The carmaker will follow Tesla in making large batteries used by electric utilities, data centers and other businesses to handle fluctuations in power supply and demand.
The automaker said that it would buy back stock worth up to $6 billion and that it expected profit to rise this year after it pulled back from electric vehicle production.
Readers told us how insurers are raising premiums and, in some cases, cutting back coverage, as climate change shakes up the real estate market.
The president said he would weaken Biden-era mileage standards, which were designed to increase electric-vehicle sales, calling them a “scam.”
But the chief executive, Mary Barra, added that the jury was still out on whether electric vehicles would become a major seller in the United States.
Drivers will be able to converse with an artificial intelligence assistant while cars largely drive themselves in certain situations, the company said.
The announcement, which will eliminate about 1,200 jobs, came less than a week after the carmaker Stellantis said it would move production of a new vehicle to Illinois from a Toronto suburb.
The automaker’s shares jumped as investors focused on an upgraded forecast for some financial measures, as well as a lower-than-expected bill for tariffs this year.
President Trump and Republicans in Congress are eliminating federal incentives to buy electric vehicles, but carmakers need to keep selling and investing in them.
President Trump and Republicans in Congress are eliminating federal incentives to buy electric vehicles, but carmakers need to keep selling and investing in them.
General Motors also said its profit in the first three months of the year fell 7 percent from a year earlier.
Los aranceles podrían ser un duro golpe para el mayor productor de autos en México y aumentarían los precios de muchos vehículos vendidos en Estados Unidos.
General Motors, the largest producer of cars in Mexico, won’t provide details on how it would react if President Trump imposes 25 percent tariffs from the two countries.
Automakers and even some Republicans may fight to preserve funds, and environmental activists will likely sue, but some experts said that some changes may not survive legal challenges.
Donald J. Trump promised to erase Biden tailpipe rules that are designed to get carmakers to produce E.V.s. But Detroit wants to keep them.
Mary Barra, G.M.’s chief executive, said that the company had fixed battery-manufacturing problems and that its electric vehicles would soon be profitable.
General Motors and the South Korean automaker say they will collaborate on new vehicles, buying parts and clean energy technologies.
The former president’s comments on E.V.s have shifted since he has grown more friendly with Elon Musk, the billionaire Tesla founder.
Growth is brisk but slower than expected, causing automakers to question their multibillion-dollar investments in new factories and raising doubts about the effectiveness of federal incentives.
General Motors became the last of the three large U.S. automakers to reach a tentative agreement on a new contract with the United Automobile Workers union.