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GM plans to cut spending on Cruise in half this year

Teslarati

General Motors (GM) held its 2023 earnings call on Tuesday morning, and in it, the automaker detailed its plans to cut spending on the self-driving unit Cruise after one of the company’s robotaxis struck a pedestrian last October. billion before taxes from Cruise, spending about $1.9 billion in cash during the same year.

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Cruise wants to pay $75,000 to end an investigation into its crash response

Teslarati

After a Cruise self-driving vehicle hit and dragged a pedestrian in October, the General Motors (GM) subsidiary has offered to pay $75,000 to help resolve an ongoing investigation from California regulators. GM suing San Francisco to refund over $108 million in Cruise taxes What are your thoughts?

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More bad buzz for Chevy Blazer EV: software glitches, doors that fly open

Baua Electric

After customer complaints over its software issues, which sparked a halt on sales right before Christmas, General Motors has now issued a small safety recall , which includes the Chevrolet Blazer EV, for vehicles that may have defective doors that could fly open while driving.

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DOE Turns Down V-Vehicle Loan Applications

Green Car Congress

The DOE conducted an extensive technical, market, financial, regulatory, credit and legal analysis following its determination that the applications were substantially complete in May 2009. The first production prototype of the V Car is in testing and the projected national on-sale date was planned for the fourth quarter 2011.

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Lordstown Motors Goes Bust

The Truth About Cars

Lordstown’s share price collapsed in 2021 and the company has suffered numerous production delays. Former chief executive of Lordstown Motors, Steve Burns, managed to sell off every share of his stock before the company filed for Chapter 11. Though the writing was already on the wall for the Ohio-based electric vehicle manufacturer.

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Grant Thornton LLP Warns of Potential Collapse of Automotive Supply Chain

Green Car Congress

The economic impact of a General Motors or Chrysler bankruptcy is being debated across the country. Grant Thornton LLP is the US member firm of Grant Thornton International Ltd, one of the six global audit, tax and advisory organizations. This would help automakers identify and support the most viable companies.

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America’s lithium laws fail to keep pace with rapid development – ET Auto

Baua Electric

lithium operation – a small mine operated by Albemarle – has taxed minerals for more than 100 years, but at a rate based on each facility’s revenue. states, legal experts, politicians, landowners, investors, royalty firms, industry executives and consultants. Nevada, which has the only commercial U.S.