General Motors

General Motors announces it will reduce development time from concept to series production from four–five years to about two years using AI and virtual development. GM is relying on parallel work processes, its own OnStar AI, significantly more computing power and a new manganese‑rich battery chemistry (LMR); the new central computer is expected to debut in the Cadillac Escalade IQ in 2028. The move is intended to catch up with fast Chinese competitors and European manufacturers like VW and BMW, but concrete timelines for implementation are lacking. » More on finanzen.net

GM says it will halve vehicle development times using digital thread virtualization and virtual testing, including a new lithium manganese rich (LMR) battery developed virtually and headed for its fourth-generation EV platform. The company will replace many control units with a liquid-cooled central computer it claims is up to 40 times more powerful and reduces wiring by about 30 percent, enabling snappier interfaces and broader OTA updates. GM plans to bring hands-free, eyes-off highway driving to its highest-volume trucks and SUVs and demos future use cases like uncrewed pickups for errands, while also upgrading OnStar into an AI assistant that can perform vehicle functions and diagnostics. » More on theverge.com

General Motors reported third-quarter revenue of about $50 billion and net income attributable to shareholders of roughly $3.3 billion. Adjusted operating income was about $4.1 billion. The company trimmed its full-year outlook to adjusted operating income of $14.5–15.5 billion, highlighted progress in higher‑margin software and service revenues, and emphasized its North America business. GM announced a multi‑year share buyback program of around $20 billion and a quarterly dividend of about $0.18 per share. » More on finanzen.net