GMC's Duncan Aldred said the brand is still developing its long-term EV distribution strategy, but covering floorplan costs will be key.

GM has continued production and regular shifts at its full-size pickup or SUV plants throughout the chip crisis, but the automaker has resorted to building some pickups without certain modules.

The U.S. market had its strongest March sales in more than 20 years, but the global microchip shortage now threatens to pinch supplies of many important vehicles just as demand is surging.

The 2024 Hummer SUV Edition 1, which GM will price at more than $100,000, will have a range of about 300 miles, 830 hp and an estimated 11,500 pound-foot of torque.

Every brand except Chevrolet posted double-digit gains, and GM ended the quarter with only half as much inventory as it had a year earlier.

A meeting was set up for Thursday after the group placed a full-page newspaper ad accusing the GM CEO of ignoring them. Even with the meeting scheduled, the group ran a nearly identical ad on Wednesday.

The industry's March SAAR is projected to top 16 million, and retail sales are projected to reach the second-highest level ever for a first quarter.

Makharia has worked for GM for nearly two decades on batteries and fuel cells. He was most recently a partner for GM Ventures.

For its advanced manufacturing project called Factory Zero, the automaker is adopting a new technology to eliminate  overspray.

Design West will help the automaker accelerate vehicle development with more space for collaboration and better use of technology.

The additions of the former Hewlett-Packard CEO and basketball executive give GM 13 directors. Seven of them are women.

The automaker is considering a page out of Amazon's playbook with a plan to test inventory hubs that could then quickly deliver electric vehicles to nearby dealerships rather than just putting them all on the lot as usual.

Industry experts often say you can't build a vehicle if there's a part missing. But with microchips in short supply, GM shows that it actually can.

The lithium-metal chemistry could more than halve battery costs and double energy density compared with the current battery packs that power Chevrolet Bolts.

Reservations for the second Hummer EV will also open on April 3 during the NCAA men's basketball Final Four tournament.