The Truth About Cars

DECEMBER 15, 2023

It was a timely turn of events for General Motors after the Orlando area TravTek experiment of 1992 proved either too costly to scale, or alternatively not valuable enough in the eyes of consumers. In 1984 GM completed a deal to purchase a company called Electronic Data Systems, or EDS. GM paid part of the $5.2B

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Green Car Congress

JULY 28, 2015

General Motors and SAIC Motor are enhancing their partnership through an agreement jointly to develop the core architecture and engine of a new vehicle family targeting global growth markets. The program is expected to grow to more than 2 million vehicles annually with the first entry planned for the 2019 model year.

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Chevrolet GM Global Market 150

Get Electric Vehicle

SEPTEMBER 6, 2022

As a result, companies have been able to streamline their production increasing competition. Consumer Reports pointed out that General Motors lost these EV tax benefits. More drivers may be able to purchase the new electric vehicle of their dreams because of these tax benefits given to the manufacturers. #

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Teslarati

JUNE 9, 2021

Lordstown Motors is based in Lordstown, Ohio, and the company purchased a 6.2 million square foot factory from General Motors in 2019. Lordstown Motors wants to join the electric pickup truck market too. The news sent shares down around 20% during midday trading on Wednesday, CNN says.

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Motoring Motor Motors F-150 71

EV Adoption

FEBRUARY 23, 2021

Buyers can claim a base credit of $1,250 for the purchase of qualifying used EVs, with additional incentives for battery capacity. But that jump had little to nothing to do with the tax credit, but was a result of Tesla scaling up production and sales of its popular Model 3. Chart Source: EV Volumes.

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Clean Fleet Report

AUGUST 24, 2021

Then in 2017 along came the CT6 PHEV , an electrified version of Cadillac’s full-size, flagship sedan, but 2019 saw the end of this car. General Motors, the parent company of Cadillac, announced by the year 2035 they will only be selling zero-emission vehicles. Cadillac is considered the only luxury brand at General Motors.

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Cadillac Escalade General Motors SUV 101

Wallbox

JANUARY 4, 2021

In fact, Wallbox became the first company to introduce a bidirectional charger for homes earlier this year, with the product quickly becoming one of the most talked-about technologies at CES and other tech conferences. Production tech: making EVs available to the masses.

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The Truth About Cars

OCTOBER 31, 2023

Despite rampant talk about how the United Auto Workers’ stand-up strike and its resulting deals would bankrupt the automotive sector, the union strategy appears to have ended up costing the industry less than the labor strike GM endured all by its lonesome in 2019. Earlier data shows General Motors losing $3.6

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Cars That Think

OCTOBER 1, 2021

In early 2019, Reuters estimated that the top 29 global auto manufacturers had already pledged to invest more than $300 billion towards developing electric vehicles (EVs) and supporting technologies including autonomous driving capability. It's not relevant for a buying decision," argues BMW Group CEO Oliver Zipse.

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Electric Cars Electrical Electric Cars 115

EV Adoption

NOVEMBER 26, 2021

To date, two manufacturers — Tesla and General Motors — saw the tax credit phaseout completely. The credit is not available for Tesla vehicles acquired after December 31, 2019 and General Motors EV purchased after March 31, 2020. Option to Convert the Tax Credit to a Time of Purchase Rebate.

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The Truth About Cars

SEPTEMBER 11, 2023

The deal is roughly on par with the 15 percent initially offered by Ford and 16 percent from General Motors. gross domestic product by $5.6 However, the situation hardly seems sustainable in the long term as fewer households can afford to purchase a new vehicle. “If percent over the next four years.

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Michigan General Motors GM Industry 113

The Truth About Cars

JUNE 24, 2024

The legislative text cites combating drunk driving as the HALT Act’s primary goal and it cites data from the Insurance Institute for Highway Safety (IIHS) stipulating that a significant number of fatal accidents from 2019 were the direct result of intoxicated motorists.

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United States Concept Standards Industry 109

Teslarati

AUGUST 7, 2021

But while the site hit the ground running thanks to Toyota’s highly efficient production techniques and its focus on teamwork, issues in the plant eventually arose. This is almost ironic, considering that as recently as 2019, about 48,000 unionized GM workers held a strike because the company was looking to adopt electric vehicles.

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Tesla GM Toyota Buick 145

Baua Electric

SEPTEMBER 19, 2024

GM CEO Mary Barra – Photo by Steve Fecht for General Motors In late 2019 Trump effectively nixed an extension of the tax credit for Tesla and GM, which had already reached their 200,000-vehicle caps under the former framework. Despite all the talk about imports, exports, and making products in the U.S.,

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Auto Industry Industry Industrial Auto 52