General Motors

GM also plans to purchase the remaining shares of Cruise and restructure the operations to save an estimated $1 billion per annum.

Vogt's roles will be taken up by previous Cruise VP of Engineering Mo Elshenawy, who will now take on the role of President and CTO of Cruise.

GM confirmed that the delay will help the company 'better manage capital investments.'

It's the first all-electric version of the luxury Escalade line.

GM CFO Paul Jacobson said that despite achieving the goal, supply issues have made the company's EV business challenging.

This marks the second major car manufacturer with which Tesla has cut a major deal of this nature following Ford in May.

The Bolt is getting zapped as its battery cells are older than what's seen in other electric vehicles from GM like the Cadillac Lyriq.

GM and Samsung will invest over $3 billion in a new battery cell manufacturing plant.

GM has surpassed Ford to become the second best-selling EV manufacturer in the United States.

General Motors is exploring ways to incorporate ChatGPT in its vehicles.