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The Agile is the first model of the Viva family; Project Viva represents a US$400 million investment by GM un Brazil and Argentina. GM began doing business in Brazil in 1925. GM was the first company in the Brazilian autoindustry to provide 100% of its spark-ignited vehicles as flex-fuel.
GM China Advanced Technical Center’s Cell Fabrication Lab in Shanghai recently produced its first batch of battery cells. These systems are expected to be more affordable for GM customers around the world and help GM expand vehicle electrification. —John Du, Director of GM China’s China Science Lab.
General Motors today will purchase 200 million shares of GM common stock held by the US Department of the Treasury for $5.5 The share buyback is part of the Treasury’s plan, also announced today, to fully exit its entire holdings of GM stock within 12 to 15 months, subject to market conditions. billion, or $27.50
US President Joe Biden was at the inauguration of GM’s Factory Zero yesterday, the company’s first electric vehicle factory, and he gave a speech in which he gave credit to GM CEO Mary Barra for “electrifying the entire autoindustry.” ” Fact check: Biden is dead wrong about that.
However, we find different OEMs have dramatically different approaches—their strategies today will change the shape of the autoindustry in decades to come. Lux Research analysts examined the growing web of cross-cutting industry relationships. —Kevin See, Lux Research Analyst and the lead author.
Former General Motors (GM) executive Terry Woychowski, who is now President of engineering consultancy Caresoft Global, called the arrival of the Seagull a “clarion call for the rest of the autoindustry,” adding that it’s a “significant event” (via CNBC ). auto sector,” the organization writes.
General Motors, which has a long history of crash test dummy design, is leading current research on the potential for global autoindustry use of a test dummy that would help automakers and safety experts better understand how crash victims are hurt in rear impacts. The BioRID ATD. Click to enlarge.
Today on Green Car Reports: The autoindustry is making good progress in meeting gas-mileage goals, why dealers are a bottleneck for electric-car sales, and the 2015 Chevrolet Colorado and GMC Canyon mid-size pickup trucks are on their way to showrooms. All this and more on Green Car Reports.
In conjunction with the start of Auto China 2014 in Beijing, GM China President Matt Tsien announced that GM’s China joint ventures will make capital expenditures of about $12 billion between 2014 and 2017. That investment will help GM step up its pace by funding facility and capacity expansion and new product programs.
General Motors and Pacific Century Motors (PCM), an entity formed by The Tempo Group and E-Town, an affiliate of the Beijing Municipal Government, have reached an agreement for GM to sell GM Global Steering Holdings, LLC, commonly known as Nexteer, to PCM. Girsky, GM vice chairman, Corporate Strategy and Business Development.
Tuopu is an auto parts supplier that services a wide variety of brands, from Geely and SAIC to Ford, GM, Volkswagen, and other major automakers. Ltd (Tuopu) recently stated in its most recent earnings call that Tesla has a five year gap on other car companies, Teslarati reported. Teslarati learned […].
Tesla has jumped ahead of the autoindustry in. continued] The post Top Tesla Gigacasting Supplier Gets Acquired By GM! Here’s a story from left field that we didn’t see coming! appeared first on CleanTechnica.
Toyota (Japan) is the overall global leader in autonomous automotive innovation, followed by Bosch (Germany), Denso (Japan), Hyundai (South Korea) and GM (US). GM is the top innovator in Telematics, followed by Hyundai, Marvell (US), LG and Denso. To the contrary, automotive bellwethers are the ones in the driver’s seat.
General Motors (GM) and GlobalFoundries (GF) have entered a strategic, long-term agreement establishing a dedicated capacity corridor exclusively for GM’s chip supply. We see our semiconductor requirements more than doubling over the next several years as vehicles become technology platforms.
Within his talk about the need for a US energy policy at the IHS CERAWeek 2013 energy conference in Houston, GM Chairman and CEO Dan Akerson outlined some highlights of the company’s fuel economy plan through the 2016 model year. GM, said Akerson, is doing a much better job optimizing mass efficiency. Clean diesel. Earlier post.).
It’s not Volkswagen, the legacy automaker that Elon Musk states is the most serious one in the EV transition, nor is it GM and Ford, both of which are looking to release numerous EVs over the coming years. The post Elon Musk finally names Tesla’s main rival—and it’s way bigger than the autoindustry appeared first on TESLARATI.
Those wishing to participate will be able to tie into the multi-site webchat from Green Car Congress tomorrow, as well as directly on GM’s FastLane Blog , the EV World site, or the GM-Volt site. GM is focused on the first two pillars: leading plug-in technology vehicles and the enabling technologies. Tony Posawatz. Source: EPRI.
announced that former GM executive Robert C. From 1994 to 2002, Purcell led the GM Advanced Technology Vehicles Group (GM ATV). In addition to his responsibilities at GM ATV, he also served as chairman of the GM-Ovonic Advanced Battery Joint Venture. Click to enlarge. Li-ion manufacturer Boston-Power, Inc.,
Comparing the 3rd quarter of 2021 to the 3rd quarter of 2020, US Tesla sales were up 67% while overall US auto sales were down 13%. Compared to 2019, the difference was even more stark — Tesla sales were up 104% and US auto sales were down 22%.
