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GMSA at 9 a.m.

The KSAT 12 News Team provides a look at local, regional, statewide and national news events and the latest information on local traffic and weather issues.

A special weather statement in effect for 25 regions in the area

See the complete list

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GMSA at 9 a.m.

A special weather statement in effect for 25 regions in the area

GENERAL MOTORS


Watch Chevrolet Camaro's five-decade evolution in 45 seconds, GM to retire classic car

General Motors closes a chapter in muscle cars, as the sixth-generation Chevrolet Camaros will come off the assembly line in January 2024.

news.yahoo.com

GM will stop making the Chevy Camaro, but a successor may be in works

The Chevrolet Camaro, for decades the dream car of many teenage American males, is going out of production early next year. But General Motors says another generation may be in the works.

npr.org

Chevy to retire iconic Camaro muscle car

The automaker plans to stop producing the iconic muscle car in January 2024.

washingtonpost.com

GM to stop making the Camaro but a successor may be in works

The Chevrolet Camaro has for decades been the dream car of many teenage American males.

GM to stop making the Camaro but a successor may be in works

The Chevrolet Camaro, for decades the dream car of many teenage American males, is going out of production. General Motors, which sells the brawny muscle car, said Wednesday it will stop making the current generation early next year. The future of the car, which is raced on NASCAR and other circuits, is a bit murky.

news.yahoo.com

Cruise wants to test self-driving vehicles across California

General Motorsโ€™ Cruise autonomous vehicle unit has asked California for permission to test the cars across the entire state.

GMC, Buick dropping $1,500 mandatory OnStar subscription from most models

GMC and Buick are dropping a mandatory $1,500 OnStar subscription from most models for 2024. It has been a required purchase since last June.

foxnews.com

General Motors offering buyouts in an effort to cut $2 billion in costs measure

The Detroit automaker says the buyouts will be offered to most U.S. salaried workers and some global executives.

npr.org

GM offers buyouts to most of its U.S. workers amid shift to electric vehicles

Some salaried employees who have been with the automaker for as little as two years will receive a buyout offer.

cbsnews.com

GM offers buyouts to most US salaried workers to trim costs

General Motors is offering buyouts to most of its U.S. salaried workforce and some global executives in an effort to trim costs as it makes the transition to electric vehicles. The Detroit automaker wouldn't say how many workers it is targeting, but confirmed that the move is aimed at accelerating attrition to meet a previously announced goal of $2 billion in cost cuts by the end of next year. GM has about 58,000 salaried workers in the U.S.

news.yahoo.com

GM making some performance-related job cuts

GM making some performance-related job cuts

news.yahoo.com

General Motors expects to lay off 500 salaried employees

GM follows other major companies, including competitors, in downsizing headcounts to preserve cash and boost profits.

cnbc.com

Ford warned F-150 Lightning owners about separate EV battery issue before this month's fire

Some Ford F-150 Lightning owners are being asked to have their vehicles serviced to "prevent performance degradation" of the high-voltage battery.

cnbc.com

Bring on the Boring EVs

The next step towards electric cars just becoming cars is playing out on your TV screen.

theatlantic.com

Tesla commits to open 7,500 chargers in the U.S. to other electric vehicles by end of 2024

The Biden administration announced rules and commitments to expand EV charging stations, including cooperation from Tesla, Ford, GM, ChargePoint, and others.

cnbc.com

GM says it won't build a Ford Bronco or Jeep Wrangler rival, at least not with gas

General Motors president Mark Reuss said the company has no plans to build a gasoline-powered rival to the Ford Bronco or Jeep Wrangler off-road SUVs.

foxnews.com

Traffic report: Kia's Binky Dad won the Super Bowl car commercial game

Kia's "Binky Dad" Super Bowl commercial generated the most interest in its vehicles on Cars.com among the four automakers that advertised during the game.

foxnews.com

Here's a sneak peek at this year's Super Bowl commercials

Among the celebrities making an appearance in Super Bowl LVII ads are Adam Driver, Will Ferrell and Serena Williams.

