General Motors says supply chain constraints won’t hinder the automaker’s goal of reaching electric vehicle profitability by 2025. GM expects its EV portfolio to have “the same margin profile” as its internal combustion engine portfolio over the next three years once factoring in U.S. tax credits for cars and trucks, CEO Mary Barra said Thursday […]
General Motors’ e-delivery van subsidiary BrightDrop said Thursday it’s on track to reach $1 billion in revenue next year. The company, which launched in 2021 and was incubated at the automaker’s global innovation center, said reaching the financial milestone would make it one of the quickest tech startups to reach unicorn status, ahead of Apple, […]
General Motors’ e-delivery van subsidiary BrightDrop said Thursday it’s on track to reach $1 billion in revenue next year. The company, which launched in 2021 and was incubated at the automaker’s global innovation center, said reaching the financial milestone would make it one of the quickest tech startups to reach unicorn status, ahead of Apple, […]
General Motors has temporarily paused paid advertising on Twitter, one day after billionaire and Tesla CEO Elon Musk finalized a $44 billion acquisition of the social media platform. CNBC was the first to report GM’s decision. ZebethMedia confirmed the U.S. automaker’s decision. “We are engaging with Twitter to understand the direction of the platform under […]
Cadillac confirmed Monday that its forthcoming flagship Celestiq sedan will launch late next year with all of the futuristic bells and whistles befitting a bespoke EV starting “north of $300,000.” The Celestiq isn’t just a flagship for the GM luxury brand. The four-seater is slated to set the direction for the brand’s transition to a […]
The battery-electric Celestiq sedan, which starts “north of $300,000,” is tasked with more than restoring Cadillac to its former glory; it now must back executives’ bold claim to “reestablish the iconic brand as the standard of the world.” But with a price tag more than three times the average transaction price of a vehicle from […]
General Motors is launching a new line of energy products to homeowners, businesses and utilities — the next step in an EV offensive designed to generate revenue beyond making and selling electric vehicles and aimed directly at Tesla. The product line will be housed under a new business unit called GM Energy and covers the […]
