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General Motors

General Motors (GM) is a US carmaker that was the world’s biggest, although Toyota is challenging it for the title. It was hard hit by the global financial crisis, needing a government bailout, but emerged from chapter 11 reorganisation in 2009, and held an initial public offering in 2010. It returned to profit in 2011.

Chairman / President

Mary Barra

CEO / Managing Director

Mary Barra

CFO / Finance Director

Paul Jacobson

Industry

Automobiles

Website

gm.com

Headquarters address

300 Renaissance Center, Detroit, MI 48243, USA

Stock Code

NYSE:GM

Year founded

1908

last updated:

30 September, 2024

General Motors

Brazilian ports jammed with 70,000 Chinese EVs as tariffs loom

Chinese carmakers flood the world’s sixth-biggest car market as they try to avoid new tariffs.

GM’s China dream fades amid shift to EVs and rise of local rivals

F1 will be a ‘battle of giants’ with entry of GM, says RB boss ahead of Qatar GP

Mexico warns US ban on Chinese car tech could hurt its automotive industry

US proposal would effectively ban the import of Chinese-brand vehicles – even if they were assembled in Mexico.

China EVs: Geely’s Zeekr launches MPV aimed at middle-income families

Zeekr called its Mix MPV ‘an intelligent living room on wheels’.

Mexico’s new government considers tax incentives to lure foreign companies

Mexico is assessing how to spark more investment as companies look to move supply chains closer to their main market, the United States.

BMW, GM, Toyota lose more market share in China as slow EV shift hits deliveries

Foreign carmakers are ceding more share to local rivals, with BMW, VW and General Motors reporting further slumps in deliveries.

US House votes to restrict tax credits for EVs with Chinese battery tech

White House opposes bill, saying it would ‘raise taxes on American consumers, punish American auto manufacturers [and] threaten good-paying auto jobs’.

California allows Chinese robotaxi firm WeRide to test with passengers

The move comes as the company seeks a valuation of as much as US$5 billion from its New York initial public offering even as the US is set to ban vehicles with China-developed systems.

Donald Trump’s invitation to Chinese carmakers might boost US EV transition

The Republican presidential nominee may still disdain electric vehicles but encourages their manufacturers to build plants in the United States.

China’s love of domestic EVs endangers foreign carmakers, consultancy says

‘Fast EV adoption has put international marques in jeopardy,’ says AlixPartners’ Stephen Dyer, as local firms enjoy overwhelming advantages.

EU’s tariffs may stall, not stop, China’s EV exports, analysts say

The additional tariffs the EU plans to levy will not be severe enough to shut most Chinese-made electric vehicles (EVs) out, as the cost advantages of companies like BYD will outweigh the curbs, analysts say.

BYD mounts ‘big challenge’ to petrol-guzzling rivals with its new hybrid tech

The EV maker has unveiled a new version of its plug-in hybrid technology that it hopes will encourage more widespread adoption of electric cars in China, ratcheting up pressure on traditional carmakers like VW and General Motors.

Tesla to launch new models ahead of planned timeline, shares jump

Tesla launch of ‘new models’ by early 2025 in an advanced timeline would use its current platforms and production lines

BYD expects sales growth slowdown, banks on export surge for profits

BYD, the world’s largest electric-vehicle maker, is targeting a 20 per cent increase in sales this year, just a third of last year’s tally, as overcapacity concerns and a price war loom over the sector in mainland China.

Nio working with CATL to develop batteries with longer lifespans

The two companies aim to churn out EV batteries that can last for as long as 15 years, nearly double the current average lifespan, which could help EV users save tens of thousands of yuan, they say.

China EV war: BYD prices a fifth car below 100,000 yuan threshold

The world’s largest EV maker is taking the offensive in a market-share battle, with rivals including Xpeng, Zeekr and SAIC-GM-Wuling also slashing prices.

Xpeng’s first right-hand drive EV to hit Hong Kong, SE Asia roads this year

Chinese electric vehicle (EV) maker Xpeng plans to launch its first right-hand drive model in the second half of this year as it accelerates its push to go global, targeting markets such as Hong Kong and Southeast Asia.

Tesla fails to keep up with China’s fast-growing EV sector, posts sales decline

The US carmaker’s Gigafactory in Shanghai handed over 30,141 Model 3s and Model Ys to mainland customers last month, a year-on-year decline of 24.4 per cent, according to China Passenger Car Association data.

China’s BYD targets India with new EV model, starts work on Brazil plant

The Warren Buffett-backed carmaker has stepped up its pace of overseas expansion amid an ongoing price war and slowing sales at home.

Nio reports wider loss, forecasts sharp fall in deliveries as price war escalates

The Shanghai-based carmaker expects to hand over 31,000 to 33,000 EVs to mainland Chinese customers between January and March, down 34.1 to 38.1 per cent from the fourth quarter of 2023.

Chinese EV makers Li Auto, Xpeng, Nio post sales declines for second month

The decline ‘bodes ill’ for the market as a bruising price war may be imminent, sales executive says. EV makers are grappling with fiercer competition amid a drop in demand and signs of overcapacity.

Li Auto forecasts first-quarter sales drop, reports record profit

The bearish forecast was revealed after Li Auto reported a record quarterly profit that beat analysts’ expectations.

Opinion | Will slowing EV market put the brakes on climate goals?

Sales are not growing as strongly as expected, inventory is piling up in an oversupplied market and major markets like the US are showing a marked preference for hybrids.

As China powers ahead on EVs, battery plant health risks raise a red flag

Factory findings by health authorities around China have now shed light on the lesser-known health impact of the rapidly developing industry.

China’s EV price war to hot up as carmakers price models below 100,000 yuan

Analysts says lower battery costs are enabling EV makers to discount prices amid tougher competition and efforts to take more share from petrol car manufacturers.

US awards US$1.5 billion to GlobalFoundries for chip manufacture

Commerce Secretary Gina Raimondo said: ‘The chips that GlobalFoundries will make … are essential chips to our national security.’

Jay Leno’s quirky US$50 million car collection, from McLaren F1 to Ford GT

From a custom biodiesel sports car to a British army reconnaissance vehicle and a McLaren F1, Jay Leno’s car collection is quite simply like no other …