general motors

Walmart is adding Cruise, a majority-owned affiliate of General Motors, to its roster of self-driving startup partners, in a pilot delivery program early next year in Scottsdale, Ariz., the retailer

One of Tesla’s main rivals is planning to take legal action against an activist short-seller that accused it of being “an intricate fraud.” Shares of electric automaker Nikola — which like Tesla is named after the 19th-century inventor — were down more than 15 percent Friday afternoon after a report from Hindenburg Research accused founder …

General Motors has taken an 11 percent stake in electric-vehicle maker Nikola, through a multibillion-dollar partnership with the Tesla rival announced Tuesday. Under the deal, GM will get $2 billion in Nikola stock to engineer and manufacture the all-electric Badger pickup truck that the Phoenix-based startup first unveiled in February. Nikola will also get access …

General Motors and Honda are teaming up in North America. The auto titans, which have collaborated before, intend to share common vehicle platforms on the continent, including electrified and internal combustion propulsion systems. The partnership comes as carmakers are feeling the heat as they try to meet demands for cleaner vehicles. The team-up will see …

General Motors is developing an electric van aimed at business users, joining a growing list of carmakers planning EVs for the same segment that includes customers such as Amazon and UPS, five people familiar with the plans told Reuters. That multibillion-dollar strategy could enable GM, Ford and at least two EV startups to build and …

Federal lawmakers are making a bipartisan push to bail out the auto industry as the coronavirus crisis causes car sales to plummet, a new report says. Midwestern representatives are circulating a letter to convince their colleagues to throw auto manufacturers and suppliers a financial lifeline in a future relief package, The Washington Post reported Wednesday. …

DETROIT — Fiat Chrysler is backing off a planned May 4 restart at its North American factories because some U.S. states still will have stay-home orders in place. The move likely means that factories of all three Detroit automakers will be idled for at least another two weeks as they negotiate reopening terms with the United …

General Motors will make 30,000 ventilators within five months to support the US’s fight against the coronavirus, the feds said Wednesday. The automaker will deliver the life-saving machines to the Strategic National Stockpile by the end of August through a $489.4 million contract with the federal Department of Health and Human Services, officials said. It’s …

General Motors is temporarily cutting pay for thousands of salaried workers to save cash during the coronavirus crisis. The Detroit-based automaker’s roughly 69,000 white-collar employees will defer 20 percent of their cash compensation starting Wednesday, the company said. Their health care benefits will not be affected. GM said the employees — who account for 42 …

The rapid spread of the coronavirus since it was first reported in China has dealt an unprecedented shock to the global economy. Following are business developments Monday related to the outbreak as governments attempt to stabilize their economies, companies struggle to cope and millions of people face job losses and disruptions in supplies of goods …