DETROIT — General Motors stock fell more than 10% in midday trading Tuesday even as the company beat Wall Street’s top- and bottom-line expectations for the fourth quarter, while forecasting continued strong results for 2025. Concerns of Wall Street analysts on the company’s quarterly earnings call focused on the automaker’s preparation for changes under the Trump […]
Since General Motors acquired the San Francisco self-driving-tech developer Cruise in 2016, the Detroit automaker has poured more than $8 billion into creating a robotaxi service. Now GM is turning off the spigot. On a call with investors today, General Motors CEO Mary Barra said the company would no longer invest in Cruise and its […]
Nov 22, 2024, 03:32 AM ET With a restructuring at Andretti Global that pushed Michael Andretti into a smaller role, the chances of his organisation landing a Formula 1 team have substantially increased. So much so that F1 and Formula 1 Management could have a decision to grant the General Motors-backed entry a spot as […]
