GM delays EV truck production at Michigan plant by year
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Tesla (TSLA) follows GM and Ford (F), slows EV ramp as demand drops
October 19, 2023 9:21 AM EDTTesla (NASDAQ: TSLA), on Wednesday, echoed the cautious approach of General Motors (NYSE: GM) and Ford (NYSE: F) towards expanding electric vehicle (EV) production capacity. The company cited economic uncertainties and emphasized concerns about a possible decline in demand.
Tesla CEO, Elon Musk voiced his apprehension about the... More
NHTSA probes GM’s self-driving unit for pedestrian risk
October 17, 2023 2:20 PM EDTOn Tuesday, U.S. auto safety regulators initiated an investigation to determine whether General Motors' (NYSE: GM) self-driving division, Cruise, is adequately prioritizing safety measures for its autonomous robotaxis to protect pedestrians.
The National Highway Traffic Safety Administration (NHTSA) disclosed that it has received two reports from Cruise concerning incidents in which pedestrians were harmed.
Additionally, the NHTSA has identified two additional incidents... More
General Motors (GM) to delay EV truck production at Michigan plant
October 17, 2023 1:56 PM EDTGeneral Motors (NYSE: GM) revealed Tuesday that the Detroit automaker will delay the production of electric pickup trucks at its Orion Township, Michigan facility as the company deals with "evolving EV demand."
The latest move suggests that electric vehicle production and demand might not be as strong as previously expected. Ford Motor (NYSE: F) announced on Friday that it would temporarily cut... More
