Thu, 14 Nov 2024 17:00:08 GMT (1731603608200)
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6 years ago
GM raises 2018 forecast, predicts stronger 2019 earningsGeneral Motors strengthened its pretax profit estimate for 2018 and predicted even stronger performance for this year as it executives made a presentation to investors on Friday. Shares jumped nearly 9 percent in midday trading. CEO Mary Barra also says...
6 years ago
Mark Reuss takes on role of president at General MotorsGeneral Motors has promoted product development chief Mark Reuss to company president. The longtime GM engineer replaces Dan Ammann, who is now CEO of GM's autonomous vehicle unit called Cruise Automation. Reuss will continue to lead product development and the...
6 years ago
Cruise control: GM's No. 2 exec to run self-driving car unitGeneral Motors' No. 2 executive is moving from Motor City to Silicon Valley to run the automaker's self-driving car operations as it attempts to cash in on its bet that robotic vehicles will transform transportation. GM President Dan Ammann will...
6 years ago
Japan's SoftBank to sink $2.25B into GM autonomous car unitThe Japanese technology conglomerate SoftBank will spend $2.25 billion for a nearly a 20 percent stake in General Motors' autonomous vehicle unit.GM said Thursday that it will also sink another $1.1 billion into its GM Cruise automated division. The capita...
7 years ago
California DMV reveals more hurdles ahead for self-driving carsThe California Department of Motor Vehicles explained on Monday one of the reasons why self-driving cars aren't buzzing around the Golden State's roads: Human drivers still have to take over too often.In response to a request from the DMV, eight...
7 years ago
Lyft, auto parts maker Magna partner on autonomous vehiclesRide-hailing company Lyft is joining with large Canadian auto parts supplier Magna to develop self-driving vehicles, sharing expenses on a multi-year project that could vault them onto the leader board in autonomous technology.The companies announced the p
7 years ago
Autonomous cars head for NYCAutonomous vehicles are already navigating the verdant hills of Pittsburgh and the pitched avenues of San Francisco. They may soon be tested by the chaos of Manhattan, where pedestrians, taxis, buses and bikes embark daily on an eternal quest to...
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