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China’s largest carmaker to cut thousands of jobs at its joint ventures with GM and Volkswagen

VW ID.3 price China

Amid an intense price war and lost market share to BYD and Tesla, China’s state-owned automaker SAIC Motor is reportedly making drastic job cuts this year at its joint ventures with General Motors and Volkswagen and at its EV unit – with mass layoffs a rare move for a China-owned company.

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GM’s epically bad year still earned it $10 billion – but that’s not due to EV sales

GM-incentive-EVs

Despite a truly terrible year for GM that involved plants being shut down for weeks due to a union strike, Bolt battery recalls, EV production problems, and the nightmare that keeps on giving that is Cruise, General Motors says it should tally up nearly $10 billion for 2023 – but we certainly don’t owe that to stellar EV sales.

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Cadillac Celestiq will buy you a whole lot of opulence for $340K – take a look

Lovers of sleek, luxurious, and insanely expensive cars, you’ve now got an American-made EV equivalent in the form of Cadillac Celestiq. General Motors just announced that it has finally started production at its factory in Michigan, but only in very limited numbers, of course. Here’s what that eye-watering starting price of $340,000 will buy you.

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More Cruise fallout: GM sues San Francisco for $121 million

Cruise Houston

The fallout from robotaxi company Cruise continues, as now General Motors has just filed a lawsuit against San Francisco for $121 million in what it calls unfair taxes and penalties since it acquired Cruise. GM argues that San Francisco charged the company an inflated tax rate because it factored in its Cruise self-driving car division, which GM says is a separate entity.

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