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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). “Our goal is to incentivize everyone to think and act with an enterprise perspective.”

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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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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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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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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. The post General Motors reports strong quarter, but EV fans might be disappointed appeared first on TESLARATI. GM beat Q4 estimates on revenue by reporting $42.98

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Flash Drive: 2023 Cadillac Lyriq

Clean Fleet Report

The RWD configuration gets one motor producing 340 horsepower and 325 pound-feet of torque for a 312-mile all-electric driving range and 0-60 mph in about 4.9 The AWD will have two motors that kicks it up to 550 horsepower (driving range not yet released). Pulling on the paddle slows the motor and allows for one pedal driving.