2025 Corvette ZR1 comes with 1K horsepower and possibly a steep price tag
General Motors-owned Chevrolet said Thursday its upcoming 2025 Corvette ZR1 sports car promises a whopping 1,064 horsepower. It will start production next year.
GM CEO Mary Barra on EV strategy as 2024 election heats up
GM CEO Mary Barra said she's comfortable with the automaker's EV strategy as the looming presidential election creates uncertainty about the next administration's view of EV regulations.
GM indefinitely pauses Cruise Origin autonomous vehicle while it refocuses unit
GM is indefinitely suspending production of the Cruise Origin as it focuses more attention on the Chevrolet EV Bolt. The self-driving cars were allowed back on the road this spring.
GM, Ford may see profit hit amid cooling EV demand, US dealer software problems
GM and Ford may post smaller quarterly profits this week after slowing consumer demand for EVs and a cyberattack on a critical software system used by dealerships disrupted sales.
Goldman Sachs profit jumps on robust debt underwriting, fixed-income trading
Earnings were $3.04 billion, or $8.62 per share, for the three months ended June 30, compared with $1.22 billion, or $3.08 per share, a year earlier, the bank said on Monday.
Biden admin ramps EV spending in swing states as election nears
The Biden administration announced $1.7 billion in grants for EV projects and retooling auto manufacturing facilities in eight states, including several critical swing states.
GM approves new $6B stock buyback on strong demand for gas-powered vehicles
General Motors announced it has approved a new share repurchase authorization to buy back up to $6 billion worth of the automaker's stock, citing strong demand for gas-powered vehicles.
Memorial Day weekend auto deals are back this year, Edmunds says
A surplus of 2023 model year inventory at domestic automaker dealerships means new car buyers can expect to snag steeper discounts on new vehicles this Memorial Day weekend.
GM ending production of Chevrolet Malibu
General Motors will end production of its Chevrolet Malibu sedan as it shifts its focus on electric vehicles. Its Kansas plant will now produce the next-gen Chevy Bolt.
Mercedes-Benz workers at Alabama plant slated for union vote in May
Workers at the Mercedes-Benz factory in Vance, Alabama, are scheduled to vote next month on whether to the join the United Auto Workers amid the union's organization push.