Tag #Gm

Showing 13 to 19 of 19 results

theglobeandmail.com

🌐 85% Global Worthiness

Jan 28, 16:13

GM Exceeds Q4 Expectations, but Faces Tariff Uncertainty

GM exceeded fourth-quarter 2024 expectations and projected 2025 net income of \$11.2-billion to \$12.5-billion, but faces uncertainty due to potential tariffs on materials critical to auto manufacturing and ongoing challenges in its EV transition and China operations.

GM Exceeds Q4 Expectations, but Faces Tariff Uncertainty

GM exceeded fourth-quarter 2024 expectations and projected 2025 net income of \$11.2-billion to \$12.5-billion, but faces uncertainty due to potential tariffs on materials critical to auto manufacturing and ongoing challenges in its EV transition and China operations.

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Decent Work and Economic Growth

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How did GM's EV performance in 2024 compare to its goals, and what factors contributed to the results?

Strong consumer demand for GM's gasoline-powered vehicles drove positive results, exceeding analyst estimates for revenue and earnings per share. The company's reliance on North American manufacturing, however, makes it vulnerable to potential tariffs imposed by the U.S. government.

bbc.com

🌐 85% Global Worthiness

Dec 11, 04:10

GM Halts Funding for Cruise Self-Driving Taxi Project

General Motors announced it is ending funding for its Cruise self-driving taxi project due to the competitive market and resource demands, shifting focus to autonomous personal vehicles; this follows a series of setbacks including job cuts, safety incidents, and a criminal investigation.

GM Halts Funding for Cruise Self-Driving Taxi Project

General Motors announced it is ending funding for its Cruise self-driving taxi project due to the competitive market and resource demands, shifting focus to autonomous personal vehicles; this follows a series of setbacks including job cuts, safety incidents, and a criminal investigation.

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Industry, Innovation, and Infrastructure

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How did safety incidents and regulatory issues contribute to GM's decision?

GM's decision highlights challenges in the autonomous vehicle sector. The intense competition from companies like Tesla, Waymo, and Amazon, coupled with the significant financial investment needed, makes profitability uncertain. Cruise's safety issues and subsequent investigation further exacerbated these difficulties.

abcnews.go.com

🌐 85% Global Worthiness

Dec 11, 01:09

"GM Abandons Robotaxi Venture Cruise, Focusing on Driver-Assist Systems"

"General Motors announced it is abandoning its money-losing Cruise robotaxi unit after investing \$2.4 billion and sustaining over \$10 billion in operating losses, choosing instead to focus on driver-assist technologies for its personal vehicles. This decision comes after a series of setbacks, incl...

"GM Abandons Robotaxi Venture Cruise, Focusing on Driver-Assist Systems"

"General Motors announced it is abandoning its money-losing Cruise robotaxi unit after investing \$2.4 billion and sustaining over \$10 billion in operating losses, choosing instead to focus on driver-assist technologies for its personal vehicles. This decision comes after a series of setbacks, incl...

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Industry, Innovation, and Infrastructure

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"What is the primary reason for GM's decision to withdraw from the robotaxi market, and what are the immediate financial and operational consequences?"

"GM is abandoning its robotaxi business, Cruise, due to substantial financial losses and intense market competition. This decision will lead to the integration of Cruise's technology into GM's driver-assist systems for personal vehicles, impacting Cruise's 2300 employees and potentially leading to layoffs. GM expects to save over $1 billion annually."

npr.org

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Dec 6, 22:11

GM's EV1: A Pioneering Electric Car's Rise and Fall

GM's EV1, a pioneering electric vehicle introduced in 1996, was leased to about 800 drivers before GM ended production in 1999 and crushed almost all of the cars, despite their advanced technology and passionate following; the decision was driven by weakening environmental regulations and high produ...

GM's EV1: A Pioneering Electric Car's Rise and Fall

GM's EV1, a pioneering electric vehicle introduced in 1996, was leased to about 800 drivers before GM ended production in 1999 and crushed almost all of the cars, despite their advanced technology and passionate following; the decision was driven by weakening environmental regulations and high produ...

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Climate Action

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How did California's air pollution regulations influence the development and eventual fate of the EV1?

California's air pollution regulations in 1990 mandated zero-emission vehicles, prompting automakers to develop EVs like the EV1. However, after weakening of these regulations, and facing high production costs, GM ended the EV1 program, highlighting the challenges of early EV adoption. The subsequent destruction of most EV1s sparked controversy and became symbolic of the industry's reluctance to embrace electric vehicles.

cnbc.com

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Dec 12, 19:12

GM Integrates Cruise, Shifts Focus Away From Autonomous Vehicles

General Motors is integrating Cruise into its operations and scaling back its independent robotaxi development, prioritizing short-term gains over long-term autonomous vehicle projects. This decision follows a similar pattern observed at Meta and is influenced by increased competition and a recent a...

