GM CEO and Chair Mary Barra speaks during an “EV Day” on March 4, 2020, at the company’s tech and design campus in Warren, Michigan, a suburb of Detroit. GM General Motors‘ goal of being capable of producing 1 million all-electric vehicles in North America by the end of 2025 in heavily in doubt, following … Read more
Elon Musk is once again the world’s richest man, as the value of his Tesla shares continues to bounce back from a massive drop earlier this year. According to Forbes, the Tesla CEO’s net worth is about 224.2 billion U.S. dollars. Much of his wealth was slashed earlier this year when a judge blocked his 2018 … Read more
Good morning! It’s Wednesday, June 5, 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. Ultra Cruise is GM’s Answer to Tesla’s So-Called ‘Full Self-Driving’ 1st Gear: Tesla Loses Some Very Early Supporters … Read more
Good morning! It’s Friday, May 31, 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. Ultra Cruise is GM’s Answer to Tesla’s So-Called ‘Full Self-Driving’ 1st Gear: GM And Ford Don’t See Eye-To-Eye … Read more
From layoffs at Tesla, Rivian and others to big price cuts on the Ford F-150 Lightning and Mustang Mach-E, Hertz selling off its fleet of electric vehicles, Tesla’s deliveries being down and even Volkswagen delaying the ID7’s U.S. launch, it could be easy to get the impression that the EV industry is dying. As Bloomberg … Read more
Good morning! It’s Friday, May 24, 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. Tesla Had A Very Interesting Week 1st Gear: Production Is Waning At Tesla Tesla is having a right … Read more
General Motors chair and chief executive officer Mary Barra participates in an Economic Club of Washington discussion on “the transformation of the automotive industry to an all-electric future, the path to autonomous vehicles, and the recent negotiations with GM’s workforce” in Washington, U.S., December 13, 2023. Elizabeth Frantz | Reuters DETROIT – General Motors CEO … Read more
The future of Tesla Supercharging is uncertain following CEO Elon Musk’s disbanding of the Supercharging team as part of a broader restructuring. The roughly 500 layoffs included senior director of EV charging Rebecca Tinucci and Daniel Ho, director of vehicle programs. Musk’s abrupt decision has raised concerns about the future of Tesla’s EV charging system, … Read more
GM President Mark Reuss announces a $2.2 billion investment in the automaker’s Detroit-Hamtramck Assembly plant in Michigan for new all-electric trucks and autonomous vehicles on Jan. 27, 2020. Michael Wayland / CNBC DETROIT – General Motors believes it can regain market share in China after hitting a roughly 20-year low last year amid changing market … Read more
Mary Barra, chair and chief executive officer of General Motors Co., during a news conference at the Hudson’s building in Detroit, Michigan, US, on Monday, April 15, 2024. Jeff Kowalsky | Bloomberg | Getty Images DEROIT – General Motors CEO Mary Barra has been aggressive in exiting unprofitable or underperforming markets over the past decade, … Read more
