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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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GM to factor in EVs, software and Cruise in worker bonus talks

Teslarati

General Motors (GM) is looking to specific business areas to help determine worker bonuses for the year, as the automaker attempts to right the ship at self-driving unit Cruise and launch additional electric vehicles (EVs). GM may have found its solution to its Ultium bottlenecks What are your thoughts?

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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. According to a report from Reuters , Stellantis will temporarily lay off 525 more workers in Michigan, while GM will furlough 139 employees in Ohio.

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

Baua Electric

Cadillac has revealed an entry EV for the GM luxury brand that doesn’t seem so entry-level in size, technology, or price. It’s a new, simplified design that will appear in other upcoming Cadillac EVs—including the 2025 Cadillac Escalade IQ —and the headlamps will show at a glance what your state of charge is as you go.

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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

Including Kia and Genesis, Hyundai topped American automakers Ford and GM’s Chevy for second behind only Tesla. Despite rivals like Ford and GM pulling back on EV initiatives, Hyundai is doubling down. That’s more than the Cadillac Escalade, 3-row Land Rover Range Rover P400, and Mercedes EQS. of the market. of rear legroom.

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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. GM beat Q4 estimates on revenue by reporting $42.98 ” Barra said she does expect GM to be profit positive by 2H 2024. billion, better than the $39.53