GM Integrates Cruise, Shifts Focus Away From Autonomous Vehicles

General Motors is integrating Cruise into its operations and scaling back its independent robotaxi development, prioritizing short-term gains over long-term autonomous vehicle projects. This decision follows a similar pattern observed at Meta and is influenced by increased competition and a recent a...

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Industry, Innovation, and Infrastructure

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How does GM's strategic shift compare to similar decisions made by other tech companies, and what factors might have influenced GM's choice?

This strategic pivot reflects a broader trend among companies to focus on immediately scalable technologies rather than speculative long-term ventures. The decision follows a similar pattern observed at Meta, where a sharp stock decline pressured management to reduce investment in virtual reality. GM's move may also be influenced by the significant investment from Alphabet in Waymo and a recent accident involving a Cruise vehicle.

abcnews.go.com

🌐 85% Global Worthiness

Dec 11, 01:09

"GM Abandons Robotaxi Venture After $10 Billion in Losses"

"General Motors announced it is abandoning its money-losing Cruise robotaxi unit after investing $2.4 billion and incurring over $10 billion in operating losses, instead focusing on driver-assist technologies for its personal vehicles. "

"GM Abandons Robotaxi Venture After $10 Billion in Losses"

"General Motors announced it is abandoning its money-losing Cruise robotaxi unit after investing $2.4 billion and incurring over $10 billion in operating losses, instead focusing on driver-assist technologies for its personal vehicles. "

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Industry, Innovation, and Infrastructure

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"What are the key factors driving GM's decision to withdraw from the robotaxi market and redirect resources towards driver-assist systems?"

"GM is abandoning its robotaxi subsidiary, Cruise, after $10 billion in losses and will instead focus on driver-assist technologies for personal vehicles. This shift reflects the challenges of scaling robotaxi services and increasing market competition. The decision will result in significant cost savings for GM, exceeding $1 billion annually. ", A2="GM's decision to exit the robotaxi market highlights the considerable financial and technological hurdles in deploying fully autonomous vehicles at scale. The company's substantial investment in Cruise yielded minimal returns, despite years of development and billions of dollars in losses. This contrasts with other companies that continue to invest in and expand their autonomous vehicle services, indicating a divergence in industry strategies. ", A3="The shift toward driver-assist systems suggests a more cautious approach by GM in the autonomous vehicle sector, focusing on incremental technological improvements rather than a full-scale deployment of robotaxis. This strategy could position GM to capitalize on the growing market for advanced driver-assistance features, while minimizing substantial financial risk and uncertainties associated with fully autonomous systems. This move may also influence other automakers to re-evaluate their strategies regarding autonomous vehicles, potentially leading to a wider industry shift toward a more conservative approach. ", Q1="What are the key factors driving GM's decision to withdraw from the robotaxi market and redirect resources towards driver-assist systems?", Q2="How does GM's experience with Cruise compare to the strategies and progress of other companies involved in the development and deployment of autonomous vehicles?", Q3="What are the potential long-term implications of GM's decision for the future development and adoption of autonomous driving technologies in the automotive industry?", ShortDescription="General Motors announced it is abandoning its money-losing Cruise robotaxi unit after investing $2.4 billion and incurring over $10 billion in operating losses, instead focusing on driver-assist technologies for its personal vehicles. ", ShortTitle="GM Abandons Robotaxi Venture After $10 Billion in Losses"))

theguardian.com

🌐 85% Global Worthiness

Dec 10, 16:13

GM Threatens to Demolish Detroit Skyscraper Over $250m Subsidy Demand

General Motors is threatening to demolish Detroit's tallest building, the RenCen, if it doesn't receive a $250 million taxpayer subsidy for renovations, a move drawing accusations of "extortion" amid the automaker's recent $9.9 billion profit and substantial existing government support.

GM Threatens to Demolish Detroit Skyscraper Over $250m Subsidy Demand

General Motors is threatening to demolish Detroit's tallest building, the RenCen, if it doesn't receive a $250 million taxpayer subsidy for renovations, a move drawing accusations of "extortion" amid the automaker's recent $9.9 billion profit and substantial existing government support.

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Sustainable Cities and Communities

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What are the immediate consequences of GM's threat to demolish the RenCen if the $250 million subsidy isn't granted?

General Motors (GM) threatens to demolish the RenCen, Detroit's tallest skyscraper, if the city doesn't provide $250 million in subsidies for renovations. This has drawn criticism, labeled as "extortion" by some, given GM's recent $9.9 billion in profits and significant existing subsidies. The demolition would be the largest vacancy-driven teardown globally.

Showing 13 to 19 of 19 results