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☆ GM cuts Chevy Blazer EV price as sales restart following software issues
▼ + stars: | 2024-03-08 | by ( Michael Wayland | ) www.cnbc.com time to read: +4 min

Scott Mlyn | CNBCDETROIT — General Motors is reducing the price of its new Chevrolet Blazer EV by thousands of dollars as it restarts sales of the vehicle Friday following an 11-week stoppage to address software issues. Current 2024 Blazer EV models will start at $50,195, or $6,520 less than when it first went on sale in August. "There is not this singular, predominant root cause that causes all of these issues," Cetinok told CNBC during an interview. Still no Apple CarPlayIn addition to fixing the software issues, GM added or changed some features following early customer feedback. More expensive "RS" models of the Blazer EV will be reduced by $5,620 to starting prices of $54,595 for all-wheel drive, or $56,170 for rear-wheel drive.

Persons: Scott Mlyn, Baris, Cetinok, Price Organizations: Electric, CNBC DETROIT —, Motors, Chevrolet, GM, CNBC, Apple, Blazer SS EV, Android Auto, Blazer, Apple Inc

☆ Chevy Blazer Troubles Add to GM’s EV Growing Pains
▼ + stars: | 2024-01-14 | by ( Mike Colias | ) www.wsj.com time to read: 1 min

The Chevrolet Blazer’s turbulent rollout is the latest setback as GM seeks to establish itself as an EV player. Photo: jim lo scalzo/ShutterstockAs one of the nation’s first owners of General Motors ’ new electric Chevrolet Blazer, James Hattin was loving the SUV—before the problems began. On a trip from the mountains back to his home in Burbank, Calif., he and his wife heard weird clicking noises coming from the dashboard. A short time later, the cruise control went out. A few days after that, in his driveway, the car’s screens went blank and the car wouldn’t start.

Persons: jim lo, James Hattin Organizations: General Motors, Chevrolet Locations: Burbank , Calif

☆ UAW strike could buy GM time to address nagging EV issues
▼ + stars: | 2023-09-17 | by ( Paul Lienert | ) www.reuters.com time to read: +4 min

The company delivered just 1,348 Lyriqs and 47 Hummers in the second quarter, far below expectations, in part because of issues with battery module assembly. A longer strike could help GM address and potentially resolve some of those ongoing issues in its EV and battery operations, according to Sam Fiorani, vice president of global vehicle forecasting at AutoForecast Solutions. "A production stoppage could allow GM to solve bottlenecks,” Fiorani said. Wedbush auto analyst Daniel Ives said the strike was "a potential nightmare situation" for GM given it comes exactly at a key period of ironing out EV issues. In addition, the UAW strike in the United States could affect the flow of critical auto parts to GM operations in Canada and Mexico, which would hamper EV production there, Rinna said.

Persons: Jennifer Granholm, Jonathan Ernst, GlobalData, Mary Barra, Rory Harvey, Hummer, Sam Fiorani, Fiorani, GM's Barra, Bill Rinna, Daniel Ives, Ives, Rinna, GM’s Ramos, Paul Lienert, Deepa Babington Organizations: U.S . Energy, Washington Auto, REUTERS, Rights, General Motors, Ford Motor, UAW, Ford, Chevrolet Silverado, GMC Sierra, GM, GMC, AutoForecast Solutions, EV, Chevrolet Blazer, Thomson Locations: Washington , U.S, United States, Canada, Mexico, Ingersoll, Detroit

☆ Earnings playbook: Alphabet and General Motors lead off a busy week of reports
▼ + stars: | 2023-07-23 | by ( Fred Imbert | ) www.cnbc.com time to read: +12 min

Tuesday General Motors is set to report earnings before the bell, followed by a call at 8:30 a.m. What history shows: GM earnings beat earnings expectations 86% of the time, according to Bespoke. Alphabet is set to report earnings after the bell, with management slated to hold a call at 5 p.m. This quarter: Earnings for the tech giant are expected to have grown by 10% from the year-earlier period, per Refinitiv. What history shows: Bespoke data shows Alphabet earnings beat expectations 68% of the time, and the stock rises more than 1% on earnings day.