cbsnews.com

Why you won't see many car ads during Sunday's Super Bowl

The only automakers expected to advertise during Sunday's game between the Eagles and Chiefs on Fox are GM, Kia and Stellantis' Ram and Jeep brands.

cnbc.com

Here's a sneak peek at some of this year's Super Bowl ads

Among the celebs making an appearance in Super Bowl LVII ads are Adam Driver, Will Ferrell and Serena Williams.

cbsnews.com

General Motors signs deal with GlobalFoundries for exclusive U.S. semiconductor production

GM has signed a long-term agreement with GlobalFoundries to establish exclusive production capacity of U.S.-produced semiconductor chips.

cnbc.com

Here's a sneak peek at some of this year's Super Bowl ads

Among the celebs making an appearance in Super Bowl LVII ads are Tony Romo, Adam Driver and Serena Williams.

cbsnews.com

Tesla hikes price of Model Y after US alters tax credit rule

Tesla has raised prices on its Model Y in the U.S., apparently due to rising demand and changes in U.S. government rules that make more versions of the small SUV eligible for tax credits.

Tesla's Model Y and other EVs will now qualify for $7,500 tax credit, IRS says

Government's new classification of cars that qualify for the generous tax credit is a win for Tesla and other automakers.

cbsnews.com

Treasury makes more electric SUVs eligible for tax credits

The Treasury Department said Friday it is making more electric vehicles โ€” including SUVs made by Tesla, Ford and General Motors โ€” eligible for tax credits of up to $7,500 under new vehicle classification definitions.

Biden administration expands EV tax credits in boost for Tesla, Cadillac, others

The EV tax credit change follows Tesla CEO Elon Musk publicly criticizing the former standards as well as GM and Ford lobbying to adjust the guidelines.

cnbc.com

General Motors doesnโ€™t expect significant U.S. production of EVs until second half of year

General Motors executives blamed U.S. battery cell plants for the company's slow rollout of EVs.

cnbc.com

The 'land grab' for lithium is just getting started with GM deal, says EV materials expert

As automakers scale up their electric vehicle production, they will also have to compete to control access to minerals critical for production, like lithium.

cnbc.com

Stocks making the biggest moves midday: GM, McDonald's, UPS, Pulte, International Paper and more

These are the stocks posting the biggest moves during midday trading.

cnbc.com

GM to invest $650 million in a lithium company to support its electric vehicle business

GM to invest $650 million in the lithium company Lithium Americas to support its EV business, which CEOย Mary Barra says will have "a breakout year" in 2023.

cnbc.com

Stocks making the biggest moves premarket: McDonald's, UPS, General Motors and more

These are the stocks posting the largest moves before the bell.

cnbc.com

General Motors is set to report earnings before the bell. Here's what Wall Street expects

The auto industry's earnings and forecasts are being closely watched by Wall Street for any signs of weakening consumer demand.

cnbc.com

Ford and General Motors enter a new phase of uncertainty on prices and demand

Ford and General Motors are set to report earnings this week.

cnbc.com

The 'incredible' Tesla Cybertruck might go on sale this summer, but not too many of them

Tesla is installing the machinery needed to build the Cybertruck pickup and expects to begin low volume production sometime this summer in Texas.

foxnews.com

Ford CEO Farley makes professional racing debut at Daytona

Tucked in the back corner of an outpost paddock at Daytona International Speedway stood the chief executive of Ford, leaning against a cart having a casual conversation with the heads of The Wood Brothers Racing team. Jim Farley was wearing a firesuit and hardly looked the CEO part. The 60-year-old made his professional racing debut with a 12th-place finish in the IMSA VP Racing SportsCar Challenge at Daytona.

news.yahoo.com

GM, LG end plans for fourth U.S. battery cell plant as automaker seeks new partner

GM is expected to continue with its plans to build the plant but is searching for another partner, according to a person familiar with the decision.

cnbc.com

GM to spend more than $500M at Flint engine plant

General Motors says it will spend $900 million to update four factories, with the bulk going to an engine plant in Flint, Michigan, to build the next-generation V8 for trucks and SUVs (Jan. 20)(AP video: Mike Householder)

news.yahoo.com

GM to invest $918 million in new V-8 gas engines and EV components

About $579 million will go toward GM's sixth-generation family of small-block V-8 gas engines that are used in highly profitable vehicles.

cnbc.com

GM to sink over $900M into 4 plants, Flint to get new engine

General Motors says it will spend more than $900 million to update four factories, with the bulk going to an engine plant in Flint, Michigan, to build the next-generation V8 for big pickup trucks and SUVs.

