Electric Car News Gm Electric Vehicles Still Not Profitable, Company Sees Progress
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G.M. Will Cut 1,750 Jobs in Electric Vehicle Business
The layoffs at factories in Michigan, Ohio and Tennessee follow the elimination of a $7,500 federal tax credit for electric cars. Read More
GM’s Chief Financial Officer Admits On Video That Battery Electric Vehicles Are Unprofitable, the Timeline For Profitability Has Gotten Longer, and EV Demand Will Come Down ...
In an amazing video from October 21st, GM’s Chief Financial Officer says the quiet part out loud, admitting EVs are not profitable and that GM expects EV demand to fall starting in Q4. Read More
GM bets big on electric cars even as market slows
GM’s senior vice president and president of North America is in a critical position as industry braces for sale slump. Read More
General Motors Lays Off More Than 3,300 Electric-Vehicle Workers in U.S. Plants
The automaker is also cutting 550 jobs at its battery plant in Ohio as it adapts to an evolving regulatory environment. Read More
GM Laying Off 1,700 At Electric Vehicle And Battery Plants, Citing ‘Slower’ EV Adoption
General Motors will lay off about 1,200 workers at its electric vehicle plant in Detroit, the automaker told multiple outlets on Wednesday, as well as 550 at a battery facility in Ohio as the company ... Read More
EV production changes cost GM $1.6 billion, automaker says in SEC filing
GM said not ... Still, hurdles remain, such as an inconsistent EV charging network and the loss of the EV tax credit. Congress passed a bill ending the tax credit offered to electric car buyers of up ... Read More
G.M. Takes $1.6 Billion Loss After Electric Vehicle Subsidy Goes Away
Sales of electric vehicles (E.V.s) surged in August and September as buyers took advantage of a federal tax credit before it expired. Now, automakers expect to sell fewer E.V.s—and lose money on ... Read More
Mary Barra stands by GM's electric vehicle strategy
General Motors Co. CEO Mary Barra said Thursday that electric vehicles are still the Detroit automaker's "North Star," even as the company pulls back production to match limited demand. “From an EV ... Read More
General Motors Lays Off Thousands of Electric-Vehicle Workers in U.S. Plants
The automaker is also cutting 550 jobs at its battery plant in Ohio as it adapts to an evolving regulatory environment. Read More
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