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.
Two Flint Township, Michigan, parents, are facing several charges, including second-degree murder, in the death of their 7-year-old son, who was 255 pounds and abused and neglected, according to the Genesee County prosecutor.
Keider Montero and Emmanuel De Jesus combined for a five-hitter while both Venezuelans wore hats embroidered with "VZ" after this week's earthquakes, and the Detroit Tigers beat the Houston Astros 8-0 on Friday night.
The Livonia Spree is back again, but this year, event organizers wanted to boost security protocols.
Extreme temperatures are on the horizon in Southeast Michigan, setting the stage for a prolonged and dangerous heat wave next week.
Mathers is due back in court on Aug. 13.
One more ballot has been found from the November 2025 election in Hamtramck that included races for the city's mayor and council.
State officials have taken over the investigation into one death and hospitalizations among patients who received dialysis treatment in Southeast Michigan.
During a June 25 Board of Regents meeting, Jordan Acker issued an apology, but did not directly mention the inappropriate messages.
Two Flint Township, Michigan, parents, are facing several charges, including second-degree murder, in the death of their 7-year-old son, who was 255 pounds and abused and neglected, according to the Genesee County prosecutor.
Keider Montero and Emmanuel De Jesus combined for a five-hitter while both Venezuelans wore hats embroidered with "VZ" after this week's earthquakes, and the Detroit Tigers beat the Houston Astros 8-0 on Friday night.
The Pontiac Star Car Reunion at the Oakland Expo Center features a wide range of vehicles.
President Trump says major automakers Ford and General Motors are in talks with defense contractors about possibly repurposing some plants for weapons production.
According to AAA, the average cost of gas statewide sits at $4.07.
Ford is recalling more than 250,000 vehicles that were incorrectly repaired under a previous recall meant to fix a problem that caused the engine to stall while driving, according to the National Highway Traffic and Safety Administration.
The United Auto Workers announced on Wednesday a tentative agreement with American Axle in Three Rivers, Michigan, ending a 10-day strike.
National Detroit-style Pizza Day is June 23, a date tied to a dish that traces its roots to a Detroit neighborhood bar and a Sicilian family recipe from 1946.
Crews have been preparing all morning, getting everything ready for the show just after 10 p.m.
Clive Davis helped shape the careers of music stars including Janis Joplin, Bruce Springsteen and Whitney Houston.
Claude Guillemot and a flight instructor were flying in a twin-motor Cessna 421 on Friday evening. An investigation into the crash is underway.
James Burrows directed more than 1,000 episodes of television, including every episode of the original "Will & Grace."
Keider Montero and Emmanuel De Jesus combined for a five-hitter while both Venezuelans wore hats embroidered with "VZ" after this week's earthquakes, and the Detroit Tigers beat the Houston Astros 8-0 on Friday night.
Michigan State Police said law enforcement and Child Protective Services confirmed a report against Pete Buttigieg was unsubstantiated and false.
Countries that tax U.S. companies offering digital products and services would immediately face a 100% tariff on their exports to the U.S., President Trump said.
Led by Sen. Cory Booker of New Jersey, a group of Senate Democrats suggested the Justice Department violated its internal policies with the creation of the "anti-weaponization" fund.
Bolton agreed to pay a $2.25 million fine, pleading guilty to one count of retaining classified national security information.
State officials have taken over the investigation into one death and hospitalizations among patients who received dialysis treatment in Southeast Michigan.
Five of the twelve organizations receiving these opioid settlement funded grants are located in Southeast Michigan.
The death of one dialysis patient and hospital treatment for five others are under scrutiny in the Novi area.
Michigan Gov. Gretchen Whitmer named a new acting director of the Michigan Department of Health and Human Services ahead of current Director Elizabeth Hertel's departure.
On Monday, Michigan Gov. Gretchen Whitmer announced the state's second round of medical debt forgiveness.
Keider Montero and Emmanuel De Jesus combined for a five-hitter while both Venezuelans wore hats embroidered with "VZ" after this week's earthquakes, and the Detroit Tigers beat the Houston Astros 8-0 on Friday night.
Five-time Olympian Hilary Knight signed a two-year contract extension with her new PWHL expansion team in Detroit, securing her through the 2028-29 season.
Tatsuya Imai struck out 10 in six scoreless innings and Taylor Trammell homered to lead the Houston Astros to a 2-1 victory over the Detroit Tigers on Thursday night.
No foul was initially called after Alyssa Thomas' fist made contact with Caitlin Clark's throat during a game between the Phoenix Mercury and Indiana Fever on Wednesday.
Detroit Lions cornerback Terrion Arnold is in custody after turning himself in to authorities in Florida.
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.
We're in the throes of the 100 most dangerous driving days of the year as more folks take to the road for vacations.
Four leaders appear in one-on-one conversations on CBS Detroit's Michigan Matters this Sunday to discuss their political futures and the road ahead in the 2026 midterms.
Bob Riney, president and CEO of Henry Ford Health, headlines Michigan Matters this Sunday, along with three other community champions who discuss important issues dissected at the Mackinac Policy Conference.
Extreme temperatures are on the horizon in Southeast Michigan, setting the stage for a prolonged and dangerous heat wave next week.
A Michigan man is charged with felonious assault after prosecutors say he pinned a bond agent between cars as he tried to flee in Roseville.
Police in a Redford Township, Michigan, neighborhood are concerned after several feral cats were found living in a home that's in deplorable condition.
The Livonia Spree is back again, but this year, event organizers wanted to boost security protocols.
One more ballot has been found from last November's election in Hamtramck, Michigan, that included races for the city's mayor and council seats.