General Motors will be hit with charges of about $6 billion in its fourth quarter after sales of electric vehicles sputtered when the U.S. cut tax incentives to buy them and also eased auto emissions standards.
A year ago, Michigan was expecting a windfall of federal funds to fuel a transition to clean energy, along with billions of dollars' worth of green manufacturing projects subsidized by the Biden administration's climate spending bills.
Bedrock and General Motors’ plan to revitalize Detroit’s Renaissance Center and riverfront is set to receive $75 million from the Downtown Development Authority.
General Motors is laying off about 1,700 workers across manufacturing sites in Michigan and Ohio, as the auto giant adjusts to slowing demand for electric vehicles.
General Motors anticipates a smaller impact from tariffs and is boosting its full-year adjusted earnings forecast as its third-quarter performance topped Wall Street’s expectations.
General Motors will book a negative impact of $1.6 billion in its next quarter after tax incentives for electric vehicles were slashed by the U.S. and rules governing emissions are relaxed.
Morning 4 is a quick roundup of stories we think you should know about to start your day.
General Motors’ engineering center in Warren is closed after two workers tested positive for Legionnaires’ disease.
Cadillac has chosen Formula 1 veterans Valtteri Bottas and Sergio Pérez for its first F1 lineup, bypassing an American driver.
General Motors’ profit and revenue declined in its second-quarter but the automaker’s results managed to easily top Wall Street’s expectations and the company stuck by its full-year financial outlook that it lowered in May.
Wall Street inched to another record following some mixed profit reports, as General Motors and other big U.S. companies gave updates on how much President Donald Trump’s tariffs are hurting or helping them.
Ford Motor Co. says it expects to take a $1.5 billion hit to its operating profit from tariffs this year and is withdrawing its full-year financial guidance due to the uncertainty created by the Trump administration’s evolving trade policy.
General Motors is lowering one of its full-year financial forecasts as the company braces for the potential impact of auto tariffs.
General Motors is recalling nearly 600,000 vehicles across its Cadillac, Chevrolet and GMC brands in the U.S. due to potential manufacturing defects that can cause engine failure.
President Donald Trump granted U.S. automakers a short reprieve from stiff new tariffs on imports from Mexico and Canada this week.
President Donald Trump is granting a one-month exemption on his stiff new tariffs on imports from Mexico and Canada for U.S. automakers.
Companies in a wide range of industries saw their stocks come under pressure on Wall Street because of tariff threats from President Donald Trump.
General Motors swung to a loss in the fourth quarter on an increasingly difficult environment in China, but still topped profit and revenue expectations on Wall Street.
The upcoming redevelopment of the Renaissance Center was discussed at the 2025 Detroit Policy Conference.
General Motors says it will retreat from the robotaxi business and stop funding its money-losing Cruise autonomous vehicle unit.
The Associated Press has learned that two longtime NASCAR executives have been introduced at Andretti Global as part of the restructuring now that Michael Andretti has stepped aside.
The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a restructuring charge totaling more than $5 billion in the fourth quarter of this year.
General Motors is adding over 132,000 heavy-duty pickups in the U.S. to a previous recall for tailgate release switches that can short circuit and open the gates while the trucks are in park.
General Motors and LG Energy Solution extend their 14-year battery technology partnership to include prismatic cell development.
General Motors has reached an agreement to sell its stake in a nearly completed electric vehicle battery plant in Lansing, Michigan.
The GM Renaissance Center, a staple of Detroit’s skyline, is slated for a $1.6 billion overhaul and hinges on $250 million in public funding.
Detroiters could see some major changes in the works soon at the Renaissance Center and a part of the city’s riverfront.
Detroiters could see some major changes in the works soon at the Renaissance Center and a part of the city’s riverfront.
Formula 1 will expand the grid in 2026 to make room for an American team that is partnered with General Motors.
Formula 1 is expected to approve grid expansion for an 11th team originally started by Michael Andretti as early as next week.
With a restructuring at Andretti Global that pushed Michael Andretti into a smaller role, the chances of his organization landing a Formula 1 team have substantially increased.
General Motors is laying off about 1,000 workers worldwide, shedding costs as it tries to compete in a crowded global automobile market.
Shares of General Motors surged nearly 10% Tuesday after the automaker posted a $3 billion third-quarter profit that was slightly less than a year ago.
Here’s what Dan Gilbert said about the fate of the Renaissance Center in Detroit amid speculation that the iconic building would be demolished.
