General Motors CEO Mary Barra, center, at the New York Stock Exchange, Nov. 17, 2022.Source: NYSEDETROIT – General Motors on Tuesday announced a new $6 billion stock repurchase authorization has been approved by its board.The new buyback authorization comes as an accelerated $10 billion share repurchase program announced in...
United Auto Workers President Shawn Fain testifies about the toll of working hours on laborers before the Senate Senate Health, Education, Labor, and Pensions Committee in the Dirksen Senate Office Building on Capitol Hill on March 14, 2024 in Washington, DC. Chip Somodevilla | Getty ImagesDETROIT – United Auto Workers...
Customers exit a Costco store in Teterboro, New Jersey, June 28, 2023.Kena Betancur | Corbis News | Getty ImagesDETROIT — General Motors has a not-so-secret weapon when it comes to getting U.S. consumers into its new all-electric vehicles: Costco Wholesale.The Detroit automaker said it's increasingly using the retail giant's...
Rivian Automotive has redesigned its all-electric R1 pickup and SUV models to improve range, performance and computing power with the help of Nvidia chips, the company said Thursday.While the 2025 model-year vehicles do not outwardly look too different than the current models, Rivian said it has changed more than...
The Mustang Mach-E on display at the New York International Auto Show on March 28, 2024.Danielle DeVries | CNBCDETROIT – Ford Motor's U.S. new vehicle sales rose 11.2% last month compared to May of last year, boosted by strong sales growth for all-electric and hybrid models.The Detroit automaker on...
A Jeep Wrangler plug-in hybrid electric vehicle (PHEV) during the 2023 New York International Auto Show (NYIAS) in New York, on Wednesday, April 5, 2023.Stephanie Keith | Bloomberg | Getty ImagesNEW YORK – Jeep plans to grow U.S. sales of its plug-in hybrid electric vehicles by as much as...
Ford Motor is turning an abandoned train station used for decades as an infamous symbol of Detroit's downfall and blight into a new technology campus for the automaker and mixed-use property for the city.Michael Wayland / CNBCDETROIT – Ford's latest project out of the Motor City is the restoration and...
2024 Jeep Wagoneer S EVJeepNEW YORK – The first all-electric Jeep SUV for the U.S. will be the Wagoneer S, starting at about $72,000 when it's scheduled to go on sale this fall.The Stellantis-owned brand revealed the vehicle and pricing Thursday, portraying it as a "new chapter" for the...
Stellantis CEO Carlos Tavares photographed next to a Jeep Avenger at the Paris Motor Show on Oct. 17, 2022.Nathan Laine | Bloomberg | Getty ImagesStellantis plans to offer a $25,000 all-electric Jeep vehicle in the U.S. "very soon" to better attract mainstream consumers amid slower-than-expected electric vehicle adoption, CEO...
2025 Cadillac OptiqCadillacDETROIT – General Motors' new entry-level 2025 Cadillac Optiq electric vehicle will start at $54,000, the company said Wednesday.The compact-sized crossover is set to be Cadillac's fourth electric vehicle when it goes on sale later this year. It follows the $59,000 Lyriq midsize crossover, the $300,000-plus bespoke...