Persons: Michael Wayland, GM's EVs, GOOGL, Jennifer Elias, Goldman Sachs, Kash Rangan, Rangan, Peter Grom, Leslie Josephs, Max, Wells, Zachary Fadem, Jonathan Vanian, Meta, Refinitiv, Jefferies, Andy Barish, LUV, — CNBC's Michael Bloom Organizations: General Motors, Microsoft, Refinitiv, CNBC, company's, Silverado, United Auto Workers union, Investors, Management, PepsiCo, UBS, Boeing, Corporate, Twitter, Meta, Southwest Airlines, U.S, Southwest Locations: U.S, FactSet

☆ G.M.’s Profits Fell 18.5% in the First Quarter
▼ + stars: | 2023-04-25 | by ( Neal E. Boudette | ) www.nytimes.com time to read: +2 min

said Tuesday that it would build a battery plant with a South Korean partner, Samsung SDI. is hoping for a surge in sales of electric vehicles this year on the back of those new models. “We feel good about the demand being robust for the electric vehicles we are producing,” he said. The company said it now expected net income for next year to be $8.4 billion to $9.9 billion. In the United States, sales of new vehicles rose about 7 percent in the first quarter, to 3.6 million vehicles.

☆ Chevrolet Bolt, GM’s first popular electric vehicle, ends production this year
▼ + stars: | 2023-04-25 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

CNN —The Chevrolet Bolt EV, General Motors first fully electric vehicle to be built and sold on a large scale, will go out of production by the end of this year. These new electric vehicles will be based GM’s new electric vehicle platform, Ultium, which is not used by the Bolt. The Bolt was, for a number of years, the best-selling electric vehicle in America that was not made by Tesla, although the gap was very wide. In all other respects, though, it was very similar to the Bolt EV, including the fact that it was available only with front-wheel-drive. To do that, GM engineers created a flexible electric vehicle architecture called Ultium that will be the basis of future GM vehicles.

☆ EV tax credits 2023: Which models are eligible for up to $7,500 in tax credits?
▼ + stars: | 2023-04-17 | by ( Ella Nilsen | ) edition.cnn.com time to read: +7 min

Under the new rule, consumers can get up to $7,500 back in tax credits on eligible cars. Which models are eligible for the new EV tax credit? Nine models, mostly from foreign brands including Hyundai and Nissan, do not qualify for the new tax credit. Under the new rule, consumers can get up to $7,500 in tax credits on eligible cars. Which countries can the materials come from under the new EV tax credit rule?

☆ GM Ditches Apple CarPlay on EVs as Fight for Your Car’s Screen Intensifies
▼ + stars: | 2023-04-16 | by ( Mike Colias | ) www.wsj.com time to read: 1 min

The 2024 Chevrolet Blazer EV, featured earlier this year at the Washington, D.C., auto show, will be equipped with GM’s new display-screen software. Apple Inc.’s CarPlay, the app that allows drivers to use their iPhones through the car’s display, has become a staple in millions of cars and trucks sold each year and a mission-critical feature for some buyers. Now, General Motors Co. is ditching the popular app on many of its new electric models, along with a similar one made by Alphabet Inc.’s Google for Android phones.

☆ US government’s proposal to boost EV sales is challenging but not impossible
▼ + stars: | 2023-04-12 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +6 min

By 2032, electric vehicles would need to make up about two-thirds of all the new cars sold in America. And even as EV market share rises to two-thirds, it’s not like EVs will flood America’s roads overnight, he said. Reaching two-thirds EV market share mark by 2032 isn’t a sure thing, said Cantor, but it should be manageable. The increasing number of automakers entering the EV market will also help, said Ivan Drury, an industry analyst with Edmunds.com. General Motors also has a number of EV models coming in the next year or two.

☆ General Motors will phase out Apple CarPlay and Android Auto in future EVs, opting to introduce its own Google-supported system
▼ + stars: | 2023-04-02 | by ( Aidan Pollard | ) www.businessinsider.com time to read: +2 min

Apple CarPlay and Android Auto will be phased out of future GM electric models. The manufacturer plans to replace CarPlay with its own Google-supported system. Instead of CarPlay, GM will offer its own Google-based software for drivers, including access to Google maps and Google Assistant. GM executives told Reuters the company intends to separate cars from cell phones by phasing out technology like CarPlay. Additionally, GM plans to implement a subscription model for services like Google Maps and Google Assistant several years down the line, Reuters reported.

☆ GM plans to phase out Apple CarPlay in EVs, with Google’s help
▼ + stars: | 2023-04-01 | by ( ) edition.cnn.com time to read: +3 min

Apple CarPlay and Android Auto systems allow users to mirror their smartphone screens in a vehicle’s dashboard display. GM is designing the on-board navigation and infotainment systems for future EVs in partnership with Alphabet’s Google. GM’s Chevrolet brand in the past boasted of offering more models with CarPlay or Android Auto than any other brand. GM plans to continue offering Apple CarPlay and Android Auto mirroring systems in its combustion models. Owners of vehicles equipped with the mirroring technologies will still be able to use the systems, GM said.

