Wednesday, 5 February 2025

Focus on General Motors Company

FILE PHOTO: General Motors chair and chief executive officer Mary Barra participates in an Economic Club of Washington discussion on "the transformation of the automotive industry to an all-electric future, the path to autonomous vehicles, and the recent negotiations with GM's workforce" in Washington, U.S., December 13, 2023. REUTERS/Elizabeth Frantz/File Photo
AutomotiveBusinessElectric Vehicles (EVs)IndustryManufacturingNewsTrade

GM seeks to ease investor concerns as EV growth slows

GM aims to reassure investors that profits from ICE vehicles remain strong and EV sales are improving, despite slower demand.

FILE PHOTO: Tesla logo and Elon Musk silhouette are seen in this illustration taken, December 19, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessElectric Vehicles (EVs)IndustryManufacturingNewsRegulations

Tesla’s Musk heads to Hollywood to unveil his robotaxi — and face a long list of questions

Tesla to unveil its Cybercab robotaxi, but experts doubt short-term gains amid high expectations and regulatory hurdles.

FILE PHOTO: Rio Tinto logo is seen displayed in this illustration taken April 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessCritical MineralsElectric Vehicles (EVs)MiningNewsSolarStorage

Rio Tinto in talks to buy lithium miner Arcadium, sources say

Rio Tinto eyes $4-6 billion Arcadium takeover to secure lithium, positioning as the third-largest EV battery metal producer.

Yun B. Choi, Chairman of Korea Zinc board answers questions from the media during a press conference in Seoul, South Korea, October 4, 2024.   Yonhap via REUTERS
BusinessCritical MineralsElectric Vehicles (EVs)ManufacturingNewsRegulations

Private equity firm MBK, Young Poong raise Korea Zinc tender offer to $1.88 billion

MBK and Young Poong raise bid to 830,000 won per share in takeover battle for Korea Zinc, crucial for EV and tech supply...

A Waymo rider-only robotaxi is seen during a test ride in San Francisco, California, U.S., December 9, 2022. REUTERS/Paresh Dave/File Photo
BusinessElectric Vehicles (EVs)ManufacturingNewsRegulations

Alphabet’s Waymo to expand robotaxi fleet with Hyundai EVs

Alphabet's Waymo partners with Hyundai to add IONIQ 5 EVs to its U.S. robotaxi fleet, with testing to begin in late 2025.

FILE PHOTO: A Tesla Model 3 vehicle warns the driver to keep their hands on the wheel and be prepared to take over at anytime while driving using FSD (Full Self-Driving) in Encinitas, California, U.S., October 18, 2023. REUTERS/Mike Blake/File Photo
AnalysisAutomotiveBusinessElectric Vehicles (EVs)NewsRegulationsTransport

US Uber, Lyft drivers use Teslas as makeshift robotaxis, raising safety concerns

Tesla's Full Self-Driving software is being used by ride-hail drivers, despite safety concerns.

FILE PHOTO: 2020 Ford Explorer cars are seen at Ford's Chicago Assembly Plant in Chicago, Illinois, U.S. June 24, 2019. REUTERS/Kamil Krzaczynski/File Photo
AutomotiveBusinessEconomyElectric Vehicles (EVs)FinanceManufacturingNews

Ford reports weak US sales for third quarter

Ford reported weaker U.S. vehicle sales growth in Q3, causing shares to drop two per cent, reflecting ongoing buyer affordability concerns.

FILE PHOTO: The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. Picture taken March 16, 2021.  REUTERS/Rebecca Cook/File Photo
AutomotiveBusinessEconomyElectric Vehicles (EVs)FinanceIndustryManufacturingNewsTrade

GM seeks to ease shareholders’ nerves at investor day

GM aims to reassure investors that despite slowing EV demand, profit growth remains achievable, focusing on stability.

General Motors reported lower overall sales but the introduction of the Chevrolet Equinox EV helped boost electric auto sales (AFP)
BusinessElectric Vehicles (EVs)FinanceManufacturingNews

GM reports US sales dip, but says EVs grew

GM reported a 2.2 per cent drop in Q3 US sales but highlighted 46 per cent growth in EV sales, steady pricing, and...

FILE PHOTO: Cars are seen parked at the port in Bayonne, New Jersey, U.S., August 21, 2021. REUTERS/Andrew Kelly/File Photo
AnalysisAutomotiveBusinessElectric Vehicles (EVs)Labour

European automakers most at risk from US dockworkers strike, analysts say

European automakers face the biggest impact from U.S. East Coast port strikes, risking supply chain disruptions.

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