General Motors has sued the city of San Francisco, seeking to recover more than $100 million, alleging that it was charged a higher tax bill than warranted because its Cruise self-driving car unit was improperly used to make the calculations.In the case filed in California Superior Court in San Francisco, GM is seeking $108 million in back taxes over the course of seven years, as well as $13 million in penalties and interest, according to the complaint. The Detroit automaker said San Francisco-based Cruise ...

General Motors is suing San Francisco claiming it has been unfairly taxed $108 million over seven years despite having no employees or physical presence in the city. ...

General Motors announced Friday that it’s temporarily pausing sales of its new Chevrolet Blazer EV to address a software problem affecting some vehicles. GM began accepting requests for the 2024 Chevrolet Blazer electric SUV in September and the Blazer is expected to play a key role in the company’s EV push to be all-electric by 2035. The Blazer uses GM’s Ultium battery platform, which is designed for use in many of the company’s EVs."We are aware that a limited number of Blazer EV owners have experienced s ...

General Motors has temporarily halted sales of the brand new Chevy Blazer EV after some of the first vehicles shipped encountered a number of software problems.The automaker says it is “working quickly to roll out a fix, and owners will be contacted with further information on how to schedule their update.” It didn’t offer a time frame for the stop-sale order, though it claims a “limited number” of vehicles are affected.The Blazer EV only just had its official launch a few weeks ago, but pretty quickly, two ...

General Motors Company (NYSE:GM) 2023 Barclays Global Automotive and Mobility Tech Conference Call November 30, 2023 8:40 AM ET Company Participants Paul Jacobson - Chief Financial Officer Ashish Kohli - Head, Investor Relations Mel McKerracher - Head, Financial Planning and Analysis Conference Call Participants Dan Levy - Barclays Andrew Keches - Barclays Dan Levy The Barclays Global Automotive Mobility Tech Conference. Very pleased to have with us GM, a lot of news. A lot of interesting things going on he ...

General Motors Company (NYSE:GM) Business Update Conference Call November 29, 2023 8:00 AM ET Company Participants Ashish Kohli - Vice President of Investor Relations Mary Barra - Chair and Chief Executive Officer Paul Jacobson - Executive Vice President and Chief Financial Officer Conference Call Participants Rod Lache - Wolfe Research Itay Michaeli - Citi Ryan Brinkman with - JP Morgan John Murphy - Bank of America Emmanuel Rosner - Deutsche Bank Adam Jonas - Morgan Stanley Tom Narayan - RBC Mark Delaney ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-34960 GENERAL MOTORS COMPANY (Exact name of registrant as specified in its charter) Delaware 27-0756180 (State or other jurisdiction of ( ...

General Motors Company (NYSE:GM) Q3 2023 Earnings Conference Call October 24, 2023 8:30 AM ET Company Participants Ashish Kohli - Vice President of Investor Relations Mary Barra - Chair and Chief Executive Officer Paul Jacobson - Executive Vice President and Chief Financial Officer Dan Berce - President and Chief Executive Officer of GM Financial Conference Call Participants Rod Lache - Wolfe Research Itay Michaeli - Citi Joseph Spak - UBS John Murphy - Bank of America Emmanuel Rosner - Deutsche Bank Adam J ...

Chevrolet Silverado EV Trail Boss Delivering Strong Results and Advancing Our Growth Plan Q3 2023 Earnings Table of Contents Page 04 Q3 Highlights ICE Portfolio Optimization ...

Summary of General Motors Company (NYSE: GM) Conference Call Company and Industry Overview - **Company**: General Motors Company (GM) and its subsidiary Cruise - **Industry**: Autonomous Vehicles (AV) and Ride-Hailing Services Key Points and Arguments 1. Cruise's Operational Expansion - Cruise cars are now operating 24/7 in San Francisco, expanding from evening-only operations, and also in Phoenix, Austin, Dallas, and Houston, indicating significant progress over the past year [3][4] 2. Leadership Position in AV Market - Cruise is the largest in fleet size and is scaling quickly, with a strong economic outlook. The demand for autonomous vehicles is described as "off the charts," with customers preferring the product over traditional options due to safety, comfort, and cost structure [4][11] 3. Customer Experience and Feedback - The Cruise fleet is driving over a million miles a month, with tens of thousands of residents in San Francisco having tried the service. The company has received over 100,000 five-star reviews, indicating strong customer satisfaction and retention rates comparable to established ride-hailing services like Uber and Lyft [6][7] 4. Safety Performance - Cruise's AVs have shown a 75% reduction in severe collisions compared to human drivers, with 91% of incidents being attributed to human error. This data supports the argument for the safety benefits of AVs [11][14][15] 5. Expansion Strategy - The strategy involves starting in complex urban environments like San Francisco to refine technology before scaling to other markets. The technology has proven adaptable to new cities with minor adjustments [17][19] 6. Introduction of the Cruise Origin - The Cruise Origin, a new vehicle designed specifically for ride-hailing without a steering wheel, is expected to be more cost-efficient than the current Chevy Bolt fleet. The vehicle is designed for high utilization and longevity, potentially lasting up to a million miles [20][25][23] 7. Cost Structure and Profitability - The goal is to achieve a cost per mile of $1, which would make AVs competitive with traditional car ownership costs. The introduction of the Origin and future hardware developments are expected to facilitate this target by 2025 [29][30] 8. Revenue Projections - Cruise aims for $1 billion in revenue by 2025, supported by a significant increase in operational scale and fleet size. The company has increased its operational miles and fleet size over 10x since the previous year [31][32] 9. Regulatory Environment - Cruise has received necessary permits to operate commercially in San Francisco and is working on regulatory approvals for the Origin. The regulatory landscape varies by state, with some states being more accommodating than others [52][53] 10. International Expansion - Cruise is testing AV technology in international markets, including Japan and Dubai, to ensure adaptability and prepare for future commercialization. The focus remains on scaling operations in the U.S. before expanding internationally [55][56] 11. Cost Comparison with Traditional Services - Current costs for ride-hailing in San Francisco are around $3 to $4 per mile, with a significant portion going to human drivers. The elimination of driver costs presents a substantial opportunity for Cruise to lower prices and enhance competitiveness [58][59] Additional Important Insights - The collaboration between GM, Honda, and Cruise is highlighted as a unique advantage in developing the Origin vehicle, showcasing the integration of different expertise [39][40] - The company is open to future partnerships for fleet management and infrastructure, aiming to keep operations capital-light [37][34] This summary encapsulates the key insights from the conference call, focusing on the strategic direction, operational achievements, and future outlook for GM and Cruise in the autonomous vehicle market.