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EV sales in the U.S. reached record levels in Q3 of 2024, with an 11% year-over-year increase, according to Kelley Blue Book.

U.S. EV sales hit record highs in Q3 2024, driven by...

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Electric vehicle (EV) sales in the U.S. reached record levels in the third quarter of 2024, with an 11% year-over-year increase, according to Kelley...
General Motors (GM) is set to abandon the Ultium brand name for its EV batteries and technologies, signaling a shift in its battery strategy.

GM abandons Ultium brand name, shifts to tailored battery solutions

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General Motors (GM) is set to abandon the Ultium brand name for its electric vehicle (EV) batteries and technologies, signaling a significant shift in...
GM will aim to calm shareholder concerns regarding slower-than-expected demand for EVs and perceived peak demand for gasoline-powered trucks.

GM to reassure shareholders on EV strategy and ICE profit margins...

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General Motors (GM) will aim to calm shareholder concerns on Tuesday regarding slower-than-expected demand for electric vehicles (EVs) and perceived peak demand for gasoline-powered...
Expedition

Ford unveils redesigned 2025 Expedition with enhanced technology and comfort

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Ford is ramping up its efforts to stay competitive in the large SUV market by redesigning its 2025 Expedition. The new model boasts enhanced...
GM has halted production at two of its key assembly plants, affecting the production of its highly profitable heavy-duty pickups and SUVs

Hurricane Helene forces GM to halt production of heavy-duty pickups and...

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General Motors (GM) has been forced to halt production at two of its key assembly plants, affecting the production of its highly profitable heavy-duty...
Ford, Stellantis, and other major U.S. automakers reported mixed third-quarter sales results, highlighting ongoing challenges in the industry.

U.S. automakers face mixed Q3 sales as affordability concerns weigh heavily...

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Ford, Stellantis, and other major U.S. automakers reported mixed third quarter sales results, highlighting ongoing challenges in the industry as consumers grapple with affordability...
General Motors (GM) saw a notable surge in electric vehicle (EV) sales during the third quarter of 2024, reporting a 60% YOY increase

GM reports robust EV growth amid a slight Q3 sales decline.

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General Motors (GM) saw a notable surge in electric vehicle (EV) sales during the third quarter of 2024, reporting a 60% year-over-year increase to...
General Motors (GM) could lay off approximately 250 part-time temporary workers at its Fort Wayne Assembly plant in Indiana by next week

GM faces potential layoff of 250 temp workers at Fort Wayne...

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General Motors could lay off approximately 250 part-time temporary workers at its Fort Wayne Assembly plant in Indiana by next week. The move comes...
Investment firm Monroe Capital announced plans to launch a new fund to provide up to $1B in loans to smaller auto suppliers

Monroe Capital launches $1 billion fund to support small auto suppliers...

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Investment firm Monroe Capital LLC announced plans to launch a new fund, The Drive Forward Fund LP, aimed at providing up to $1 billion...
GM heavy-duty The move comes as GM invests approximately $390 million into the Fairfax facility to facilitate the production of the new Chevrolet Bolt EV.

GM to lay off 680 workers at Fairfax plant as production...

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General Motors (GM) announced Thursday that it will lay off 680 employees at its Fairfax assembly plant in Kansas City, Kansas, as it phases...