Insights and Stories on GM

Mar. 7, 2022 at 7:25 pm CST

Reuters — General Motors and South Korea’s POSCO Chemical will build a $400 million facility to produce battery materials in Canada as the carmaker ramps up plans to produce mainly electric vehicles (EVs) in the future, the companies said Monday. The plant will produce cathode active material (CAM) for vehicle […]

By Aishwarya Nair, Steve Scherer

Jan. 6, 2022 at 7:22 pm CST

Detroit | Reuters — General Motors’ US$35 billion electric vehicle strategy will face its biggest test in 2023 when it launches an electric version of its Chevrolet Silverado pickup with a six-figure price tag, more than a year after rivals Ford and Rivian Automotive. GM CEO Mary Barra on Wednesday […]

By Joseph White

Jan. 4, 2022 at 3:16 pm CST

Detroit | Reuters — Ford Motor Co. said Tuesday it will nearly double annual production capacity for its red-hot F-150 Lightning electric pickup to 150,000 vehicles as the model has already attracted nearly 200,000 reservations ahead of its arrival this spring at U.S. dealers. Ford’s announcement comes a day ahead […]

By Paul Lienert

Nov. 18, 2021 at 9:23 pm CST

Reuters — General Motors aims to tackle the global semiconductor shortage with new designs built in North America, president Mark Reuss said on Thursday. Reuss told an investor conference GM is working with seven chip suppliers on three new families of microcontrollers that will reduce the number of unique chips […]

By Paul Lienert

Oct. 1, 2021 at 7:57 pm CDT

Reuters — Top U.S. automaker General Motors said on Friday the semiconductor chip shortage that has hit production at automakers worldwide was abating, while reporting its first quarterly sales fall in a year. “As we look to the fourth quarter, a steady flow of vehicles held at plants will continue […]

By Reuters