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GM expects lower 2024 EV sales amid lagging demand

Baua Electric

On Tuesday, CFO Paul Jacobson announced GM aims to build 200K to 250K EVs in 2024, down from its previous target of 200K to 300K, citing slower-than-expected EV demand in the US. At the Deutsche Bank Global Auto Industry Conference Tuesday, Jacobson said GM will continue to produce cars based on demand.

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GM expects lower 2024 EV sales after killing its most popular model

Baua Electric

On Tuesday, CFO Paul Jacobson announced GM aims to build 200K to 250K EVs in 2024, down from its previous target of 200K to 300K, citing slower-than-expected EV demand in the US. At the Deutsche Bank Global Auto Industry Conference Tuesday, Jacobson said GM will continue to produce cars based on demand.

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GM EV Factory ZERO first US auto plant to install 5G technology

Green Car Congress

Verizon Business announced GM is one of its first enterprise customers to use 5G Ultra Wideband service. billion investment, the largest ever for a GM manufacturing facility. Factory ZERO will be GM’s flagship assembly plant in our journey to an all-electric future. Factory ZERO is being completely retooled with a $2.2-billion

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GM and Microvast to develop specialized EV battery separator; new US separator facility

Green Car Congress

GM will contribute its separator and coating technology to the collaboration with Microvast. Led by the Pacific Northwest National Laboratory (PNNL), the consortium is a team of battery experts from national laboratories, academia and industry working to develop more reliable, affordable, longer range and higher performance EV batteries.

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GM unveils digital vehicle platform; 4.5 TB/h; installed on new Cadillac CT5, rollout to most GM vehicles globally by 2023

Green Car Congress

Our new digital vehicle platform and its eventual successors will underpin all our future innovations across a wide range of technological advancements, including EVs and expanded automated driving. GM implemented years ago a security vulnerability disclosure program to engage more closely with the research community.

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GM says EV hurdles are ‘not an issue now’ as new models roll out

Baua Electric

GM had its fair share of EV hurdles last year, leading to disappointing sales. Moving past Production Hell After delivering 75,883 electric cars last year, GM missed its goal of selling 100,000 EVs in the second half of 2023. GM’s delayed rollouts were caused by software issues, freight delays, and other factors.

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GM initiates $10B share buyback & updates 2023 guidance to boost Wall Street’s confidence

Teslarati

General Motors (GM) is taking bold moves to regain Wall Street’s confidence after weeks of strikes and negotiating with the United Auto Workers (UAW) union. The auto company will receive and retire $6.8 The auto company will receive and retire $6.8 GM predicts it will have $1.4 billion worth of common stock.

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