.17%
AN207.9909.7%
GPI349.94014.46%
ABG211.4407.35%
SAH70.7003.33%


Cruise

Despite possible headwinds in the economy and sales, GM exceeded Wall Street's projections for Q4 and is predicting another successful year.

GM surges Q4 earnings, prepares for another successful year

- January 30, 2024
Despite possible headwinds in the economy and sales, General Motors (GM) exceeded Wall Street's projections for both its top and bottom lines in the fourth quarter and is predicting another...
GM's Cruise AV unit stems from difficulties related to culture and incompetent leadership that have dogged the firm since October.

Independent investigation uncovers systemic issues in GM’s Cruise division

- January 29, 2024
Based on a recent investigation by a third party, regulatory oversights and allegations over cover-ups at General Motors' Cruise autonomous vehicle unit stem from difficulties related to culture, incompetence, and...
GM's Cruise robotaxi division proposed a settlement of $75,000 to resolve an inquiry made by a California regulator involving a crash.

Cruise offers $75,000 to settle California agency probe

- January 8, 2024
On January 5, General Motors' Cruise robotaxi division proposed a settlement of $75,000 to resolve an inquiry made by a California regulator regarding the company's failure to disclose information about...
General Motors (GM) filed a lawsuit alleging that San Francisco had unfairly taxed them $108 million over a seven-year period.

GM sues San Francisco over $108 million tax bill linked to Cruise division

- January 2, 2024
General Motors filed a lawsuit alleging that San Francisco had unfairly taxed them $108 million over a seven-year period. According to GM, San Francisco linked its tax bill to a percentage...
Robotaxi service and General Motors subsidiary Cruise dismissed nine leaders and laid off 900 employees as it grapples with safety inquiries.

Cruise fires 9 leaders, lays off 900 employees amidst safety probes

- December 14, 2023
This week, Robotaxi service and General Motors subsidiary Cruise let go of nine leading team members and revealed it would lay off an additional 900 employees as it faces investigations...
Cruise, the autonomous robotaxi arm of General Motors, may be subject to fines and other penalties amounting to $1.5 million

GM’s Cruise faces $1.5M in fines for failing to disclose accident details

- December 5, 2023
Cruise, the autonomous robotaxi arm of General Motors, may be subject to fines and other penalties amounting to $1.5 million for concealing information about an accident that occurred on Oct....
Ford is committed to identifying cost-cutting measures, including a $12 billion scale-back in future electric vehicle (EV) investment.

Ford reissues 2023 guidance, reveals $8.8 billion cost of labor deal

- November 30, 2023
In its latest financial update, Ford Motor Company has reissued its 2023 guidance, a month after withdrawing it due to the ongoing labor strikes and negotiations with the United Auto...
Despite this setback, GM remains optimistic, planning to cover the costs of its new contract with the UAW and even increase its dividend.

GM reports $1.1 billion hit from UAW strike but raises dividend, adjusts financial outlook

- November 29, 2023
General Motors (GM) has reported a significant financial impact from the recent six-week strike by autoworkers, with pretax earnings suffering a $1.1 billion loss, according to The Associated Press. Despite this...
Following a series of safety-related investigations, the CEO and co-founder of General Motors' robotaxi division Cruise, Kyle Vogt, announced his resignation on November 19.

CEO of GM’s Cruise robotaxi division resigns following series of missteps

- November 20, 2023
Following a series of safety-related investigations, the CEO and co-founder of General Motors' robotaxi division Cruise, Kyle Vogt, announced his resignation on November 19.  Shortly after his departure, Vogt sent an...
California's DMV has suspended GM's permit for AV deployment and testing, alleging the company has "misrepresented" the technology's safety

California DMV suspends permits for Cruise’s self-driving robotaxis

- October 25, 2023
California's Department of Motor Vehicles (DMV) revealed it suspended General Motors’ permit for autonomous vehicle (AV) deployment and testing, alleging the company "misrepresented" the technology's safety.  The suspension follows a series...


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