GM might build a tiny electric truck

General Motors has designed a subcompact two-door electric pickup that it's considering putting on sale and has started doing market research on the idea.

foxnews.com

Why GM's new Chevy Corvette is a hybrid and not an all-electric car

The Chevy Corvette E-Ray โ€“ starting at about $104,000 โ€“ may surprise some consumers, as it's a step toward full electrification but a unicorn in GM's lineup.

cnbc.com

A Rundown of the Best New Outdoorsy Vehicles Coming in 2023

From electric off-roaders to heavy-duty trucks for towing trailers

outsideonline.com

Fastest Corvette ever is all-wheel-drive gas-electric hybrid

The fastest Corvette ever made comes out later this year, and itโ€™s not powered soley by a howling V8.

GM reveals new Chevy Corvette E-Ray hybrid sports car, starting at over $104,000

The 2024 Chevrolet Corvette E-Ray hybrid will be the quickest production version ever of the American sports car.

cnbc.com

Andretti joins forces with General Motors for Cadillac Formula 1 entry bid

The new team would require F1 and FIA agreement and would not be possible until 2026, Sky Sports reports.

cnbc.com

Andretti partners with General Motors for Cadillac F1 bid

General Motors will attempt to enter Formula One by partnering with Andretti Global under its Cadillac banner as it supports Michael Andrettiโ€™s bid to launch a two-car American team.

Ford pickup truck sales in December help narrow overall sales decline

Ford reported sales of more than 1.9 million vehicles in 2022, including an increase of 3.2% during the final month of the year.

cnbc.com

GM reclaims title as America's top automaker after a 2.5% jump in sales last year

GM said Wednesday it sold 2.27 million vehicles in the U.S. in 2022, up by 2.5% for the year.

cnbc.com

Tesla reports record 1.3 million deliveries for 2022

However, Elon Musk's electric car maker missed Wall Street forecasts for the last three months of the year.

bbc.co.uk

2022 was a big year for EV battery plants in the U.S. How big? $73 billion big

As the auto industry goes electric, there have been so many massive battery projects announced that it can be hard to keep track of them all. So we added them up for you.

npr.org

Tesla, GM, Ford questioned by U.S. senator about Chinese supply chains and connections to forced labor

Senator Wyden wants automakers to account for their ties to a region in China where the U.S. is concerned about the use of forced labor.

cnbc.com

I drove hundreds of miles 'hands-free' in GM, Ford and Tesla cars โ€“ here's how it went

CNBC's Michael Wayland recently tested "hands-free" systems from Tesla, GM and Ford. Theirs are among the most readily available and dynamic on the market.

cnbc.com

GM recalling Bolt EVs: Faulty seat belts could cause fires

In rare cases, exhaust gases from a seat belt part can come in contact with carpet fibers, potentially causing a fire.

cbsnews.com

U.S. safety regulators investigating GM's Cruise self-driving car system

U.S. automotive safety officials have opened a formal probe into the autonomous driving system used by General Motors' self-driving vehicle unit Cruise.

cnbc.com

Electric Ford F-150 Lightning named MotorTrend's truck of the year

The prestigious title and accompanying "Golden Caliper" award are highly sought by automakers globally every year.

cnbc.com

GM, Stellantis rank as worst automakers for fuel efficiency, even amid EV push, EPA says

Both automakers decreased their fuel economy and increased C02 emissions since the 2016 model-year, as did Hyundai Motor, Mazda and Volkswagen.

cnbc.com

GM joint venture gets $2.5B loan to build battery plants

A joint venture between General Motors and South Korean battery company LG Energy Solution has closed on a $2.5 billion federal loan to help finance three lithium-ion battery cell plants in Ohio, Tennessee, and Michigan.

