GM

The Cadillac Lyriq is sold out for 2023

Cadilac has sold out the first year's production for the Lyriq electric SUV and is now taking orders on 2024 models as it ramps up production to meet demand.

GM buys SoftBank's stake in its driverless car unit Cruise

General Motors Co. said it is buying out SoftBank Vision Fund L.P.'s stake in its Cruise division for $2.1 billion, roughly four years after the Japanese investment firm joined the car maker in betting on driverless-car technology.

GM prioritizes faster EV launches ahead of fatter profits

General Motors Co on Tuesday said it will spend more than the $35 billion previously planned through 2025 to speed up launches of new electric vehicles, and noted that investments in technology will take priority over richer profits next year.