Chevy Will Not Follow Cadillac and Buick in Offering Franchise Buyouts

Tesla (TSLA) Halts Battery Production Plans in Germany as it Seeks U.S. Tax Credits

According to an exclusive report by the Wall Street Journal today, electric vehicle giant, Tesla (NASDAQ: TSLA) has decided to put a pause on the companys plans to make battery cells in Germany. The electric vehicle giant has been working to produce its own batteries and has discussed shipping equipment intended for use in Berlin to the US for domestic use.

According to the report, citing people familiar with the matter, Tesla is looking at qualifying for U.S. electric... More

General Motors (GM) Holds Investor Cruise Event; Announces Austin and Phoenix Expansion

General Motors (NYSE: GM) hosted an investor event focused on their autonomous unit, Cruise. The event featured demonstrations and discussions as well as rides in the Cruise autonomous vehicles.

Wells Fargo analyst, Colin Langan wrote in a note about his experience, saying During our Cruise test ride, the vehicle had trouble ending our trip at our final destination and rerouted twice before I decided to partially open the door, which prompted the vehicle to... More

General Motors (GM) PT Lowered to $90 at BofA Securities

BofA Securities analyst John Murphy lowered the price target on General Motors (NYSE: GM) to $90.00 (from $95.00) while maintaining a Buy rating.... More

Chevrolet Introduces All-Electric 2024 Equinox

Chevrolet introduced the new 2024 Equinox EV on their website Thursday, the third electric vehicle introduced by the carmaker this year. The all-electric SUV is designed to help modern families make a seamless, confident, and uncompromising transition to electric vehicles.

We are at a turning point where EVs will be the mainstream choice for the next generation of customers and... More

General Motors (GM) to Develop Platform Targeting Chinese Affluent

An exclusive from Reuters reports today that American carmaker, General Motors (NYSE: GM) is planning to target affluent Chinese consumers with niche, luxury imports using a new direct sales platform called Durant Guild.

Using the platform, the company will host invitation-only events to showcase possible products, open "experience centers" in urban hubs and potentially stage pop-ups at selected sites.

"Durant Guild is not a volume play, but if we do a good job and the products sell well,... More