GM & Cruise Partner with Microsoft to Commercialize Autonomous Vehicles

Cruise and General Motors have announced a long-term strategic relationship with Microsoft to accelerate the commercial development of autonomous vehicles. According to a recent press release, the companies aim to bring together their collective resources, including software and hardware engineering, cloud computing, manufacturing, and partner ecosystems to develop efficient and economical transportation. “Our mission to bring safer, better, and more affordable transportation to everyone isn...
Tags: Microsoft, Satya Nadella, General Motors, Cruise, Mary Barra, Gm, Autos, Berlin Germany, Detroit Michigan, Dan Ammann, Crusie, Car News, Azure Microsoft, Cruise GM, Automoblog, General Motors Honda

Kamala Harris was just sworn in as the first female vice president in US history. Here are 35 of the most powerful women in 2021.

Kamala Harris, Jill Biden, and Shonda Rhimes. Tasos Katopodis/JIM WATSON/AFP/George Pimentel/Getty Images First ladies, political figures, and prominent businesswomen hold great power in the US. Kamala Harris was sworn in as the first female vice president of the United States. Queen Elizabeth II, the longest-reigning monarch of the United Kingdom, has served for over 65 years. Visit Business Insider's homepage for more stories. From the boardroom to Hollywood and the floor of the House of...
Tags: Strategy, Features, Women And Leadership, Women's History Month, Feminism, Women, CDU

GM jumps 9% to record high after Microsoft announces investment in the company's self-driving car subsidiary Cruise

A Cruise self-driving car, which is owned by General Motors Corp, is seen outside the company's headquarters in San Francisco Reuters General Motors gained as much as 8.9% to a record high on Tuesday amid news that its autonomous vehicle subsidiary, Cruise, is receiving a large investment from Microsoft.Microsoft joins a number of companies in a $2 billion funding round for Cruise which also includes backing from Honda and institutional investors. Tuesday's intraday price is a record-hi...
Tags: Microsoft, San Francisco, Trends, General Motors, Markets, Cruise, Mary Barra, Gm, Autonomous Vehicles, Self-driving Cars, Honda, General Motors Corp, Reuters General Motors, Microsoft Microsoft, MicroStrategy, GM Cruise

Microsoft invests in Cruise in new $2 billion round

Cruise has raised $2 billion in a new equity round that has pushed its valuation up to $30 billion and delivered Microsoft as an investor and partner. GM, Honda and other institutional investors have also put more capital into Cruise as the autonomous vehicle company inches closer to commercializing its technology. While Microsoft’s capital is important, the partnership might provide equal and longer term value for Cruise, at least in the two companies’ views. Under the long-term strategic partn...
Tags: Transportation, Microsoft, Satya Nadella, Tech, Cruise, Automotive, Mary Barra, Gm, GM Honda, Cruise Automation

35 of the most powerful women in 2021

Kamala Harris, Jill Biden, and Shonda Rhimes. Tasos Katopodis/JIM WATSON/AFP/George Pimentel/Getty Images From first ladies of the United States to prominent businesswomen and leading figures in the entertainment industry, these women hold great power. On January 20, Senator Kamala Harris will be sworn in as the first female and first Black and South Asian vice president of the United States. Queen Elizabeth II, one of the best-known female leaders in the world and the longest-reigning mon...
Tags: Strategy, Features, Women And Leadership, Women's History Month, Feminism, Women, CDU

Warren Buffett's Berkshire Hathaway scores $1.5 billion gain on GM stock in under 4 months

Warren Buffett Getty Images / Michael Buckner Warren Buffett's Berkshire Hathaway has likely scored a 65% gain on its General Motors bet in under four months.The billionaire investor's conglomerate backed the automaker in 2012 and grew its stake to 80 million shares worth $2.4 billion at the end of September.GM stock has soared by about two-thirds to a record high since then, increasing the value of Berkshire's stake to about $3.9 billion.The auto giant's shares have rallied strongly due to...
Tags: Trends, General Motors, Tesla, Mary Barra, Gm, Berkshire Hathaway, Warren Buffett, Goldman, Berkshire, Buffett, Theron Mohamed, Warren Buffett Getty, Michael Buckner Warren Buffett

Warren Buffett's Berkshire Hathaway scores $1.6 billion gain on GM stock in under 4 months

