General Motors ended the year on a high note, posting strong sales numbers for Cadillac (its best worldwide since 1986) and Chevrolet (its best in the U.S. in a decade) as it rides a strong U.S. auto market. The company continues to work to fashion its OnStar vehicle connectivity service into a full-blown technology platform. Like its peers, GM is working to drive costs out of “and efficiencies into” its vehicles. With autonomous vehicles on the horizon, it’s also investing heavily in services and deals that aim to reimagine the company’s core business as “transportation,” not just “cars.” GM was founded in 1897 and is based in Detroit.
Looking for leads, investment insights, or competitive intelligence?
News about General Motors
Must-read business news, delivered every morning.
Foreign automakers will no longer have to form local joint ventures.
It could drive up the price of foreign-built vehicles.
And that may be cause for concern.