Auto industry eyes subscription fees as multi-billion-dollar revenue stream
General Motors projects subscription fees to bring in as much as $25 billion a year by 2030.
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General Motors projects subscription fees to bring in as much as $25 billion a year by 2030.
General Motors is losing money on every electric vehicle it sells, but the company says it's on track to generate mid single-digit pretax profit margins in 2025 as it produces more higher margin EVs, works out kinks in battery manufacturing and sees battery cost reductions.
General Motors says pretax earnings took a $1.1 billion hit this year from a six-week strike by autoworkers, but the company expects to absorb the costs of a new contract and is even raising its dividend.
A Detroit nonprofit is attempting to bridge the digital divide this holiday shopping season.
The companies agreed to dramatically raise pay for top-scale assembly plant workers, with increases and cost-of-living adjustments.
The tentative agreement ratification vote for General Motors and United Auto Workers is turning into a nailbiter.
The tentative contract agreement between General Motors and the United Auto Workers union appears to be headed for defeat.
Wednesday's discussion comes as tentative agreements have been reached with Ford, Stellantis and General Motors.
The company says it's updating the vehicles' software to have the Cruise vehicles stay put in circumstances like the one that led to the incident.
Stellantis plans to build a new midsize pickup truck, along with battery-run versions of six Jeep, Ram and Dodge vehicles.
UAW President Shawn Fain hails "groundbreaking" agreement with GM and says union is suspending its strike with the Detroit automakers.
Labor experts said the UAW's hardball tactics, including a historic six-week strike, paid off. Here's what autoworkers are getting.
With General Motors finally reaching a tentative agreement with the United Auto Workers, the union says reaching a deal with the last of the three major automakers is a huge win.
Pressure in rising on General Motors as the lone holdout in a strike targeting all three big Detroit automakers after a tentative contract agreement with Jeep maker Stellantis was reached with the United Auto Workers union over the weekend.
The pact with Stellantis comes just days after the UAW struck a similar deal with Ford, leaving only GM without an agreement.
If deals with the two automakers are reached, it would be the beginning of the end of America's longest auto strike in 25 years.
For six weeks, thousands have been on the picket line as negotiations continue. As the strike reaches new levels, it'll impact workers 2023 tax year.
General Motors and Jeep maker Stellantis are meeting with United Auto Workers bargainers to see if they can reach a contract agreement that mirrors a deal signed with crosstown rival Ford.
With the tentative deal reached with Ford, the UAW will now be able to use it to model similar contract settlements with GM and Stellantis.
The picket line outside of the Ford Michigan Assembly Plant in Wayne dissolved Wednesday as workers learned their strike was over after 41 days.
The last time the union struck one of the automakers, with its 2019 strike at GM, the strike lasted 40 days. Wednesday is the 41st day of the strike that started on Sep. 15.
On Wednesday, both companies announced that after extensive studies and analysis, they're ditching the $5 billion effort.
Within two weeks, the United Auto Workers union has hit the most profitable plants at each of the Big Three.
The UAW has expanded its strike again, and called 5,000 members at one of General Motors' most profitable plants to join the strike.
General Motors is the first Michigan automaker to report earnings since thousands of autoworkers went on strike.
A woman whom authorities sought after shots were fired at a deputy on Interstate 94 has been taken into custody, police say.
A man faces two charges after a barricaded confrontation with police in Romulus.
An Oakland County man has been convicted in the fatal shooting of his girlfriend and the mother of his child.
The conversation turns to rising auto insurance rates across Michigan and new legislative bills in Lansing that would help stem the tide.
President Trump alleged the U.S. election system falls catastrophically short and called out a closed FBI investigation into a 2020 Michigan voter registration drive, drawing sharp responses from state officials on both sides.
"This is pretty unprecedented," Ali Abazeed, Detroit's chief public health officer, said about the air quality due to wildfire smoke.
Michigan's cyclosporiasis outbreak has grown to 5,002 cases, with 102 hospitalizations reported, as federal investigators look into a lettuce supplier linked to Taco Bell locations in five states.
The disruptions to Metro Detroit events and summer program schedules continue into Friday because of the poor air quality. Here's a list.
President Trump alleged the U.S. election system falls catastrophically short and called out a closed FBI investigation into a 2020 Michigan voter registration drive, drawing sharp responses from state officials on both sides.
A man was found dead inside a vehicle early Friday along Meyers Road in Oakland County, police said.
Many newer vehicles are equipped with high-efficiency cabin air filters capable of capturing a significant amount of fine particulate matter.
Lawmakers in Michigan are working to push legislation that would stiffen penalties on noisy vehicles with exhaust modifications.