Warren Buffett Kevin Lamarque/Reuters Warren Buffett's Berkshire Hathaway has likely scored a 70% gain on its General Motors bet in under four months.The billionaire investor's conglomerate backed the automaker in 2012 and grew its stake to 80 million shares worth $2.4 billion at the end of September.GM stock has soared by about 70% to a record high since then, increasing the value of Berkshire's stake to about $4 billion.The auto giant's shares have rallied strongly due to excitement about...
Tags: Trends, General Motors, Tesla, Mary Barra, Gm, Berkshire Hathaway, Warren Buffett, Goldman, Berkshire, Buffett, Theron Mohamed

Walmart, Amazon and other US corporate giants in cutting off donations to Republican lawmakers who opposed Biden's certification as president

Supporters of US President Donald Trump broke into the US Capitol on January 6, 2021, in Washington, DC. SAUL LOEB/AFP via Getty Images Walmart will halt political donations to lawmakers that opposed certifying president-elect Joe Biden's victory. It joins Amazon, Morgan Stanley, Dow, and AT&T in deciding to cut funding to specific Republicans. Separately, JP Morgan, Citibank, Microsoft, and Facebook said they will temporarily pause all political donations to both Republicans and Democrats...
Tags: Google, Amazon, Facebook, Politics, Microsoft, Congress, Hotels, Finance, Senate, US, Trends, Tech, General Motors, Walmart, Bloomberg, Joe Biden

GM announces new electric delivery van with its own motorized pallet as part of new move into logistics

FedEx will be the first customer for GM's new electric delivery vans. GM General Motors unveiled a new electric delivery van called the BrightDrop EV600 during CES 2021 on Tuesday.  The van is one of the first products out of GM's new delivery and logistics business, BrightDrop.  BrightDrop will also sell a motorized pallet called the EP1 and a suite of software and services for commercial customers.  The automaker has ambitious electrification plans and has committed $27 billion to de...
Tags: Amazon, Americas, Trends, General Motors, Ford, Mary Barra, Gm, Dc, Richard Smith, Mercedes Benz, FedEx Express, GM GM, GM General Motors, Tim Levin, BrightDrop BrightDrop, GM FedEx

Amazon joins Airbnb, Marriott, and other US corporate giants in cutting off donations to Republican lawmakers who opposed Biden's certification as president

Supporters of US President Donald Trump broke into the US Capitol on January 6, 2021, in Washington, DC. SAUL LOEB/AFP via Getty Images Amazon has become the latest US corporate giant to cut off donations to GOP lawmakers who objected to certifying Democrat Joe Biden as president. It joins Morgan Stanley, Dow, and AT&T in deciding to cut funding to specific Republicans. Separately, JP Morgan, Citibank, Microsoft, and Facebook said they will temporarily pause all political donations to both...
Tags: Google, Amazon, Facebook, Politics, Microsoft, Congress, Hotels, Finance, Senate, Boston, US, Trends, Tech, General Motors, Bloomberg, Joe Biden

Marriott, Morgan Stanley, Dow, and other US firms are cutting off donations to Republican politicians that opposed Biden's certification as president

Supporters of US President Donald Trump broke into the US Capitol on January 6, 2021, in Washington, DC. SAUL LOEB/AFP via Getty Images Marriott, Morgan Stanley, and Dow are among companies cutting off donations to GOP lawmakers who objected to certifying Democrat Joe Biden as president. Goldman Sachs is reportedly likely to follow suit. Separately, JP Morgan, Citibank, Microsoft, and Facebook said they will temporarily pause all political donations to both Republicans and Democrats comple...
Tags: Facebook, Politics, Microsoft, Congress, Hotels, Finance, Senate, US, Trends, Tech, General Motors, Joe Biden, Companies, Gop, Ford, Washington Dc

Marriott, Morgan Stanley, Dow, and other US firms are cutting off Republicans that opposed Biden's certification as president

Supporters of US President Donald Trump enter the US Capitol's Rotunda on January 6, 2021, in Washington, DC. SAUL LOEB/AFP via Getty Images Marriott, Morgan Stanley, and Dow are among companies cutting off donations to GOP lawmakers who objected to certifying Democrat Joe Biden as president. Goldman Sachs is reportedly likely to follow suit. Separately, JP Morgan and Citibank said they will temporarily pause all political donations to both Republicans and Democrats completely. Last We...
Tags: Facebook, Politics, Congress, Hotels, Finance, Senate, US, Trends, Tech, General Motors, Joe Biden, Companies, Gop, Ford, Washington Dc, Mary Barra

