GM Financial profit slips in Q4 as interest rates rise
General Motors’ captive lender said it experienced the effects of lower net leased vehicle income and higher interest costs.
Upstart: Layoffs won't significantly alter auto lending, digital retail businesses
Though layoffs occurred within its auto businesses, Upstart doesn’t expect its auto digital retail and underwriting operations to experience major impacts.
GM hires former Tesla exec to head mergers and acquisitions
The automaker’s newest vice president, Zach Kirkman, spent six years at Tesla and six years at Apple prior to that.
Congress reintroduces bill to stop surge of catalytic converter thefts
The legislation aims to reduce catalytic converter thefts by requiring new vehicles to have the VIN stamped onto the converter, allowing law enforcement officers to link stolen parts to the originating vehicles.
GM to co-develop Nevada lithium mine as it ramps up EV production
The automaker says it will acquire a $650 million equity stake in Lithium Americas Corp. in a deal that will produce enough lithium for 1 million EVs a year.