G.M. Books a $7.1 Billion Loss as It Scales Back E.V. Ambitions - The New York Times

kept by eddie jan 09

General Motors recorded a $7.1 billion loss by writing down battery and EV factory values after federal policy shifts reduced demand.

GM Will Still Make Fuel Efficient Motors Despite Weaker Rules, CEO Mary Barra Says - The New York Times
GM CEO Mary Barra commits to manufacturing fuel-efficient engines regardless of weaker regulations, but remains uncertain about electric vehicle mainstream adoption in the US.
also on General Motors, #electric-vehicles, #automotive, #regulation, #business-strategy
Exclusive | Pentagon Approaches Automakers, Manufacturers to Boost Weapons Production - WSJ
The Trump administration is seeking automakers like GM and Ford to shift capacity to weapons production, echoing WWII-era industrial mobilization.
also on General Motors, #automotive, #business-strategy
Tesla is committing automotive suicide
Tesla is abandoning its automotive business by killing Model S/X, skipping new models, and pivoting entirely to robotaxis and humanoid robots.
also on #electric-vehicles, #automotive, #business-strategy
Ford kills the All-Electric F-150
Ford cancels the all-electric F-150 Lightning and will replace it with an extended-range EV (EREV) version.
also on #electric-vehicles, #automotive, #business-strategy