The brand, called BrightDrop, will sell a commercial van called the EV600 and an electric pallet to help with deliveries. It initially will operate in the U.S. and Canada with a new BrightDrop dealer network.

The automaker's marketing strategy will be centered on EVs, and the GM logo will be modernized with a sky-blue hue and lowercase letters.

The Hummer SUV and Chevy pickup are expected to be built starting in 2023 or 2024, but those schedules likely will be accelerated. 

GM said it will move up the scheduled launches of some EVs and introduce at least 30 EVs globally by mid-decade, including 20 in North America.

The automaker said sales in the U.S. and China were recovering faster than expected, and its earnings rose significantly even though revenue was flat from a year ago.

The fully loaded version of the brand's first electric vehicle will sell for more than $112,000 and come with a slew of off-roading technology.

GM will own 11 percent of the EV startup. The agreement will commercialize GM's fuel cell technology in high volumes and extends the use of its fuel cell system to the semi-truck market.

When the pandemic hit, auto industry leaders knew two things: The supply chain was in danger of crashing, and that could not happen.

Dhivya Suryadevara, who orchestrated a restructuring plan for GM in her nearly two years running the automaker's finances, is taking a job outside the auto industry. John Stapleton will be acting CFO during the search for a successor.

FCA said GM's attempt to revive a federal racketeering case that a judge dismissed in July with new claims of bribery and corporate espionage is "meritless and should be denied."

GM now alleges that FCA and several company and UAW co-conspirators are guilty of "corporate espionage" that directly harmed GM.

Production and revenue at the automaker fell by more than half, but cost cutting and strong pricing allowed the company to nearly break even in North America despite its plants being closed for eight weeks.

U.S. District Judge Paul Borman ruled that GM's legal theory, in which it alleged that FCA engaged in a pay-to-harm scheme by bribing UAW officials, "has some appeal, but it fails on closer look." GM said it will "pursue our legal remedies."

Without an agreement, GM's lawsuit accusing FCA of bribing union officials is likely to drag on for years, making it a distraction for the companies and a "waste of time and resources for the years to come," a U.S. judge said.

Technology that the automaker has used for more than 30 years to build prototypes faster is now helping make medical devices and will start making real parts for vehicles within the next year.