About 1,000 workers at a General Motors joint venture electric vehicle battery plant in Spring Hill, Tennessee, will get big pay raises now that they have joined the United Auto Workers union.
Cruise’s trouble-ridden robotaxis are on the road to joining Uber’s ride-hailing service next year as part of a multiyear partnership bringing together two companies that once appeared poised to compete for passengers.
U.S. customers who bought a new General Motors vehicle last quarter paid an average of just under $49,900, a price that helped push the company’s net income 15% above a year ago.
Donald Trump made a pitch for votes from autoworkers in key swing states during his acceptance speech for the Republican presidential nomination.
General Motors will pay nearly $146 million in penalties to the federal government because 5.9 million of its older vehicles don’t comply with emissions and fuel economy standards.
General Motors has named a veteran technology executive with roots in the video game industry to steer its troubled robotaxi service Cruise.
The board of General Motors has approved another $6 billion share repurchase as the Detroit automaker adds to its 2024 momentum.
More women are reaching the top ranks of the corporate suite of S&P 500 companies, but their numbers are still miniscule compared to their male counterparts.
With General Motors moving from the Renaissance Center to the new Hudson’s building next year, the future of Detroit’s skyline crown jewel is a question mark.
General Motors’ troubled Cruise autonomous vehicle unit says it will start testing robotaxis in Arizona this week with human safety drivers on board.
Despite a small dip in U.S. vehicle sales, General Motors’ first-quarter net income rose more than 25% on strong deliveries of pickup trucks and other higher-profit vehicles.
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Mario Andretti says he was deeply offended by the language Formula One Management used in denying his family and General Motors the opportunity to join the global motorsports series.
You might know the Milford Proving Ground as a place one of us tried to sneak into through questionably legal means as an unruly teenager 20-something years ago. Allegedly.
After luring General Motors from the Renaissance Center, Bedrock has announced more big tenants for its new Hudson’s building site in Downtown Detroit.
General Motors, a key player in Detroit's development and the owner of the Renaissance Center, are making a significant move.
General Motors is reportedly planning to move its Detroit headquarters from the Renaissance Center to the new Hudson’s tower.
General Motors will move its Detroit headquarters to a new downtown office building next year and redevelop its iconic home along the Detroit River.
General Motors is adding about 350,000 miles, or about 563,000 kilometers, of roadways in the U.
General Motors’ troubled robotaxi service Cruise has endured a public lashing from a California judge.
Formula One's invitation to Andretti Cadillac for an in-person meeting about its application to join the motorsports series wound up in an email span folder.
A new report says automakers including Tesla, General Motors, Volkswagen and Toyota are failing to ensure they are not using forced labor as part of their China supply chains.
Formula One has rejected Andretti Global’s application to join the global racing series in 2025 or 2026.
General Motors is facing a U.S. Justice Department investigation into a gruesome collision that critically injured a pedestrian and derailed its self-driving car ambitions.
Morning 4 is a quick roundup of stories we think you should know about to start your day.
A fire that broke out at a General Motors electric vehicle plant in Detroit this week was caused by an incident with a forklift, officials said Wednesday.
America’s automakers have staked their futures on the notion that electric vehicles will dominate sales in the coming years, spurred by buyers determined to reduce carbon emissions and save on fuel.
General Motors is laying off 1,314 employees at manufacturing plants in Michigan, months after reaching a new labor contract with the United Auto Workers (UAW).
For years, Ford has been beating the drum, saying the future is going to be, but from the looks of it, the future may be a little bit further off than the company initially thought.
California regulators are alleging a San Francisco robotaxi service owned by General Motors covered up an accident involving one of its driverless cars, raising the specter they may add a fine to the recent suspension of its California license.
California regulators are alleging a San Francisco robotaxi service owned by General Motors covered up the severity of an accident involving one of its driverless cars, raising the specter they may add a fine to the recent suspension of its California license.
Clearly frustrated with its languishing share price, General Motors is announcing a massive stock buyback plan, raised its dividend and told investors it can absorb increased labor costs from a six-week autoworkers strike.
Unionized autoworkers across the United States have voted to approve the tentative contracts with Detroit’s Big Three automakers that ended a weekslong strike amid an unusual negotiations season.
The United Auto Workers union has overwhelmingly ratified a new contract with Ford and Stellantis, a pact that, along with similar deals with General Motors, will raise pay across the industry.
Members of the United Auto Workers union were close to approving contract agreements with Stellantis and Ford on Friday with voting at both companies overwhelmingly in favor.