General Motors is having “very productive” conversations with the Trump administration regarding the new 25% automotive tariffs, according to CEO Mary Barra. During a fireside chat at the Semafor World Economy Summit 2025 on Wednesday (April 23), the veteran automotive executive said that the automaker...
General Motors is reportedly cutting 1,000 jobs in its Cruise business unit after a previously announced decision to stop funding its robotaxi project. The cuts amount to almost half of the workforce in Cruise, Bloomberg reported Tuesday (Feb. 4), citing an internal memo and unnamed...
Generative AI is revolutionizing the automotive industry, pushing the boundaries of vehicle design, manufacturing and customer experience. The technology, which harnesses advanced algorithms to create novel solutions and streamline processes, is reshaping how carmakers approach R&D and interact with consumers. A PYMNTS Intelligence report, “How...
Layoffs signal that a company is changing strategies, pulling back … maybe the market demand is not there that had been anticipated. In the wake of General Motors’ latest corporate actions, is it fair to say that the road ahead for connected cars — and...
July 05, 2024
As U.S. consumers take to the road this summer, the state of electric vehicles hangs in the balance and the payments industry grapples with the issues that will provide the right platform for its growth. First, the sales update. As the major car companies report their second-quarter 2024 sales, the results for overall electric vehicle […]
April 06, 2021
Another connected car partnership is making its way onto the track as Google and Fiat are teaming up to take on connected cars. A variation on the popular 500 line...
November 28, 2018
It’s a time that can feel rushed, and requires concentration and focus, but also provides consumers used to multi-tasking with loads of unused time. It’s the good, old-fashioned commute. With...
August 21, 2018
Let’s just come out and say it: When it comes to the wide range of commerce activities, unless you’re a teenager with a new driver’s license, putting gas into your...
February 04, 2025
General Motors is reportedly cutting 1,000 jobs in its Cruise business unit after a previously announced decision to stop funding its robotaxi project. The cuts amount to almost half of the workforce in Cruise, Bloomberg reported Tuesday (Feb. 4), citing an internal memo and unnamed sources. Several Cruise leaders will leave amid the restructuring, including […]
March 24, 2024
Consumer outcry has led General Motors to cease sharing connected car data with brokers. “As of March 20th, OnStar Smart Driver customer data is no longer being shared with LexisNexis...
November 08, 2023
Goldman Sachs is reportedly hoping to offload its General Motors (GM) credit card program. The move, as reported Tuesday (Nov. 7) by the Wall Street Journal (WSJ), marks the latest...
June 09, 2023
Electric car giant Tesla has received a $3 billion boost thanks to deals inked with two of the biggest U.S. automakers, General Motors and Ford. General Motors and Ford have...