GM Reports Strong Q4 Earnings, Profitable 2020

GM Reports Strong Q4 Earnings, Profitable 2020

This story has been updated with additional information about the semiconductor shortage, 2021 guidance and Bitcoin from GM’s earnings call. General Motors reported fourth-quarter and full-year profits for 2022, despite the negatives associated with the COVID-19...
Supplier Tracks Automakers with Carbon Neutrality Pledge

Supplier Tracks Automakers with Carbon Neutrality Pledge

Pledges by a number of automakers to become carbon neutral are now being mirrored by at least one of the auto industry’s top suppliers, which is promising to become carbon neutral by the middle of the century. Valeo, a large French supplier with operations in Europe,...
Ford Ups to $29 Billion its Investment in EVs, AVs

Ford Ups to $29 Billion its Investment in EVs, AVs

Ford Motor Co. will boost to $29 billion the investment it plans to make in electrified and autonomous vehicles, nearly tripling its bet on a high-tech future where it is positioned as a “mobility” company, rather than just an automotive manufacturer. The announcement...
Carmakers Withdraw from Trump Lawsuit Against California

Carmakers Withdraw from Trump Lawsuit Against California

The ink was not even dry on Pete Buttigieg’s confirmation as Secretary of Transportation by the U.S. Senate when several automakers announced they were “withdrawing” from the lawsuit filed by the Trump administration to roll back the State of California’s right to set...
UAW Consent Decree Clears Path for Referendum

UAW Consent Decree Clears Path for Referendum

Members of the United Auto Workers could vote by September whether to amend the UAW’s constitution to allow a direct vote for top officers under the terms of a consent decree approved by a federal judge in Detroit. The 30-page decree, issued Friday, gives the union 30...

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