PYMNTS-MonitorEdge-May-2024

GM

General Motors Company, commonly referred to as General Motors, is an American multinational corporation headquartered in Detroit that designs, manufactures, markets, and distributes vehicles and vehicle parts, and sells financial services, with global headquarters in Detroit's Renaissance Center.

Source: gm.com

75% of Automakers Plan to Integrate GenAI Into Vehicles This Year
75% of Automakers Plan to Integrate GenAI Into Vehicles This Year
September 05, 2024  |  artificial intelligence

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...

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Do GM Layoffs Signal a Speed Bump for Connected Cars?
Do GM Layoffs Signal a Speed Bump for Connected Cars?
August 20, 2024  |  Connected Economy

Layoffs signal that a company is changing strategies, pulling back … maybe the market demand is not there that had been anticipated. In the wake...

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Automakers, Carvana Report Mixed Q2 Results Amid Tech and Market Shifts
Automakers, Carvana Report Mixed Q2 Results Amid Tech and Market Shifts
August 02, 2024  |  Earnings

In the automotive industry, Q2 2024 brought a blend of triumphs and trials for the major players. As traditional automakers and innovative disruptors alike navigate...

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Google’s $5 Billion Bet on the Bumpy Road to Self-Driving Cars
Google’s $5 Billion Bet on the Bumpy Road to Self-Driving Cars
July 26, 2024  |  Technology

Since the industrial revolution first brought machines into prominence, self-driving vehicles have populated future visions. And with the news that the autonomous delivery robot marketplace...

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GM Eyes ‘Winning New Customers’ as EV Sales Soar
GM Eyes ‘Winning New Customers’ as EV Sales Soar
July 25, 2024  |  Transportation

General Motors Chairman and CEO Mary Barra is focused on “winning new customers” as electric vehicle (EV) sales soared during the second quarter. In the...

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EV Ambitions on Hold: Ford Delays Canadian Electric SUV Production
EV Ambitions on Hold: Ford Delays Canadian Electric SUV Production
July 22, 2024  |  Transportation

Ford has announced its revised strategy for its Oakville Assembly plant in Canada, originally slated for electric vehicle (EV) production. Instead, the facility will focus...

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EV Sales Tick Up as Payment Challenges Define the Road Ahead
EV Sales Tick Up as Payment Challenges Define the Road Ahead
July 05, 2024  |  Transportation

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...

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Is Former Synapse CEO Already Moving on With a Robotics Startup?
Is Former Synapse CEO Already Moving on With a Robotics Startup?
June 13, 2024  |  Business

To paraphrase a famous F. Scott Fitzgerald quote, there are no second acts in life. The Gatsby scribe had never met a tech CEO. The...

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GM Ends OnStar Data Sharing Following Public Protest
GM Ends OnStar Data Sharing Following Public Protest
March 24, 2024  |  Data

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...

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