Electric truck startup Lordstown Motors Corp.’s shares sank as much as 19% after it pushed back a deadline to complete the sale of its Ohio assembly plant to Foxconn.

General Motors Co. bought out the SoftBank Vision Fund 1’s stake in self-driving startup Cruise for $2.1 billion, ending the Japanese investment firm’s stake in the business and giving the Detroit automaker 80% ownership.

Spiking gasoline prices have hiked Americans’ monthly bills to fuel popular pickups and SUVs by hundreds of dollars, which is leading more consumers to kick the tires on electric vehicles.

Cruise LLC, the autonomous vehicle company that is majority-owned by General Motors Co., named founder Kyle Vogt its full-time chief executive officer.

General Motors Co. will resume production of the Chevrolet Bolt and larger Bolt EUV electric vehicles in April after the automaker and its battery partner, an LG Group company, found a solution to its manufacturing gaffes.

There’s a big upside to record used-car prices: auto lenders such as GM Financial are cashing in.

Cruise LLC, the self-driving car startup that is majority owned by General Motors Co., is offering free rides to nonemployees in San Francisco for the first time, a move that triggers another $1.35 billion from investor SoftBank Vision Fund.

General Motors Co. plans to spend $6.5 billion on an electric pickup plant and battery factory in Michigan thanks in part to a $1.8 billion incentive package put together by the state to make sure the automaker didn’t take a big piece of its EV business elsewhere.

Automakers are targeting the job site with electric pickup trucks.

General Motors Co. CEO Mary Barra showed off the company’s electric Chevrolet Silverado at the CES exhibition, announcing that the pickup will go on sale in spring 2023 to compete with battery-powered trucks from longstanding rival Ford Motor Co. and newcomer Rivian Automotive Inc.