In the wake of the Capitol siege, Marriott, Morgan Stanley, and other US firms are cutting off Republicans that opposed Biden's certification as president

Supporters of US President Donald Trump enter the US Capitol's Rotunda on January 6, 2021, in Washington, DC. SAUL LOEB/AFP via Getty Images Marriott, Morgan Stanley, the Blue Cross Blue Shield Association, and Commerce Bank have cut off donations to GOP lawmakers who objected to certifying Democrat Joe Biden as president, and Goldman Sachs is reportedly likely to follow suit. JP Morgan and Citigroup have all said they will temporarily pause all political donations to both Republicans ...
Tags: Facebook, Politics, Congress, Hotels, Finance, Senate, US, Trends, Tech, General Motors, Joe Biden, Companies, Gop, Ford, Washington Dc, Mary Barra

In the wake of the Capitol siege, Marriott, Morgan Stanley, Dow, and other US firms are cutting off Republicans that opposed Biden's certification as president

Supporters of US President Donald Trump enter the US Capitol's Rotunda on January 6, 2021, in Washington, DC. SAUL LOEB/AFP via Getty Images Marriott, Morgan Stanley, the Blue Cross Blue Shield Association, and Commerce Bank have cut off donations to GOP lawmakers who objected to certifying Democrat Joe Biden as president, and Goldman Sachs is reportedly likely to follow suit. JP Morgan and Citigroup have all said they will temporarily pause all political donations to both Republicans ...
Tags: Facebook, Politics, Congress, Hotels, Finance, Senate, US, Trends, Tech, General Motors, Joe Biden, Companies, Gop, Ford, Washington Dc, Mary Barra

Marriott and Citi suspend political donations to GOP lawmakers who sided with Trump and objected to Biden's certification as president

Supporters of US President Donald Trump enter the US Capitol's Rotunda on January 6, 2021, in Washington, DC. SAUL LOEB/AFP via Getty Images Marriott and Citi have cut off donations to GOP lawmakers who objected to certifying Democrat Joe Biden as president.  Marriott and Citi are among the largest US companies to announce the will halt PAC donations to the GOP members who took part in the failed attempt to overturn the election. Companies including Microsoft, Google, GM, and Coca-Cola...
Tags: Amazon, Facebook, Politics, Texas, Congress, Hotels, Finance, Senate, US, Trends, Tech, General Motors, Joe Biden, Companies, Gop, Missouri

Marriott is pulling donations to Republicans who voted to overturn the election, while JP Morgan and Citigroup are halting political donations altogether

Supporters of US President Donald Trump enter the US Capitol's Rotunda on January 6, 2021, in Washington, DC. SAUL LOEB/AFP via Getty Images Marriott, the Blue Cross Blue Shield Association, and Commerce Bank have cut off donations to GOP lawmakers who objected to certifying Democrat Joe Biden as president.  JP Morgan, Goldman Sachs, Morgan Stanley, and Citigroup have all said they will temporarily pause all political donations to both the Republicans and Democrats completely. Last Wed...
Tags: Facebook, Politics, Congress, Hotels, Finance, Senate, US, Trends, Tech, General Motors, Joe Biden, Companies, Gop, Ford, Washington Dc, Mary Barra

Marriott suspends political donations to GOP lawmakers who sided with Trump and objected to Biden's certification as president

Supporters of US President Donald Trump enter the US Capitol's Rotunda on January 6, 2021, in Washington, DC. SAUL LOEB/AFP via Getty Images Marriott has cut off donations to GOP lawmakers who objected to certifying Democrat Joe Biden as president. The hotel chain said the decision was the result of last week's siege on the US Capitol by pro-Trump supporters. Marriott is one of the largest US companies to announce it was halting PAC donations to the GOP members who took part in the fai...
Tags: Amazon, Facebook, Politics, Texas, Congress, Hotels, Finance, Senate, US, Trends, Tech, General Motors, Joe Biden, Companies, Gop, Missouri

Cadillac Debuts New 33-Inch User Interface for Next-Generation Driver Experiences

