Tag: GM

July 26, 2022

WASHINGTON — A joint venture between General Motors and South Korean battery company LG Energy Solution is set to receive a $2.5 billion loan from the Energy Department to build battery cell factories for electric vehicles in three states. The […]

July 19, 2022

General Motors Co. will start selling a battery-powered Chevrolet Blazer next year, giving it a direct competitor to Tesla Inc.’s Model Y, the nation’s best-selling electric SUV. The electric Blazer model will go on sale in the summer of 2023, […]

July 14, 2022

Pilot Co. will install 2,000 electric fast chargers at 500 of its U.S. truck stops over the next few years, creating a coast-to-coast network in partnership with General Motors. Startup EVgo (NASDAQ: EVGO) will install, operate and maintain the chargers. […]

January 25, 2022

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 […]

January 21, 2022

General Motors is poised to announce the week of Jan. 24 major electric vehicle investments in Michigan, with plans to spend $6.5 billion and create up to 4,000 new jobs at two plants. The state’s economic development board is expected […]

January 10, 2022

General Motors said it will recognize California’s authority to set vehicle emission standards under the Clean Air Act. The automaker sent a letter to California Gov. Gavin Newsom on Jan. 9 saying it is “committed to complying with California’s regulations.” […]

December 3, 2021

Ford Motor Co. claimed it was the best-selling automaker in the U.S. for the third consecutive month in November, a streak it hasn’t achieved since 1974, as it reported a 5.9% year-over-year sales boost for the month. The Dearborn, Mich., […]

October 22, 2021

For the first time in eight months, the global shortage of computer chips won’t force General Motors to keep any North American factories closed. The company said Oct. 22 that starting Nov. 1, all plants that had been closed on […]

October 6, 2021

General Motors plans to cash in as the world switches from combustion engines to battery power, promising to double its annual revenue by 2030 with an array of new electric vehicles, profitable gas-powered cars and trucks, and services such as […]

June 15, 2021

General Motors Co. and Wabtec Corp. have signed a nonbinding agreement to build locomotive engines using the automaker’s Ultium electric battery and its Hydrotec hydrogen fuel-cell system, the companies said June 15. The two companies will jointly develop the clean-powered […]

April 30, 2021

General Motors (NYSE: GM) announced Thursday it will invest $1 billion in a manufacturing complex in Ramos Arizpe, Mexico, that will build electric vehicles by 2023. “This investment will serve to prepare the complex for an expansion in the assembly […]

February 12, 2021

Many shippers in the e-commerce segment learned invaluable lessons in 2020 — siloed solutions don’t work well when scale and speed are a must. The same can be said for last-mile delivery operations. Siloed operations — where data, equipment and […]

January 19, 2021

General Motors Co. and Microsoft Corp. are leading a $2 billion investment round in self-driving car startup Cruise in a deal that will bring the software giant’s cloud and edge-computing capabilities to the venture. The new funds will raise Cruise’s […]

October 21, 2020

General Motors Co. is moving ahead in its talks with startup Nikola Corp. over a proposed partnership to make electric and fuel cell powered trucks, a senior executive at the Detroit automaker said. GM and Nikola announced a tentative agreement […]

September 8, 2020

General Motors Co. and Nikola Corp. on Sept. 8 announced a strategic partnership in which Nikola’s Badger, a hydrogen fuel-cell electric pickup truck, will be built and manufactured by General Motors. GM will receive an 11% ownership share of Nikola […]

September 8, 2020

Tesla Inc. shares slid on Sept. 8 after the electric-vehicle maker missed out on being included in the S&P 500 Index, taking investors who had bet on its entry to the benchmark by surprise. Tesla shares fell as much as […]

August 19, 2020

General Motors Co. is accelerating its push into the fast-growing electric-car segment in China, the world’s largest market, seeking to challenge sales leader Tesla Inc. and a slew of local contenders. The Detroit-based carmaker outlined its technology rollout plan for […]

August 10, 2020

DETROIT — Allegations by General Motors that Fiat Chrysler Automobiles bribed union officials are “preposterous” and read like a script from a “third-rate spy movie,” FCA lawyers wrote in court documents filed Aug. 10. GM, in a court motion last […]

January 27, 2020

General Motors Co. affirmed plans to build electric pickups and SUVs at its Detroit-Hamtramck plant and scheduled the start of production for late next year. Output of electric Cruise Origin driverless vehicles will follow soon after the initial pickups roll […]

December 27, 2019

General Motors Co. and Tesla are about to become the first automakers that will have to sell EVs without the benefit of a $7,500 federal tax credit. Congress failed to include legislation in a spending bill that would have tripled […]