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General Motors beats Q3 projections, reports progress in EVs

Teslarati

General Motors ( NYSE: GM ) beat analyst expectations for the third quarter and reported what progress it made on its electric vehicle front for the three-month span. Strikes from the UAW halted production at many of its plants, and this morning, GM’s largest production facility became the latest target of work stoppages.

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News: 2025 Cadillac Escalade IQ EV

Clean Fleet Report

News: 2025 Cadillac Escalade IQ EV Cadillac’s Biggest SUV Goes All-Electric Cadillac has jumped to the head of the class by announcing the 2025 Escalade IQ will be the most luxurious full-size, three-row, seven-passenger electric SUV when it debuts in late 2024. Photos by Cadillac. Story by John Faulkner.

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General Motors inks cobalt supply deal with Glencore

Teslarati

General Motors has inked a new cobalt supply deal with Glencore PLC, a mining company that has dealt with EV leader Tesla in the past, as electric vehicle material availability becomes more unpredictable. Companies like Tesla, Rivian, and Ford have outlined their strategies for avoiding major bottlenecks in their EV supply chain.

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Tesla aiming for 200,000 Cybertrucks per year at volume production

Teslarati

When asked on the podcast how many Cybertrucks Tesla can make in a month, Musk told Rogan that Tesla is looking to build around 200,000 Cybertrucks per year upon scaling production. “We’re We’re aiming to make about 200,000 a year at volume production,” Musk said. And for that, Henry Ford deserves a lot of credit.

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GM EV production targets deemed unlikely thanks to supply chain woes

Teslarati

According to a new analysis of General Motors’ (GM) EV production, its goal for 2025 may be overly-optimistic. With the entrance of Ford into the electric pickup market just last year, it was more evident than ever that America’s largest domestic automaker had slid behind its traditional rival.

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Cadillac LYRIQ reservations sold out in just over ten minutes

Teslarati

Cadillac announced earlier this week that reservations for the LYRIQ EV sold out in just over ten minutes, marking an impressive statistic for demand. However, Cadillac did not detail how many reservations it received before closing down the reservations. Additional reservations will take place through Cadillac’s dealer network.

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GM tells suppliers it plans to increase production on EVs by more than six-times

Teslarati

General Motors told its suppliers that it plans to increase the production of its electric trucks and the Cadillac Lyriq SUV by more than six times in an attempt to keep pace with industry leaders. Production figures could reach a total of 46,000 units in 2022, an over 6x increase from original figures of 7,000 this year.

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