General Motors' Q3 earnings report once again exceeded Wall Street expectations, and the company subsequently raised its 2024 earnings guidance.

Cruise, the self-driving subsidiary of GM, relaunched its self-driving car service to rebuild public trust and strengthen safety standards after a major accident last year.

General Motors (GM) fourth-quarter results exceeded expectations and showed strong growth against the backdrop of a battered share price, an expectation that overall outperformed last year, surprising analysts。

ET on Tuesday (November 14), Berkshire Hathaway filed its latest Form 13F with the SEC。According to data platform WhaleWisdom, as of the end of September, Berkshire had entered a total of four new stocks and reduced its holdings of seven of all U.S. stock positions, while also liquidating seven stocks.。The clearance list includes Activision Blizzard, General Motors, engineering plastics manufacturer Celanese, and some consumer stocks - Yizi International, Johnson & Johnson, Procter & Gamble and United Parcel Class B shares.。In addition, Buffett has fully liquidated his 22 million shares of GM。Industry insiders had speculated that Berkshire Hathaway's motive for selling shares could be the strike threat facing the auto industry.。In fact, at this May's shareholder meeting, Buffett had early warning。He has said that car manufacturing has too many competitors around the world to generate attractive returns.。

The United Auto Workers (UAW) has been on strike for a month and a half since mid-September.。Currently, Ford and Stellantis have reached a preliminary agreement with the UAW, and now only GM is still in negotiations.。

On the evening of Thursday (October 26) local time, General Motors' self-driving car division Cruise announced that it would suspend the self-driving operation of all fleets.。It is reported that Cruise has developed driverless business in Phoenix, Houston, Austin, Dallas and Miami in the United States.。

Recently, Tesla, the American electric car manufacturer that has been hoping to promote the electrification of automobiles in the United States and the world, has begun to call for stricter fuel economy standards in the US government to expand its advantages and promote the electrification of automobiles.。

This tentative agreement with Unifor could be a relief to Ford, which would at least allow it to avoid "two-front warfare" and focus on union negotiations at home.。

Detroit's Big Three - General Motors, Ford and Jeep maker Stellantis - have had a bit of a headache lately as they negotiate a new four-year contract with the union.

According to a document released this week, GM warned that the U.S. Biden administration's auto emissions rules could cost the auto industry $100 billion in 2031 and $300 billion in fines over the next five years.。

On June 9, General Motors announced that it will follow in the footsteps of Ford, adopt Tesla's North American charging plug standard, and allow GM electric car buyers to use Tesla's super charging pile network。GM says it could save about $400 million from the deal。

In recent years, among the many topics surrounding the automotive industry, only two have been hot: new energy and autonomous driving.。Among them, autonomous driving technology requires comprehensive research and development in multiple disciplines such as electronics, communications, and machinery, and the research and development costs are extremely high.。However, at this stage, the technology is largely facing commercialization difficulties at the global level, which has led to doubts about its profitability prospects.。

An executive at Cruise, a driverless taxi subsidiary of General Motors, said Cruise has also focused on cost-cutting this year as rising losses at self-driving car companies have raised investor concerns.。