Latest News Updates From David Welch

Business, Technology, Logistics

GM to Beat Profit Targets as Truck Plants Ramp Up

General Motors Co. will boost output at two truck plants, allowing the company to beat its first-half forecast of $5.5 billion in profit and to hit the high end of its full-year target of around $11 billion.

June 3, 2021
Business, Fuel

GM to Build Electric Pickup at Detroit Plant

General Motors Co. is about to enter the electric-pickup battle, announcing April 6 that it will build a battery-powered Chevrolet Silverado model at its Detroit-Hamtramck plant.

April 6, 2021
Business, Technology, Fuel

EV Maker Lordstown Dips on SEC Look at Short-Seller Claims

Electric-truck startup Lordstown Motors Corp. fell in extended trading after reporting it received an inquiry on its operations from the Securities and Exchange Commission.

March 18, 2021
Business, Technology, Fuel, Autonomous

Electric Last Mile Gets 45,000 Van Orders Amid E-Commerce Boom

Electric Last Mile Inc., the plug-in delivery van startup that鈥檚 in the process of merging with blank check company Forum Merger III Corp., said it has 45,000 preorders and will start production at the former Hummer plant in Indiana in the third quarter.

March 16, 2021
Business, Technology, Fuel, Autonomous

GM-Backed Cruise Buys Self-Driving Startup Voyage

Cruise, the self-driving technology company that鈥檚 majority-owned by General Motors Co., said it acquired autonomous-vehicle startup Voyage, which operates a service in retirement communities.

March 15, 2021
Business, Technology, Fuel

Lordstown Motors Sinks as Firm That Targeted Nikola Takes Aim

Lordstown Motors Corp. plunged the most in five months after the short-seller whose attack on Nikola Corp. led to its founder鈥檚 departure turned its sights on the electric truck startup.

March 12, 2021
Business, Technology, Autonomous

Lidar Startup AEye Goes Public in $2 Billion SPAC Deal

AEye Inc., a startup that makes lidar systems for self-driving vehicles, is going public by merging with blank-check company CF Finance Acquisition Corp. III in a deal valued at $2 billion.

February 17, 2021
Business, Technology, Fuel

GM鈥檚 Mary Barra Boosts Stock as Tech Story Gains Credibility

All General Motors Co. CEO Mary Barra needed to hit a stock record was $27 billion and a bit of braggadocio.

January 20, 2021
Business, Technology, Autonomous

GM, Microsoft Lead $2 Billion Funding Round for Cruise

General Motors Co. and Microsoft Corp. are leading a $2 billion investment round in self-driving car startup Cruise in a deal that will bring the software giant鈥檚 cloud and edge-computing capabilities to the venture.

January 19, 2021
Business, Technology, Fuel

GM Changes Corporate Logo to Plug Its EV Strategy

General Motors Co. is changing its corporate logo for the first time in 56 years, giving it a new lowercase script that is designed to look more modern.

January 8, 2021