2020 Chevrolet Corvette GM U.S. auto sales for General Motors declined 11.8% in 2020 but showed strong signs of a recovery in the fourth quarter, the company said Tuesday. GM’s domestic sales rose 4.8% during the last three months of last year compared with the same period in 2019. Retail …
Read More »GM’s defense unit sees $25 billion market in potential military contracts for automaker
The GM Defense Infantry Squad Vehicle was uniquely engineered to meet U.S. military specifications. It is based on the automaker’s off-road Chevrolet Colorado ZR2 midsize truck architecture. GM Defense DETROIT – General Motors is targeting significant growth for its resurrected military defense unit, which quietly re-launched three years ago and …
Read More »GM’s Cruise begins testing autonomous vehicles in San Francisco
Two self-driving Chevy Bolt EV cars are seen during a media event by Cruise, GM’s autonomous car unit, in San Francisco, California, U.S. November 28, 2017. Elijah Nouvelage | Reuters Cruise, a majority-owned subsidiary of General Motors, has started testing self-driving vehicles without driver monitors in San Francisco, the company …
Read More »Coronavirus pandemic and EVs prove GM’s worth to investors
As ride-hailing companies Uber and Lyft rose to popularity and e-scooters popped up across major U.S. cities earlier this decade, industry analysts predicted the beginning of the end of car ownership. That meant “traditional” automakers such as General Motors would have to evolve or die. In an effort to spur …
Read More »GM’s last decade has produced paltry returns, but EVs hold hope for Tesla growth
Ten years ago, General Motors made its second debut on the New York Stock Exchange in what was then the largest initial public offering in U.S. history — ushering in a new era of renewed optimism for the company and U.S. economy after emerging from bankruptcy in the Great Recession. …
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