GM Looking to Grow its Finance Arm’s Capabilities

GM Looking to Grow its Finance Arm’s Capabilities

General Motors has been generating plenty of attention for its plans to shift to battery-electric vehicle production; however, the auto company has also been looking to get back into some old businesses too, namely banking. It’s an oversimplification, but the Wall...
End of the “Oil Era”?

End of the “Oil Era”?

An upcoming boom in EV sales, notably in China, will bring to an end the “oil era,” according to a new study by research firm Carbon Tracker. While the need for oil won’t end anytime soon, growth in demand will drop by 70%, the study forecast, while the switch to...
GM Testing Battery Pack for Autonomous Cruise Origin

GM Testing Battery Pack for Autonomous Cruise Origin

Correction: This story has been amended. GM is currently testing only the battery system for the Cruise Origin at its proving grounds.  General Motors expects to begin testing preproduction models of the self-driving Cruise Origin at its Michigan proving grounds next...
Tesla Stock Surges as Automaker is Added to S&P 500

Tesla Stock Surges as Automaker is Added to S&P 500

Tesla stock surged in after-hours trading Monday after it was announced the company would be added to the closely watched S&P 500 index, opening Tuesday 52 points higher than Monday’s closing price. Now the world’s most valuable automaker, Tesla had been...
Chevy Recalling 68,000 Bolt EVs Due to Fire Risk

Chevy Recalling 68,000 Bolt EVs Due to Fire Risk

General Motors has become the latest automaker to face the need to recall a battery-electric vehicle due to the risk of fires, the move announced this weekend impacting more than 68,000 of its Chevrolet Bolt EVs. “During our initial investigation we have...
Honda Gets Approval for Level 3 Driving in Japan

Honda Gets Approval for Level 3 Driving in Japan

Much of the focus on autonomous driving has been on Tesla, Waymo and, perhaps to a lesser extent, General Motors. However, it may be time to shine the spotlight on Honda as it passed a new milestone: Level 3 autonomy. The automaker just received approval from Japanese...