GM thanks Trump for the big hit it expects to take
General Motors CEO Mary Anne Barr said the company was “in a period of waiting for a bit more clarity” on US President Donald Trump’s tariffs on imports of cars from Canada and Mexico. Barr added, “That’s a question we’ll have to answer soon.” Earlier, Stellantis, the parent company of Jeep, Dodge, and Ram, also scrapped its outlook for the year.
General GM has been cutting funding to its cruise program
General Motors has announced that it will work with Cruise, its self-driving car unit, to restructure the company. GM said Cruise’s 2,300 employees will stay in its San Francisco office. GM added that it will focus on developing Super Cruise partially automated driver assist system as well as selling “level 4” vehicles to car buyers.
GeneralMotors reduces funding to its cruise plan
General Motors has said it will no longer fund its Cruise robotaxi service and has decided to focus on developing self-driving vehicles for personally owned cars. Cruise will be combined with GM’s internal teams working on advanced driver assist systems, like Super Cruise, as well as the project to develop self-drive vehicles for personal use. GM owns 90% of Cruise.
GM made a big bet on self-driving cars
General Motors CEO Mary Barra has announced that she will step down from her role as the chairwoman of its self-driving car unit, Cruise Automation, and will be replaced by the company’s General Counsel Craig Glidden. Barra had joined Cruise as the CEO in 2017. Earlier this year, the US National Transportation Safety Board had launched an investigation into Cruise’s safety practices.
The UAW and Ford reached a tentative agreement to end the strike
The US Auto Workers (UAW) on Friday reached a tentative deal to end its strike with General Motors. The deal will bring about 20,000 workers back to work, including in Chicago, Kentucky, Michigan and Chicago. The UAW has been on strike for over a week against GM and Ford. The UAW will now negotiate with both carmakers for a new deal.
Canadian autoworkers and General Motors have a tentative contract
About 4,300 workers at two General Motors (GM) factories and a parts warehouse are returning to work on Tuesday afternoon and will vote on a three-year deal later in the day. The Unifor union said that the deal includes payraises of 20% for production workers and 25% for skilled trades. Meanwhile, Ford called the strike expansion reckless and said it wasn’t surprising.