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GM plans to cut spending on Cruise in half this year

Teslarati

General Motors (GM) held its 2023 earnings call on Tuesday morning, and in it, the automaker detailed its plans to cut spending on the self-driving unit Cruise after one of the company’s robotaxis struck a pedestrian last October. billion before taxes from Cruise, spending about $1.9 billion in cash during the same year.

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Stellantis and GM furlough more workers as UAW strike expands

Teslarati

General Motors (GM) and Stellantis have announced plans to furlough hundreds more workers, just after the United Auto Workers (UAW) expanded strikes against both automakers this week. Jacobson reported that the automaker has retained its target of low-digit profit margins on EVs and one million in annual production capacity by 2025.

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Exclusive: 2023 Cadillac Lyriq Preview

Clean Fleet Report

General Motors, the parent company of Cadillac, announced by the year 2035 they will only be selling zero-emission vehicles. This means the massively popular Escalade will be gone or reengineered, as well as the CT4 and CT5 sedans, and all the XT SUV models. Pulling on the paddle slows the motor and allows for one pedal driving.

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Hyundai IONIQ 7 will go by IONIQ 9 as the brand’s first three-row electric SUV

Baua Electric

That’s more than the Cadillac Escalade, 3-row Land Rover Range Rover P400, and Mercedes EQS. Hyundai is expected to debut the IONIQ 9 at the Busan International Motor Show (BIMOS) in South South Korea on June 27, 2024. billion Metaplant to qualify for the $7,500 federal tax credit. of rear legroom.

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2025 Cadillac Optiq EV pivots to Millennials, goes soft on Art & Science

Baua Electric

While that price tag won’t be anywhere as affordable as the XT4 ($39,090 base), Cadillac’s gasoline-fueled compact entry SUV, if it qualifies for the $7,500 EV tax credit it will cost about the same, effectively, as today’s XT5 SUV ($47,290 base) while providing much more cargo and passenger space. The Optiq shares that model’s 116.3-inch

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General Motors reports strong quarter, but EV fans might be disappointed

Teslarati

General Motors ( NYSE: GM ) reported strong quarterly earnings for Q4 2023 today, but electric vehicle fans might be disappointed with the company’s outlook. Those projections are based on the current expectations for EV demand and production growth. GM beat Q4 estimates on revenue by reporting $42.98 billion consensus estimate.

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Lotus and Harmon partner up to add sound to hybrids

Tony Karrer Delicious EVdriven

Harman International, the world-renowned high-end infotainment systems provider, will be the production system integrator and supplier, and will work with vehicle manufacturers on model specific system architecture options. Working systems are ready for production implementation and manufacture.

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