The electric carmaker maintained its momentum from last year even as larger automakers continue to struggle with parts shortages.
The company struggled to produce vehicles in the first three months of the year, a sign that shortages could last longer than executives had hoped.
The sport utility vehicle, made in Tennessee, is one of more than 20 E.V. models that General Motors plans to roll out in the U.S. within three years.
The sport utility vehicle, made in Tennessee, is one of more than 20 E.V. models that General Motors plans to roll out in the U.S. within three years.
Frunks are just the start — think Cybertruck, not Focus.
The electric vehicle maker’s stock surged after a public offering last fall but has since plunged, in part because the company failed to meet its 2021 goals.
The electric vehicle maker’s stock surged after a public offering last fall but has since plunged, in part because the company failed to meet its 2021 goals.
Booming in a depressed market, battery-powered vehicles are a plus for the climate but pose a big threat to carmakers and parts suppliers that are slow to change.
The company made $10 billion in profit for 2021, a 55 percent increase from 2020.
The automaker will build a battery plant and overhaul an existing factory to produce electric pickup trucks, creating 4,000 jobs.