Apple CarPlay and Android Auto systems allow users to mirror their smartphone screens in a vehicle's dashboard display. GM is designing the on-board navigation and infotainment systems for future EVs in partnership with Alphabet Inc's (GOOGL.O) Google. GM's Chevrolet brand in the past boasted of offering more models with CarPlay or Android Auto than any other brand. GM said the future infotainment systems will offer applications such as Spotify's (SPOT.N) music service, Audible and other services that many drivers now access via smartphones. GM plans to continue offering Apple CarPlay and Android Auto mirroring systems in its combustion models.

☆ Don't expect price cuts on GM's $100,000 electric Hummer, despite EV discounts from Tesla and Ford
▼ + stars: | 2023-01-31 | by ( Alexa St. John | ) www.businessinsider.com time to read: +3 min

Tesla spurred an EV price war earlier this month, with price cuts to its most popular models. But GM said Tuesday it won’t make cuts to its electric vehicles. The automaker will not be responding to the latest price cuts from Tesla and Detroit-rival Ford by cutting prices for its own electric cars, chief financial officer Paul Jacobson said on a Tuesday media call ahead of GM's fourth quarter earnings call. Facing weakening demand, Tesla slashed the prices of some of its most popular models earlier this month. GM CEO Mary Barra said Tuesday she is confident the company is well-positioned with its current EV prices.

☆ General Motors doesn’t expect significant U.S. production of EVs until second half of year
▼ + stars: | 2023-01-31 | by ( Michael Wayland | ) www.cnbc.com time to read: +4 min

Barring any supply chain problems, Betts said electric vehicles should be easier and faster to build than traditional vehicles with internal combustion engines for an experienced automaker. Photo by Steve Fecht for General MotorsBut others such as Hyundai Motor and Ford Motor have been ratcheting up production of EVs. Industry leader Tesla also targets to produce 2 million electric vehicles globally this year. Ford, which ranked second in EV sales in the U.S. last year, expects to increase production of its electric Ford F-150 Lightning. GM expects to ramp-up production of the Bolt models, which use older battery technology, to 70,000 vehicles this year, GM has said.

☆ GM reveals 2024 Chevrolet Trax crossover with new tech and design — at a lower price
▼ + stars: | 2022-10-12 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

2024 Chevrolet Trax ACTIV GMDETROIT — General Motors on Wednesday revealed a new version of its Chevrolet Trax — the brand's entry-level crossover — with new technologies and a more aggressive design, and at a lower price than the current vehicle. 2024 Chevrolet Trax RS GMThe starting pricing of the 2024 Trax will be $21,495 for an LT trim, which is $1,400 less than the current model. The only Chevrolet vehicle less expensive than the Trax is the much smaller Spark hatchback, which starts at under $15,000. It will be produced at a GM plant in South Korea, where the current model is built. 2024 Chevrolet Trax RS GMThe 2024 Trax features styling that debuted on the midsize 2019 Chevrolet Blazer and reappeared on the Chevy Trailblazer, another compact crossover.

☆ We got an early look at the 557-horsepower Blazer EV SS: See Chevy's $66,000 answer to the Ford Mustang Mach-E
▼ + stars: | 2022-09-20 | by ( Tim Levin | ) www.businessinsider.com time to read: 1 min

The Blazer EV will be available in several trim levels, with three battery sizes on offer. The $66,000 SS is the top-of-the-line model with 290 miles of range, two motors, and all-wheel drive. The 2024 Chevrolet Blazer EV SS. Tim Levin/InsiderRead more: Chevrolet unveiled the $30,000 Equinox EV, a small, electric SUV with 250 miles of range

☆ GM to sell up to 175,000 electric vehicles to Hertz through 2027
▼ + stars: | 2022-09-20 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

General Motors has agreed to sell up to 175,000 electric vehicles to Hertz Global over the next five years, the companies announced Tuesday. The deal calls for GM to start supplying electric vehicles such as the Chevrolet Bolt EV and Bolt EUV to the rental car giant starting the first quarter of next year. GM is the latest automaker to strike such an agreement with Hertz following Tesla and Polestar, a Volvo-backed electric vehicle startup. Hertz has made increasing its fleet of electric vehicles a priority following its emergence from bankruptcy less than a year ago. Hertz aims to have a quarter of its fleet be electric by the end of 2024, while GM has announced plans to exclusively offer electric vehicles by 2035.

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