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GM shares rose 3.2% in extended trading on Tuesday. In 2023, GM CEO Mary Barra said the Cruise business could generate $50 billion in annual revenue by 2030 but on Tuesday said the business was ...
GM CFO Paul Jacobson added that launching and operating a robotaxi service would take a significant amount of capital, beyond the $10 billion or so GM already spent on Cruise.
Penske had asked GM to extend the time it was to build Saturns until it could reach a deal with the Renault Group for vehicle replacements in 2012, but since that deal fell through Penske cancelled the planned sale. GM has said that the Saturn brand will be phased out by the 2010 model year, and the brand was declared defunct on October 31, 2010.
In 1974, General Motors South Africa Ltd. began constructing GM-designed locomotives rather than importing them from the United States. In January 1987, GMSA was sold to local management which continued production as the Delta Motor Corporation. [5] The company failed after one order of 11E-Type locomotives were constructed using GMSA leftovers.
General Motors' decision to pull the plug on its troubled Cruise robotaxi business highlights the harsh reality facing others still in the race: it requires a long-term commitment to perfect the ...
In February 2002, General Motors sold its minority 36% stake in the New Venture Gear company to DaimlerChrysler and the Muncie Transmission plant reverted to GM control. [6] GM changed the plant name to "Manual Transmissions of Muncie." The T.W. Warner Muncie plant closed in mid-2006 after a century of operation and the property was turned over ...
GM is potentially facing a large warranty issue as the National Highway Traffic Safety Administration (NHTSA) opened a preliminary investigation into engine failure affecting 877,710 GM SUVs and ...
The engine plant (Factory 36) portion of Powertrain Flint North closed in 2008. It is famous for building the GM 3800 engine, one of the longest-produced automobile engines in history; the final 3800 was produced on August 22, 2008. [3] Shortly after its closure, scavengers stole an estimated US$100,000 of metal and wire from the building. [1]