Nov 15, 2019

GM backs out of CES splash

The last time Barra spoke at CES was in 2016, when she introduced the Chevrolet Bolt. (Photo by Andrej Sokolow/picture alliance via Getty Images)

General Motors CEO Mary Barra has backed out of a planned keynote speech at CES, missing out on what was likely to be a splashy debut of GM's latest innovations on the tech industry's biggest stage.

Why it matters: Barra had been expected to show off at least one prototype of an upcoming barrage of electric vehicles. But because of a six-week strike this fall by UAW autoworkers, the show cars couldn't be produced in time.

  • “There was a plan for GM to have a presence at CES 2020, but plans changed and while we will still support the event, our overall involvement has been reduced from our original plans," GM said in a statement.

What to watch: A spokesperson says GM's plan to introduce 20 electric models between now and 2023 remains on track, with details to be revealed soon.

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Toyota executive warns of "electrified armageddon" for auto industry

GM plans 20 new electric vehicles by 2023, including many Cadillac models. Photo: GM

While General Motors was announcing plans Thursday for a huge $2.3 billion battery factory to boost production of electric vehicles, a Toyota executive warned of a looming industry disaster, calling it "electrified armageddon."

Why it matters: Somebody is wrong. Either GM's heavy spending on battery-electric vehicles will be wasted, or Toyota will be caught flat-footed when the rest of the market goes electric.

Go deeperArrowDec 6, 2019

GM to create 1,100 Ohio jobs with huge new battery factory

GM and Korea's LG Chem announced a $2.3 billion joint venture on Thursday to mass-produce battery cells for electric vehicles in Ohio, creating 1,100 new jobs.

Why it matters: The new battery plant could likely employ many of the 1,200 auto workers who lost their jobs when GM shut its Lordstown car assembly plant in March. And it's a further sign of GM's commitment to an electric car future.

Go deeperArrowDec 5, 2019

General Motors sues Fiat Chrysler alleging union bribes

General Motors' world headquarters. Photo: Paul Hennessy/SOPA Images/LightRocket via Getty Images

General Motors filed a lawsuit on Wednesday against Fiat Chrysler Automobiles, alleging its competitor was involved in racketeering by paying millions of dollars in bribes to corrupt the bargaining process with the United Auto Workers union, likely costing GM billions of dollars.

The big picture: The suit, filed in U.S. District Court in Detroit, aligns with the ongoing federal probe into corruption among some of UAW's top people and FCA's involvement. GM's accusation also comes as FCA and UAW are negotiating a contract fresh off a six-week strike at GM. Meanwhile, FCA is working on a planned merger with French automaker PSA.

Go deeperArrowNov 20, 2019