After a traffic block and accident in San Francisco, California suspended operations of Cruise robotaxis. Now, parent company GM is scaling back.
The deal follows the pattern set with Ford last week and Jeep maker Stellantis over the weekend.
Investors — and the union — will be scrutinizing the numbers for clues about how the extended work stoppage is affecting the companies.
While EV trucks and SUVs are better for the environment than their gas-guzzling counterparts, they come with other problems.
The automaker's CEO says it won't invest in hybrids, but instead focus on batteries, a new vehicle platform and charging infrastructure.
Higher borrowing costs are one factor holding back the manufacturing sector.
Analysts say rightsizing is part of a bigger shift playing out in the auto industry.
New vehicle inventory is up an estimated 62% from last year as some supply roadblocks clear. But higher prices may stick.
GM is launching an electric version of its Chevy Equinox SUV with a price tag that starts around $30,000. It's hoping to reach a broader market.
GM plans to buy back $5 billion worth of its own stock. Why do critics love to hate this corporate maneuver?