WARREN, Mich. — General Motors on Wednesday pulled back the curtain on 10 new electric vehicles that it says will drive the company's more than $20 billion investment in a battery-propelled future.
At a gathering for reporters and investors beneath a dome-shaped event space on GM's Tech Center campus, the company unveiled clay-and-plastic mockups of the hotly anticipated Hummer EV SUV and "SUT" — the latter a "sport-utility truck" featuring a pickup truck bed and drop-top roof.
Both Hummer vehicles will boast three motors — one in front and two in the back — and a double stack of 26 battery modules, roughly twice as many as GM's other EV offerings.
It also revealed the EV version of the Cadillac Escalade, as well as a smaller Cadillac SUV, called the "Lyriq," a Chevrolet SUV, a Buick SUV, and a Buick crossover. Shared, too, was a rendering of an unnamed Chevrolet electric pickup.
CEO Mary Barra and president Mark Reuss concluded the event by pulling the cover from a surprise unveil: the Celestiq, pronounced "suh-less-tick," an elongated Cadillac four-door sports sedan.
"This is the future Cadillac flagship sedan that will set another even higher standard for what a luxury EV experience should be," Barra said.
The Bolt EUV is set to launch in September 2021, and the Cadillac Lyriq SUV is scheduled to make its public debut in April. The reveal of the Hummer EV is slated for May 20, with production expected to begin in Fall 2021 at the Detroit-Hamtramck plant, which will be GM’s first plant entirely dedicated to EV production.
The event was shrouded in secrecy: GM prohibited photos and even cell phones from the event, requiring guests to leave their laptops behind and stash their phones in signal-killing pouches. Voice recorders were provided to those who otherwise relied on their iPhones to record interviews.
It capped a nearly three-day "Immersion" for about a dozen reporters in GM's shift into electric vehicles. Throughout, GM emphasized what it worked to portray as its advantages — its manufacturing expertise, its institutional knowledge, and its dealer network — compared to established direct-to-consumer startups like Tesla and up-and-comers still set to launch such as Rivian, Lucid Motors, and Lordstown Motors.
The company plans to invest some $20 billion in electric vehicles and charging infrastructure through 2025.
"We'll offer them EVs from every brand, in every segment, in every body-style, at every price point, and in every part of the country," Barra said.
The New York Times and President Donald Trump are fighting again. The news outlet said Wednesday it won't be deterred by Trump's “false and inflammatory language” from writing about the 79-year-old president's health. The Times has done a handful of stories on that topic recently, including an opinion column that said Trump is “starting to give President Joe Biden vibes.” In a Truth Social post, Trump said it might be treasonous for outlets like the Times to do “FAKE” reports about his health and "we should do something about it.” The Republican president already has a pending lawsuit against the newspaper for its past reports on his finances.
OpenAI has appointed Slack CEO Denise Dresser as its first chief of revenue. Dresser will oversee global revenue strategy and help businesses integrate AI into daily operations. OpenAI CEO Sam Altman recently emphasized improving ChatGPT, which now has over 800 million weekly users. Despite its success, OpenAI faces competition from companies like Google and concerns about profitability. The company earns money from premium ChatGPT subscriptions but hasn't ventured into advertising. Altman had recently announced delays in developing new products like AI agents and a personal assistant.
President Donald Trump says he will allow Nvidia to sell its H200 computer chip used in the development of artificial intelligence to “approved customers” in China. Trump said Monday on his social media site that he had informed China’s leader Xi Jinping and “President Xi responded positively!” There had been concerns about allowing advanced computer chips into China as it could help them to compete against the U.S. in building out AI capabilities. But there has also been a desire to develop the AI ecosystem with American companies such as chipmaker Nvidia.
U.S. sports betting is booming as NFL and college football fuel massive activity. BetMGM CEO Adam Greenblatt breaks down trends, growth, and what’s next.
President Donald Trump says a deal struck by Netflix last week to buy Warner Bros. Discovery “could be a problem” because of the size of the combined market share. The Republican president says he will be involved in the decision about whether federal regulators should approve the deal. Trump commented Sunday when he was asked about the deal as he walked the red carpet at the Kennedy Center Honors. The $72 billion deal would bring together two of the biggest players in television and film and potentially reshape the entertainment industry.
Disney's changes to a program for disabled visitors are facing challenges in federal court and through a shareholder proposal. The Disability Access Service program, which allows disabled visitors to skip long lines, was overhauled last year. Disney now mostly limits the program to those with developmental disabilities like autism who have difficulty waiting in lines. The changes have sparked criticism from some disability advocates. A shareholder proposal submitted by disability advocates calls for an independent review of Disney's disability policies. Disney plans to block this proposal, claiming it's misleading. It's the latest struggle by Disney to accommodate disabled visitors while stopping past abuses by some theme park guests.
With a merger this big, creators, studios, and theaters all face uncertain futures. Here’s what experts are worried about and what good could come from it.
With disengagement rising and hybrid work shifting, 'Everybody Matters' author Bob Chapman explains why treating people well could define the future of work.
We sat down with Ali Furman, U.S. Consumer Markets Industry Leader at consulting firm PwC to ask what trends she garnered from the initial data this year.
