Carvana, Vroom and Shift see stock prices, fortunes fall
The online used-vehicle retailers are facing a reckoning after riding high on consumer and investor interest during the COVID-19 pandemic.
GM’s Cruise and BrightDrop explore autonomous EV delivery vans, report says
The autonomous vehicle and EV delivery van arms of GM have started early-stage work that could eventually put a self-driving system into the electric vans, Bloomberg reported.
Honda posts higher-than-expected annual profit but warns of headwinds
Automakers such as Honda have been forced to slash production due a shortage of microchips and now face an increase in costs amid China’s COVID-19 curbs and the war in Ukraine.
GM agrees to 8.5 percent raise with new Mexico union
GM has agreed an 8.5 percent wage hike with the new, independent union at its pick-up truck plant in the central Mexican city of Silao. A GM Mexico spokeswoman confirmed the raise in an email to Automotive News.
GM battery suppliers complete $50 million investment in Li-Cycle
Lithium ion battery recycling firm Li-Cycle said it received its previously announced $50 million investment from General Motors battery suppliers LG Chem and LG Energy Solution.