GMC targets electric truck leadership against Tesla, Ford, Rivian

GMC targets electric truck leadership against Tesla, Ford, Rivian

2024 Sierra EV Denali Edition 1 Source: General Motors MILFORD, Mich. — General Motors’ premium GMC brand wants to become the leader in all-electric truck sales for U.S. consumers as it launches its new electric Sierra pickup. The Sierra EV joins electric versions of the Hummer, including an SUV and pickup, in GMC’s electric “truck” … Read more

Wall Street extends winning run

Wall Street extends winning run

Traders work the floor of the New York Stock Exchange on August 16, 2024.  Angela Weiss | AFP | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you … Read more

Wall Street extends winning run

Wall Street extends winning run

Traders work the floor of the New York Stock Exchange on August 16, 2024.  Angela Weiss | AFP | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you … Read more

GM reveals GMC Yukon ‘AT4 Ultimate’ to expand reach of high-end SUVs

GM reveals GMC Yukon ‘AT4 Ultimate’ to expand reach of high-end SUVs

2025 GMC Yukon AT4 Ultimate GMC DETROIT — General Motors is expanding its high-end GMC Yukon lineup to include a new “AT4 Ultimate” model as part of updates to the large SUV for the 2025 model year. The new model will slate in between the luxury “Denali” and “Denali Ultimate” models. The automaker declined to … Read more

GM lays off more than 1,000 salaried software and services employees

GM lays off more than 1,000 salaried software and services employees

A General Motors sign is seen during an event on January 25, 2022 in Lansing, Michigan. – General Motors will create 4,000 new jobs and retaining 1,000, and significantly increasing battery cell and electric truck manufacturing capacity. Jeff Kowalsky | AFP | Getty Images DETROIT – General Motors is laying off more than 1,000 salaried … Read more

Cadillac reveals new ‘Opulent Velocity’ performance EV concept

Cadillac reveals new ‘Opulent Velocity’ performance EV concept

Cadillac Opulent Velocity concept EV Cadillac DETROIT — General Motors on Friday revealed a new all-electric Cadillac concept car designed to preview how the automaker plans to keep its high-performance V-Series vehicles relevant for EVs. The vehicle is called “Opulent Velocity.” True to the name, Cadillac says it’s a balance of ultra-luxury and performance for … Read more

GM reveals redesigned GMC Terrain as brand’s entry-level model

GM reveals redesigned GMC Terrain as brand’s entry-level model

2025 GMC Terrain Elevation GM DETROIT — General Motors on Monday revealed redesigned versions of its entry-level GMC Terrain crossover, including a new standard “Elevation” model. The compact crossover features a more rugged exterior design. It also has a new interior with 26 inches of screens, including a 15-inch center touchscreen and an 11-inch driver … Read more

Trump, Musk alliance could threaten Harris in 2024 election

Trump, Musk alliance could threaten Harris in 2024 election

NASHVILLE, Tenn. —  Former President Donald Trump’s highly anticipated keynote address at the biggest bitcoin gathering of the year late last month started over an hour late. As the crowd of investors, enthusiasts and the crypto-curious grew increasingly antsy in Nashville, Elon Musk’s private jet was touching down 200 miles away in Memphis, Tennessee. It … Read more

Lucid Gets An Additional $1.5 Billion From Saudis After Losing $790 Million In Q2

Lucid Gets An Additional .5 Billion From Saudis After Losing 0 Million In Q2

Good morning! It’s Tuesday, August 6, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. It’s Time The Nissan Altima Got Some Respect | Jalopinions 1st Gear: Lucid Gets Another Lifeline Despite Cash … Read more

Ford turns fleet business into profit driver. GM, Stellantis want in

Ford turns fleet business into profit driver. GM, Stellantis want in

2023 Ford Super Duty F-350 Limited Ford DETROIT — A once “dirty” word, and business, in the automotive industry has become a multibillion-dollar battleground for U.S. automakers, led by Ford Motor. The Dearborn, Michigan-based automaker has turned its fleet business, which includes sales to commercial, government and rental customers, into an earnings powerhouse. And Ford’s … Read more