Workers at GM joint venture battery plant vote to join UAW

Workers at a General Motors joint venture electric vehicle battery factory in Ohio have voted to join the United Auto Workers union.

GM battery plant workers vote to unionize, a key win for labor as industry shifts to EVs

The vote was being closely watched as such battery plants are viewed as crucial for automakers to transition to all-electric cars and trucks.

cnbc.com

Reformers take 6 of 14 UAW board seats, could win majority

Reform-minded candidates won several races as members of the United Auto Workers union voted on their leaders in an election stemming from a bribery and embezzlement scandal involving former union officials.

GM CEO Barra says electric vehicles to be profitable by 2025

General Motors expects its portfolio of electric vehicles to turn a profit in North America by 2025.

GM sidesteps economic headwinds; Q3 profit jumps nearly 37%

General Motorsโ€™ third-quarter net profit rose 36.6% as vehicle sales began to rebound from persistent parts supply chain troubles.

BMW investing $1.7B in S Carolina as automaker shifts to EVs

BMW will invest $1 billion in its sprawling factory near Spartanburg, South Carolina, to start producing electric vehicles and an additional $700 million to build a electric-battery plant nearby.

General Motors broadens electric goals with new division

General Motors is creating a new energy division that will include chargers for electric vehicles, solar panels and other energy-related products and services.

US auto sales to fall a bit in 3Q, even with September gains

New vehicle sales in the U.S. are expected to have fallen slightly in the third quarter, even with improvement in September.

Parts shortage forces Ford to cut its 3Q earnings forecast

A parts shortage that has thousands of Fordโ€™s most-profitable vehicles sitting on lots waiting to be fully assembled has forced the automaker to slash its third-quarter earnings forecast.

A less-glitzy Detroit auto show returns after 3-year absence

When it came time to showcase its electric Chevrolet Equinox SUV to the public this year, General Motors decided against doing so at the big Detroit auto show, as it typically would have done in the past.

GM's Cruise robotaxi service to expand into Phoenix, Austin

General Motorsโ€™ self-driving car company has announced plans to expand a robotaxi service into new markets in Arizona and Texas before the end of this year.

Cheaper electric vehicles coming despite high battery costs

Auto companies are rolling out more affordable electric vehicles that should widen their appeal to a larger group of buyers.

EXPLAINER: California EV requirements face some obstacles

California will require all new cars, trucks and SUVs sold in the state to run on electricity or hydrogen by 2035.

Tech stocks lead Wall Street lower, breaking winning streak

Technology stocks led Wall Street lower, leaving major indexes in the red for the week.

Senate deal should make it easier to buy electric vehicles

The surprise deal by Senate Democrats on a pared-down bill to support families, boost infrastructure and fight climate change is likely to jump-start sales of electric vehicles.

UAW rescinds strike pay increase at annual convention

Members of the United Auto Workers union have rescinded an increase in strike pay that had been approved earlier in their annual convention.

Asian stocks follow Wall St lower before likely US rate hike

Asian stock markets have followed Wall Street lower as traders prepare for a possible sharp interest rate hike by the Federal Reserve to cool inflation.

Energy Dept. backs $2.5B loan to GM venture for EV batteries

A joint venture between General Motors and South Korean battery company LG Energy Solution is set to receive a $2.5 billion loan from the Energy Department to build battery cell factories for electric vehicles in three states.

Hobbled by chip, other shortages, GM profit slides 40% in Q2

General Motorsโ€™ second-quarter net income fell 40% from a year ago as computer chip and parts shortages hobbled factory output and caused the companyโ€™s U.S. sales to fall more than 15%.

Asian stocks follow Wall Street ahead of likely US rate hike

Asian stock markets have followed Wall Street lower as traders prepared for a possible sharp interest rate hike from the Federal Reserve to cool inflation.

To preserve jobs, UAW head says battery plants must be union

If the United Auto Workers union canโ€™t organize workers at new electric-vehicle battery factories that will supply Detroitโ€™s three automakers, the unionโ€™s future would be in serious doubt.

