GM CEO tells investors the automaker is building new revenue streams that could create opportunities for suppliers, startups and high-tech workers. DETROIT – When General Motors CEO Mary Barra spoke with Wall Street investors during the company's second-quarter earnings call last week, she delivered a message that could have significant implications for Michigan's economy. GM's
ANN ARBOR - Michigan’s economy could face mounting pressure later this summer as rising oil prices tied to the growing Middle East conflict begin spreading through the state’s three largest economic pillars — the auto industry, tourism and agriculture. Economists warn the full impact of the global energy shock may not hit consumers and businesses
ANN ARBOR - Michigan’s auto industry is quietly becoming part of the energy business. As electric vehicle sales growth slows and battery factories look for steadier demand, automakers including Ford Motor Company, General Motors, and Tesla are expanding into stationary energy storage — large battery systems designed to stabilize electric grids, back up data centers,
DETROIT - In recent weeks, automakers and other companies in the vehicle space are pulling back their investments in electric vehicles, including laying off workers in multiple states. The moves come in the wake of Republicans’ One Big Beautiful Bill Act, which repealed incentives for consumers to buy electric cars. GM in particular is set
DETROIT - General Motors and Ford, plus foreign-owned Stellantis, which owns the Chrysler, Dodge and Jeep brands, all reported a healthy uptick in domestic vehicle sales in the latest quarter. They’re also having an easier time than expected navigating federal policy: Washington recently eased tariffs on some auto parts and is backing away from fuel
DETROIT - Electric vehicles are rapidly rising in popularity. In fact, some optimistic estimates suggest that electric vehicles might comprise 50% of all car sales by 2030. With that in mind, it is no surprise that some classic sports car companies want to get in the mix. Chevrolet recently unveiled a design for a future potential electric Corvette that has
DETROIT - General Motors and Hyundai together make more vehicles than any other single automaker in the world. Between us, we run nearly two dozen assembly plants, building cars, trucks, and SUVs spread across key markets worldwide. And we’re both in the top 50 for U.S. patents - a clear sign that innovation drives what
DETROIT - A breakthrough battery project started by General Motors in 2015 will produce a working power pack by the end of the decade, according to Kushal Narayanaswamy, the automaker's director of advanced battery cell engineering. The innovation is a lithium manganese-rich, or LMR, pack. Collaboration with LG Energy Solution has brought the promising technology over significant hurdles, including short
DETROIT - The future of electric vehicle technology may be just around the corner — and it's not necessarily what you might be envisioning. A General Motors patent recently surfaced revealing some interesting ideas the company has regarding a burgeoning EV concept: bidirectional charging. Using this technology, EVs can become a power source of their own, providing charge to a
DETROIT - General Motors CEO Mary Barra has said there are so many companies trying to sell electric vehicles in China right now that it's driving a price war that isn't sustainable. Barra made the comments at the TechCrunch Disrupt conference in San Francisco on Tuesday, responding to a question about the explosion of EV sales
