"General Motors may be shrinking its electric vehicle production, but the automaker wants investors to know its still committed to future technologies like automated driving, software-defined vehicles, and AI voice assistants. Today, GM CEO Mary Barra announced a string of new features coming to the company's brands, like Cadillac and Chevy, that she said will help "define the next chapter" of America's biggest automaker."
"The news comes after GM said it would take a $1.6 billion loss related to its planned rollout of EVs. The automaker attributed the loss to the expiration of the $7,500 federal EV tax credit, which was eliminated as part of President Donald Trump's budget bill. Experts predict EV sales to plunge in the aftermath of the credit's loss, potentially imperiling America's position as an automotive leader in the world."
General Motors is contracting electric vehicle production while emphasizing continued investment in automated driving, AI, software-defined vehicles, and robotics. CEO Mary Barra announced new features targeted at Cadillac and Chevy that aim to advance the company’s technological capabilities. GM recorded a $1.6 billion loss tied to its EV rollout after the $7,500 federal EV tax credit lapsed under President Donald Trump’s budget bill. Forecasters expect EV sales to decline following the credit’s removal. GM plans a Level 3 hands-free, eyes-off highway driving feature for the Cadillac Escalade IQ in 2028, building on its Level 2 Super Cruise legacy.
Read at The Verge
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