As the United States marks its 250th birthday, Ford Motor Company is showcasing more than a century of automotive history in a new exhibit that explores the company's role in shaping America.
The Detroit Auto Show has spent more than a century evolving alongside the auto industry. It has grown from a small, local exhibition into one of the world's premier automotive events.
The Pontiac Star Car Reunion at the Oakland Expo Center features a wide range of vehicles.
The few who aren't open for business on Thursday say it's out of concern for their employees' health and to protect their art.
Bonnie Tyler, the Welsh pop star best known for singing the chart-topping power ballad "Total Eclipse of the Heart" in 1983, has died. She was 75.
The nominations for the 78th annual Primetime Emmy Awards were announced Wednesday morning in Los Angeles, with the final season of HBO Max's "Hacks" setting a new record for the most nominations in a single year for a comedy series.
Taylor Swift and Travis Kelce were married as they celebrated their wedding with hundreds of guests Friday at Madison Square Garden in New York City.
The Hitsville USA campus is undergoing a $75 million donor-funded expansion that includes a theater, recording studio, and immersive exhibits, with a grand reopening planned for 2027.
President Trump alleged the U.S. election system falls catastrophically short and called out a closed FBI investigation into a 2020 Michigan voter registration drive, drawing sharp responses from state officials on both sides.
Trillions of wealth passed down by the baby boomers will likely go to younger Americans who are already rich. Here's how much they'll get.
Michigan's cyclosporiasis outbreak has grown to 5,002 cases, with 102 hospitalizations reported, as federal investigators look into a lettuce supplier linked to Taco Bell locations in five states.
A cybersecurity incident has forced Coca-Cola to suspend Fairlife milk production in the U.S. An investigation is underway.
Ronald L. Fischer, who was featured on "America's Most Wanted," fled Rhode Island during his criminal trial for first-degree sexual assault in 2005.
Michigan's cyclosporiasis outbreak has grown to 5,002 cases, with 102 hospitalizations reported, as federal investigators look into a lettuce supplier linked to Taco Bell locations in five states.
A lettuce supplier to fast-food giant Taco Bell has been linked to a nationwide cyclosporiasis outbreak that has sickened thousands of people, the CDC said.
Michigan health officials say the state's cyclosporiasis outbreak numbers jumped by more than 500 reports in the past 24 hours.
The current air quality in Michigan has doctors, especially cardiologists, concerned for their patients.
Smoke from multiple wildfires in Canada and Minnesota is moving over Michigan, eroding the air quality in the state.
The groundbreaking comes just days after the club announced the largest single investment in club history.
Embattled Michigan athletic director Warde Manuel has addressed the latest round of reports about his potential exit from the university, saying he has been fired by social media three times in 10 years.
An amended complaint by former University of Michigan football coach Chris Partridge alleges that school leaders concealed their knowledge of the sign-stealing scheme that was under investigation by the NCAA.
Sophie Shaft is a rising star with USA weightlifting, and she's got the hardware to show for it.
J.T. Realmuto hit a three-run double in the sixth inning and Zack Wheeler struck out 10 in six scoreless innings, helping the Philadelphia Phillies beat the Detroit Tigers 5-0 on Sunday to win their three-game series before the All-Star break.
The conversation turns to rising auto insurance rates across Michigan and new legislative bills in Lansing that would help stem the tide.
The Democratic side of the aisle had an intriguing development earlier this week when state Rep. Mallory McMorrow suddenly dropped out of the contest
Former NBA All-Star/entrepreneur Jalen Rose, DTE's Trevor Lauer and Oakland University president Ora Hirsch Pescovitz headline an all-star Michigan Matters episode.
Mark Hollis, COO of Rocket Entertainment and tournament director of the PGA Tour's Rocket Classic, appears on Michigan Matters.
Former U.S. Energy Secretary and Michigan Gov. Jennifer Granholm appears exclusively on CBS Detroit's Michigan Matters.
On July 1, the U.S. Department of Education began rolling out an accountability test that aims to hold colleges accountable for the earnings outcomes of their graduates.
A White House teleprompter operator made more than $100,000 on Kalshi bets related to public speeches made by President Trump, two sources familiar with the matter told CBS News.
Michigan leaders are reacting to comments that President Trump gave during a speech Thursday, in which he alleged the U.S. election system falls "catastrophically short" and called out a previous investigation in Michigan.
Poor air quality has forced the Livonia Community Theatre to relocate its Shakespeare in the Park production of "The Tempest" indoors.
A man was found dead inside a vehicle early Friday in Oakland County, Michigan, police said.