This article originally appeared on AutoVision News. It has been republished with permission. Cadillac’s LYRIQ, the brand’s first all-electric SUV, is yet another example of how the automaker plans to “push the boundaries of in-vehicle user experiences.” For proof that is more than talk, Cadillac stressed it has partnered with Territory Studio, known for creative interface designs, and Rightpoint, a Genpact company, throughout the development of a new 33-inch driver interface. Fin...
Tags: Mary Barra, Autos, Sears, Cadillac, Austin Texas, Cadillac Escalade, Bill Thompson, Car News, Rightpoint, Cadillac Original, Nancy Dunham, Western Auto Supply Co, Cadillac Considering Cadillac, Gabriel Bridger, Inch Interface Cadillac, 14th General Motors

While CEOs across America decry the rampage in Washington, Jeff Bezos is silent and Elon Musk is posting memes

Jeff Bezos (left) and Elon Musk. REUTERS/Joshua Roberts Following Wednesday's attack on the US Capitol, business leaders from a range of industries, including finance, tech, and automotive, have condemned the rampage.  But two of the world's most powerful CEOs — Elon Musk and Jeff Bezos — have yet to issue a statement denouncing the insurrection.  While Bezos has been silent on social media, Musk has tweeted multiple memes, one of which was a Burning Man joke. He also seemed to partially b...
Tags: Google, Amazon, Facebook, Mark Zuckerberg, Spacex, Elon Musk, News, Instagram, Washington, US, America, Trends, General Motors, Tesla, Thailand, Harvard University

Evaluating The Viability Of AI In The Workplace

by Christa Martin, Chief Outsiders CMO It’s becoming increasingly important for organizational leaders to consider the potential impact of artificial intelligence on company culture. Recent research estimates that one in five employees will have an artificial intelligence (AI) system as their coworker by 2022. As workplace applications of artificial intelligence become the norm, organizational leaders will face a bevy of new challenges, ranging from resource allocation to effective implementati...
Tags: Amazon, Startups, Company Culture, Workplace Culture, Artificial Intelligence, Mary Barra, Gm, Duke University, San Diego California, Fuqua School of Business, OKR, Christa Martin, Thinking Aloud, Future Workplace

How the Nikola Badger went from hotly anticipated Tesla Cybertruck competitor to bust in a matter of months

The Nikola Badger pickup truck, which is now dead. Nikola Nikola Motor Company's Badger all-electric pickup truck was one of the most highly anticipated products from the startup, and on the EV market as a whole. The company also got the attention of General Motors, which partnered with it in a $2 billion deal to build the Badger. But 2020 saw fraud allegations and a high-profile resignation, which led GM to rethink its willingness to partner with Nikola. The Badger will no longer be produ...
Tags: Transportation, America, Trends, General Motors, Tesla, Bloomberg, Ford, Mary Barra, Gm, Michigan, Honda, EVs, Electric Cars, Pickup Trucks, Anheuser Busch, Milton

Countries worldwide are passing laws to kill the gas-powered car — here's who's going all-electric, and when

The Volkswagen ID concept family. From left to right: The ID Buzz, ID, and ID Crozz. Volkswagen In the US alone, tailpipe emissions account for almost 20% of all emissions. Countries such as Britain, Canada, France, Iceland, and Sweden have all proposed some sort of emission-free vehicle legislation for the coming years. Already, automakers such as Volkswagen, Geely, and Mercedes-Benz are offering electrified options for buyers. Visit Business Insider's homepage for more stories. The contr...
Tags: Transportation, UK, Sweden, Climate Change, California, Massachusetts, US, Trends, General Motors, Tesla, Joe Biden, United States, Missouri, Ford, Mary Barra, Union of Concerned Scientists

The rise and fall of the Nikola Badger, the all-electric Cybertruck rival that never was

The Nikola Badger pickup truck, which is now dead. Nikola Nikola Motor Company's Badger all-electric pickup truck was one of the most highly anticipated products from the startup, and on the EV market as a whole. The company also got the attention of General Motors, which partnered with it in a $2 billion deal to build the Badger. But 2020 saw fraud allegations and a high-profile resignation, which led GM to rethink its willingness to partner with Nikola. The Badger will no longer be produ...
Tags: Transportation, America, Trends, General Motors, Tesla, Bloomberg, Ford, Mary Barra, Gm, Michigan, Honda, EVs, Electric Cars, Pickup Trucks, Anheuser Busch, Milton

Nikola dives 17% after CEO offers murky commentary on GM deal ahead of December 3 deadline

