GM’s under-the-hood overhaul puts AI and automated driving at the center
The U.S. automaker’s technological overhaul will debut in two years with the Cadillac Escalade IQ.
The U.S. automaker’s technological overhaul will debut in two years with the Cadillac Escalade IQ.
A chaotic four-year program comes to an end after GM struggled to sell the electric vans at scale.
The company has seen EV deliveries increase for seven straight quarters, even though it’s still way off the ambitious goals it promoted when it went public in 2021.
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The change comes after employees and customers reportedly voiced concerns.
The company will likely sell fewer EVs this year than in both 2024 and 2023, making next year’s launch of the R2 SUV even more important.
The tax credit’s expiration on September 30 motivated buyers to take advantage of the $7,500 incentive, giving Tesla a shot to return to sales growth in 2025.
There were no injuries, but the building has been deemed unfit for occupation. Faraday’s landlord is currently trying to find a new tenant as the EV startup’s lease is expiring.
The company’s regulatory policy team is trying to clean up a mess that CEO Elon Musk spent $300 million to help create.
The round was co-led by designer Yves Béhar and Tesla co-founder Marc Tarpenning, who helped get Telo off the ground in 2022.