China’s SAIC Aims to Slash Jobs at GM, VW Ventures and EV unit, Sources Say
CHINA’S SAIC Motor aims to cut thousands of jobs this year at its joint ventures with General Motors and Volkswagen and at an electric-car unit, two people with knowledge of the matter told Reuters. The state-owned automaker hopes to cut…
Stellantis Leapmotor Deal Wins Mixed Reviews As It Seeks EV Traction
Stellantis’s deal with Leapmotor of China was welcomed by some analysts as vital in its bid to survive, or even thrive, as the electric car revolution gains pace. Some though considered it a bit risky. Stellantis, with its huge collection…
GM Continues To Book Profit Amid Headwinds, Looks To Execute EV Strategy
General Motors Co. CEO Mary Barra says the company is in “execution mode” for its electric vehicles and again touted its plans while reporting a first-quarter profit Tuesday — the same day crosstown rival Ford Motor Co. celebrated the launch…
GM Moves To Secure Critical U.S.-Sourced Lithium For Electric Vehicle Batteries
General Motors is moving to secure U.S.-sourced lithium, a metal crucial to electric vehicle batteries, through a strategic investment and partnership with a company called Controlled Thermal Resources. GM announced the deal as a way to accelerate the adoption of…
GM, LG Form Partnership To Deliver ‘Game Changer’ Battery Scrap Recycling
General Motors Co. and battery cell manufacturing partner LG Energy Solution are partnering with a Canadian company to recycle battery cell manufacturing scrap — a move that aims to achieve environmental goals and cut costs. Ultium Cells LLC, a joint…
GM Introduces Ultium Charge 360
General Motors introduced Ultium Charge 360, a holistic charging approach that integrates charging networks, GM vehicle mobile apps, and other products and services to simplify the overall charging experience for GM electric vehicle owners. Ultium Charge 360 builds on GM’s…
GM Expected To Announce Tennessee Battery Plant
General Motors is expected to announce one of its joint ventures will build a second U.S. electric vehicle battery factory in Spring Hill, Tennessee. The Detroit automaker has scheduled a news conference in Nashville with CEO Mary Barra, Tennessee Gov….
China And The United States Are Battling For EV Dominance
Electric vehicles were the story of the year throughout 2020, but a battle in the EV industry could bust the market wide open in 2021. While Tesla was the one grabbing headlines in the United States, with over 700% gains…
General Motors Plans To Be Carbon-Neutral By 2040; Eliminate LDV Tailpipe Emissions By 2035
GM plans to become carbon-neutral in its global products and operations by 2040 and has committed to setting science-based targets to achieve carbon neutrality. The company has also signed the Business Ambition Pledge for 1.5⁰C, an urgent call to action…
Microsoft (MSFT) Invests In Self-Driving Electric Car Venture
Microsoft Corporation (MSFT) has “entered a long-term strategic relationship” with General Motors Company (GM) and Cruise LLC, a company developing self-driving electric vehicles that is majority-owned by GM. Cruise CEO Dan Ammann stated: “Microsoft, as the gold standard in the…
