Tesla announced its auto revenues are down, and GM is delaying a new electric truck manufacturing plant.
GM will relocate to a modern office building about a mile north of the Renaissance Center along a stretch of road that now houses high-end shops and restaurants.
GM is slated to take up the issue at its annual shareholder meeting.
A conversation with the reporter who broke the story, then found out she was among the drivers impacted.
After a traffic block and accident in San Francisco, California suspended operations of Cruise robotaxis. Now, parent company GM is scaling back.
The deal follows the pattern set with Ford last week and Jeep maker Stellantis over the weekend.
Investors — and the union — will be scrutinizing the numbers for clues about how the extended work stoppage is affecting the companies.
While EV trucks and SUVs are better for the environment than their gas-guzzling counterparts, they come with other problems.
The automaker’s CEO says it won’t invest in hybrids, but instead focus on batteries, a new vehicle platform and charging infrastructure.
Higher borrowing costs are one factor holding back the manufacturing sector.