Nikola Nikola tumbled as much as 17% on Wednesday after the company's CEO failed to soothe investor concerns around its $2 billion partnership with General Motors.Chief executive Mark Russell said on that talks with GM are ongoing. The companies have until December 3 to reach an agreement before either party can leave the partnership.Russell also stopped short of guaranteeing that founder and former chairman Trevor Milton won't dump his Nikola shares once his lock-up period ends on Decem...
Tags: California, Trends, General Motors, Mary Barra, Gm, Biden, Trump, Rbc, Morningstar, Milton, Russell, Mark Russell, Nikola, Trevor Milton, Ben Winck, Emma Powell

Nikola dives 15% after CEO offers murky commentary on GM deal ahead of December 3 deadline

Nikola Badger. Nikola Nikola tumbled as much as 15% in early Wednesday trading after the company's CEO failed to soothe investor concerns around its $2 billion partnership with General Motors.Chief executive Mark Russell said on that talks with GM are ongoing. The companies have until December 3 to reach an agreement before either party can leave the partnership.Russell also stopped short of guaranteeing that founder and former chairman Trevor Milton won't dump his Nikola shares once his ...
Tags: UK, California, US, Trends, General Motors, Mary Barra, Gm, Biden, Trump, Milton, Russell, Mark Russell, Nikola, Trevor Milton, Ben Winck, Wall Street Journal Nikola

Nikola surges 29% as GM backs EV regulations and investors speculate a deal between the two companies is near

Nikola Badger. Nikola Electric-truck company Nikola gained as much as 29% on Tuesday after General Motors announced its no longer supporting the Trump administration's efforts to bar California from setting its own emissions regulations. California's authority to set its own fuel regulations will likely boost the EV industry, as will GM's new plan to increase spending on EVs and work with Biden to promote the industry. Investors are also speculating that Nikola and GM are close to reaching ...
Tags: California, Trends, General Motors, Markets, Bloomberg, Joe Biden, Electric Vehicles, Mary Barra, Gm, Biden, EVs, Wall Street Journal, Trump, Barra, Nikola, Electric Truck

GM Switches Sides in the Gas War, Joins California/Biden

General Motors has changed its mind on backing the Trump administration’s effort to supplant Obama-era emission regulations with something more manageable and prohibit California from setting its own emissions rules. Of course, the coastal rules aren’t really just for California — it desperately wants to export them to the rest of the country and has made […] The post GM Switches Sides in the Gas War, Joins California/Biden appeared first on The Truth About Cars.
Tags: Obama, California, Government, General Motors, Joe Biden, Regulation, Mary Barra, Gm, Autos, Donald Trump, Trump, News Blog, Gas War, Fuel Rollback, California Biden

GM dumps Trump to side with California in emissions rules fight

General Motors is changing sides in a battle over whether states — and specifically California — can set tailpipe emissions regulations and other rules meant to mitigate climate change that are stricter than the federal government. The automaker said Monday it will no longer back the Trump Administration’s lawsuit to prevent California from setting its own rules, Reuters reported. CEO Mary Barra reportedly sent a letter to several environmental groups stating that the automaker was “immediately...
Tags: Obama, California, America, Tech, General Motors, Joe Biden, Automotive, Ford, Mary Barra, Gm, Toyota, Volkswagen, Fiat Chrysler, Trump, Reuters, Air Resources Board

GM Flips Sides With California In Pollution Fight With Trump

DETROIT (AP/CBS13) — General Motors says it will no longer support the Trump administration in legal efforts to end California’s right to set its own clean-air standards. CEO Mary Barra said in a letter Monday to environmental groups that GM will pull out of the lawsuit, and it urges other automakers to do so. She said the company agrees with President-elect Joe Biden’s plan to expand electric vehicle use.  In a tweet on Monday, Barra said GM is the process of transitioning to an “all-electric p...
Tags: Business, Politics, Obama, California, White House, California News, Sacramento, Barack Obama, General Motors, Joe Biden, Ap, Ferrari, Mary Barra, Gm, Autos, South Sacramento

General Motors drops support for Trump in pollution fight, says it backs goals of president-elect

GM CEO Mary Barra said in a letter to environmental groups that the company agrees with President-elect Joe Biden’s plan to expand electric vehicle use.
Tags: General Motors, Joe Biden, Mary Barra, Gm, Trump