General Motors stock is rising on strong earnings and sales
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An inside look at General Motors' massive gamble in ditching CarPlay
A little over a year ago, General Motors made what may well turn out to be one of its biggest gambles in many years: dropping support for CarPlay for all future EVs. To most of us, the decision seemed insane, likely to result in a huge number of lost sales – but a new report suggests that the company felt it had little choice more
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General Motors beats quarterly results targets, raises forecast
General Motors on Tuesday posted quarterly results that topped Wall Street targets and raised its annual forecast, citing stable pricing and demand for its gas-engine vehicles, sending shares up 3.45% in pre-market trading. “Our consumer has been remarkably resilient in this period of higher interest rates,” GM Chief Financial Officer Paul Jacobson said. While the company started 2024 strong, CEO Mary Barra still has two large challenges ahead: turning around GM's shrinking sales in China, and...
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San Antonio-based DeLorean Motors ReImagined has shuttered its headquarters
San Antonio-based DeLorean Motors Reimagined — the startup that made headline-grabbing promises to bring back the '80s sports car featured in the Back to the Future film franchise as an electric vehicle — has shuttered its headquarters operation. The signage at DeLorean's building at Port San Antonio had been taken down as of a Monday morning visit, and the company's offices appeared abandoned. What's more, both phone numbers listed on DeLorean's website have been disconnected.