Author: Joseph White
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For automakers, the EV surge is everything everywhere all at once
By Joseph White DETROIT (Reuters) – The surprise leadership shuffle on Thursday at Toyota Motor Corp, renewed urgency at Renault and Nissan Motor Co to restructure their alliance and Elon Musk’s declaration that Tesla Inc will be the world’s No. 1 automaker by a wide margin have one thing in common: What once defined the…
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GM sees its electric vehicles being profitable by 2025
By Joseph White DETROIT (Reuters) -General Motors Co expects its electric vehicles will make money in 2025, with recently enacted federal subsidies plugging the profitability gap between EVs and GM’s combustion fleet, Chief Executive Mary Barra said Thursday. Barra did not specify what GM’s electric vehicle profit margins would be as she began a presentation…
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GM’s strong Q3 results ease investor fears of slowdown
By Joseph White and Paul Lienert DETROIT (Reuters) -Investors cheered a solid third quarter at General Motors Co as the automaker’s performance and confidence tamped down growing fears of a global recession. GM shares were up nearly 2% in early trading on Tuesday as the company’s strong North American truck sales and prices drove a…
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GM, Hertz make deal to deploy up to 175,000 EVs
By David Shepardson and Joseph White (Reuters) -Rental car company Hertz Global Holdings plans to order up to 175,000 General Motors Co electric vehicles over the next five years, its latest move toward zero-emission models. The multi-billion dollar, multi-year deal could be the first of many GM agreements to supply electric vehicles to rental car…
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GM’s Cruise robotaxi unit drives deeper into the red
By Joseph White DETROIT (Reuters) – General Motors Co has lost nearly $5 billion since 2018 trying to build a robotaxi business in San Francisco, and now as the automaker’s Cruise unit starts charging for rides, the losses are accelerating. GM said on Tuesday it lost $500 million on Cruise during the second quarter –…
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Mercedes takes on Tesla with new U.S. battery plant, electric SUV
By Joseph White TUSCALOOSA, Ala. (Reuters) – Mercedes-Benz AG opened its first U.S. electric vehicle (EV) battery factory on Tuesday and said Japanese battery maker Envision AESC would supply battery modules for U.S.-made Mercedes EVs from a new U.S. plant by the middle of the decade. Alongside the launch of its Bibb County, Alabama battery…
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GM challenges Carvana with CarBravo online used car marketplace
By Joseph White DETROIT (Reuters) -General Motors Co said it will launch a new, online used vehicle market called CarBravo that will allow the automaker and its dealers to challenge Carvana Co, Carmax Inc and others profiting from selling secondhand vehicles. GM’s CarBravo site will aggregate vehicles owned by Chevrolet, Buick and GMC dealers, as…
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Amazon and Stellantis partner to deploy smarter cars, cleaner vans
By Joseph White and Gilles Guillaume (Reuters) – Amazon.com Inc and Stellantis NV said Wednesday they will collaborate to develop cars and trucks with Amazon software in the dashboards, and deploy electric vans made by Stellantis on Amazon’s delivery network. The agreements expand Amazon’s efforts to get a bigger foothold in the transportation industry, and…
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Deere says its robo-tractors are ready to till the fields
By Joseph White DETROIT (Reuters) – John Deere & Co said on Tuesday it will start commercial delivery this year of technology that enables a tractor to till a field without an operator in the cab, a first for the top North American tractor manufacturer after years of effort to automate farm work. Deere plans…
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Johnny Manziel angers, but doesn’t inspire as Browns lose
Johnny Manziel and Brian Hoyer didn’t make Mike Pettine’s decision any easier. Manziel struggled to hit open receivers and added another gesture to his repertoire – a middle finger apparently aimed at the Washington Redskins’ bench – while Hoyer completed only two passes in five series. Neither the hot-shot rookie nor the nondescript sixth-year veteran…