Automakers targeting average households with new crop of EVs

In their first rollouts of electric vehicles, Americaโ€™s automakers targeted people who value short-range economy cars.

GM CEO Barra says headquarters to stay in downtown Detroit

General Motors will keep its headquarters in its seven-building office tower complex in downtown Detroit, its CEO says.

The AP Interview: GM's Barra talks electric vehicles, future

The economy is a bit wobbly, but General Motors CEO Mary Barra isnโ€™t backing off of an audacious prediction: She pledges that by the middle of this decade, her company will sell more electric vehicles in the U.S. than Tesla, the global sales leader.

Chip shortage keeps driving up auto prices, cutting sales

The global semiconductor shortage is still vexing the auto industry.

Chip shortage leaves 95K GM vehicles incomplete in storage

The global shortage of computer chips forced General Motors to build 95,000 vehicles without certain components during the second quarter.

California regulators approve state's 1st robotic taxi fleet

California regulators have given a robotic taxi service the green light to begin charging passengers for driverless rides in San Francisco.

GM's $2.94B 1Q profit tops Street views, but revenue misses

General Motorsโ€™ net income declined in the first quarter, as the automaker sold fewer cars and trucks worldwide, though higher prices helped boost revenue, especially in North America.

US agency opens probe into electric vehicle batteries

U.S. safety regulators have opened an investigation into electric and hybrid vehicle batteries after five automakers issued recalls for defects that can cause fires or stalling.

U.S. auto sales fall in Q1 as chip shortage slows factories

U.S. new-vehicle sales fell about 12% in the first quarter compared with a year ago, as the global computer chip shortage continued to slow factories amid high consumer demand.

General Motors recalls 740K SUVs; headlights are too bright

General Motors is recalling more than 740,000 small SUVs in the U.S. because the headlight beams can be too bright and cause glare for oncoming drivers.

GM loses bid to skip recall for lights that are too bright

General Motors has lost a bid to avoid recalling about 727,000 small SUVs in the U.S. with headlight beams that can be too bright and cause glare for oncoming drivers.

GM says Cruise robo-car unit will be helmed by founder Vogt

General Motors says Kyle Vogt will take over as CEO of its Cruise autonomous vehicle subsidiary, which he helped found in 2013.

Super Bowl ads go heavy on nostalgia and star power

On the field, the Los Angeles Rams are facing off against the Cincinnati Bengals in Super Bowl 56.

Auto workers vote for independent union at Mexico GM plant

Workers at a General Motors assembly plant in northern Mexico have voted for a new independent union to represent them after casting off a collective bargaining agreement negotiated by an old guard union last year.

Record sales prices drive GM profit up 56% to $10B last year

Vehicles were scarce due to a global shortage of computer chips, but that drove prices up and helped General Motors increase its net income 56% last year.

General Motors to add 8,000 technical workers this year

General Motors says it wants to add more than 8,000 technical workers this year.

GM to spend nearly $7B on EV, battery plants in Michigan

General Motors is making the largest investment in company history in its home state of Michigan, announcing plans to spend nearly $7 billion to convert a factory to make electric pickup trucks and to build a new battery cell plant.

GM to spend $6.5B, add 4,000 jobs at Michigan EV factories

General Motors is poised to announce next week major electric vehicle investments in Michigan.

New GM electric truck faces competition and skeptical buyers

Even though the consumer appetite for electric pickup trucks is a bit murky, the competition for buyers just got a whole lot tougher.

New auto sales up in 2021, but long way before full recovery

U.S. new vehicle sales rebounded slightly last year from 2020โ€ฒs dismal numbers, but were still about 2 million below the years before the coronavirus pandemic.

GM CEO says making ventilators changed the company culture

The CEO of General Motors says the automaker learned valuable lessons last year when it stepped in to boost emergency production of ventilators to treat severely ill COVID-19 patients.

GM reaches supply deals for electric vehicle motor magnets

General Motors has taken two more steps to make sure it has the raw materials for the transition from petroleum to battery power, this time involving magnets for electric vehicle motors.

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