GM offers buyouts to most of its U.S. workers amid EV shift
Some salaried employees who have been with the automaker for as little as two years will receive a buyout offer.
Auto Industry
Fed chair sees higher interest rates coming
Federal Reserve Chairman Jerome Powell testified to the Senate Banking Committee Tuesday that interest rates could rise higher and faster than anticipated in an effort to fight inflation. New York Times Federal Reserve and economy reporter Jeanna Smialek joins CBS News' John Dickerson to discuss the comments, plus a new corporate trend that's convincing consumers to spend more on similar products.
Tesla to open part of charging network to other EVs under U.S. expansion plan
The Biden administration announced rules for EV chargers and new commitments from Tesla, GM and others.
Hyundai, Kia boost security after TikTok video linked to thefts
Authorities say videos on the social media platform may have led to multiple car accidents and eight fatalities.
State Farm says it stopped insuring some Kia, Hyundai vehicles
The decision comes after an analysis found some 2015-19 Hyundai and Kia vehicles lack protections to prevent theft.
General Motors introduces the E-Ray, a hybrid Corvette
The electric-gas hybrid Chevrolet sports car, priced at $104,000, will go on sale at some point this year, GM said.
Americans' car debt reached $1.5 trillion
Americans owed more than $1.5 trillion on their car loans in the third quarter. New York Times business reporter Jack Ewing joins CBS News' Debra Alfarone to discuss a potential car bubble, inflation and rising interest rates and advice for consumers.
A record 1 in 7 car buyers are paying $1,000 or more per month
Steep monthly payments will hopefully motivate more shoppers to compare interest rates, an expert from Edmunds said.
Considering an EV? Here's how 2023 tax credits will work
A complex web of requirements is casting doubts on how many will receive the full $7,500 credit next year.
Some EV buyers could get an extra $3,750 in tax credits in 2023
Delay by Treasury in drawing up rules for an EV tax break means some buyers could get an unexpected windfall.
U.S. fuel economy flat in 2021, emissions down slightly, new EPA report says
A government report says fuel economy for 2021 model year vehicles in the U.S. stayed flat with 2020 as people continued to buy less-efficient trucks and SUVs.
Electric vehicles: Who's ahead, who's behind
Electric vehicles' share of the market has doubled since 2021; experts estimate there will soon be 159 different EV models. But while Tesla makes up 65% of the U.S. EV market, their share has dropped steadily, with Ford and General Motors forecast to pass Tesla in market share by 2025. Correspondent Kris Van Cleave talks with auto industry expert Tim Stevens about the future of EVs.
10 senators seek update on auto seat safety, prompted by CBS News investigation
"Far too many children have lost their lives due to NHTSA's outdated seatback safety standard," said Sen. Ed Markey, who led the effort.
Biden announces $900 million for electric vehicle chargers at Detroit auto show
The president showcased his administration's efforts to promote electric vehicles during a visit to the Detroit auto show.
General Motors CEO reveals electric vehicle
Mary Barra, the CEO and chair of General Motors, joins "CBS Mornings" to discuss the company's new electric Equinox, the future of the auto industry and how General Motors is handling inflation.
General Motors CEO reveals new electric vehicle
By 2040, General Motors plans on going completely carbon neutral.
Peltola says she "knew nothing about" the other Dan Sullivan
Live
Trump visits South Carolina, Peltola speaks out and more from the trail
Patrick Stewart, best known for "Star Trek" and "X-Men," dies at 86
Live
Iran claims 4 tankers hit mines in Strait of Hormuz
El-Sayed's faith, family under scrutiny in campaign. Here's what we know.
DOJ issues new subpoenas in Alaska Senate probe
Hegseth fires Pentagon's top military planner over alleged leaks
Investigation
Whistleblower says DEA let fentanyl pills hit the streets