In their paper, the researchers from Ford, GM and AVL note that: Modification of gasoline blendstock composition in preparing ethanol-gasoline blends has a significant impact on vehicle exhaust emissions.
Android Auto made its debut at the 2014 Google I/O annual technology conference in San Francisco as the first innovation resulting from the Open Automotive Alliance (OAA)—a coalition of tech companies and autoindustry leaders launched in January by Google, NVIDIA, Audi, GM, Honda and Hyundai committed to bringing the Android platform to cars.
GM described its approach at the Washington Auto Show. A partial draft checklist of stakeholders and enablers to help guide cities in making their regions plug-in friendly suggested by GM includes: Draft Checklist for a Plug-in Ready City. Ed Peper, GM North America vice president, Chevrolet. Required Stakeholder.
However, there is no apparent correlation identified between the level of investment announced and expected contribution to growth as can be seen in the case of Ford, Stellantis and GM. Nevertheless, the investment announced remain important for automakers from a perspective of sustaining the ongoing disruptions in the automotive industry.
As required by the loan agreements signed in December 2008, GM and Chrysler submitted their updated restructuring plans showing a pathway to achieve financial viability to Congress on Tuesday. The plans, updated in the context of a worsening sales outlook for the entire autoindustry, outline a need for up to an additional $16.6
Teams also spent several days presenting to judges and proving how they have developed into the next generation of engineers and business leaders who are prepared to enter the autoindustry and related careers. Industry and government officials judged the presentations. Horiba; DENSO; Champlain Cable Corp.;
Ford (F) and General Motors (GM) are gearing up for likely the biggest transformation the autoindustry has ever seen. Will GM and Ford hit their EV targets? more… The post Can Ford and GM hit their EV targets? more… The post Can Ford and GM hit their EV targets? Let’s see what analysts have to say.
The last domino has fallen, with UAW and GM reaching a deal to end the autoindustry strike. Now, tentative deals have been met with all three auto companies, which means the strike is over. more… The post UAW reaches deal with GM, ending auto strike with big win for workers appeared first on Electrek.
It's hard to keep things secret in the autoindustry. It appears BMW jilted GM because it found a more attractive partner for its advanced powertrain activities.
General Motors (GM) and Stellantis are poised to receive over $1 billion from the Biden administration to support the automakers’ electric vehicle projects. These include $500 million for GM’s Lansing Grand River Assembly plant in Michigan, $334.8 Don’t hesitate to contact us with news tips.
Although Tesla spends $0, the decline in ad spending could be an indicator of troubles for an industry trying to compete with Tesla’s EV lead. Reuters reported that the autoindustry’s ad spending fell to $4.8 billion between January and July 2022 or 4% year-on-year. Compared with the same period in 2019 ($5.50
Share prices of several popular automakers are under pressure after UBS analyst Patrick Hummel warned investors Monday that the US autoindustry will likely face hurdles ahead. Both General Motors (GM) and Ford (F) stock prices are down today on the news as investors grapple with what’s next for the US automakers.
Audi, GM, Google, Honda, Hyundai and NVIDIA have formed the Open Automotive Alliance (OAA), a global alliance of technology and autoindustry leaders committed to bringing the Android platform to cars starting in 2014. The OAA approach offers openness, customization and scale.
"GM tries to unplug Volt hype" is not the headline I've been hoping to see out of Motor City this spring. But there it is in a Detroit News Autos Insider piece today. Just weeks after announcing production, perhaps, in 2010, the industry's hometown paper lets us know this is no done deal.
Last night, the Union launched a strike against Ford, GM, and Chrysler/Stellantis, taking almost 13,000 workers off production lines and factory floors across the country. After weeks of speculation over whether the UAW and Big Three automakers would come to an agreement, we have our answer: They didn’t.
Industry officials expect that this $2.4 billion in cost-share from the award winners, will result directly in the creation tens of thousands of manufacturing jobs in the US battery and autoindustries. Production of high-volume battery packs for the GM Volt. billion investment, coupled with another $2.4 EnerDel, Inc.
GM and Ford’s NACS adoption also puts pressure on other automakers to adopt Tesla’s charging system as well, which is considered to be among the best in the industry. Tesla bull Dan Ives of Wedbush Securities dubbed GM’s adoption of the NACS as a notable tailwind for the electric vehicle maker.
The Detroit News reported that GM has decided to produce the Cadillac Converj, an extended range electric vehicle derived from the Voltec platform. Cadillac included the Converj concept car at the 2009 North American International Auto Show. percent this year, the steepest decline among GM’s four core brands. Earlier post.)
I write a monthly column for the Electric Auto Association newsletter, Current EVents. As March came to a close, the Obama administration found GM and Chrysler’s restructuring plans “not viable.” GM CEO Rick Waggoner was pushed out and the company got sixty days to get its act together. Here's my April column.
It will help build a customer base and begin laying the foundation for American leadership in the growing electric vehicles industry. This is part of a sustained effort to develop and commercialize technologies that will be broadly deployed throughout the American autoindustry. Energy Secretary Steven Chu.
autoindustry about when, not if, Chinese automakers will enter the U.S. So, without further ado, I give you the early days of the GM partnership with SAIC Wuling! Liuzhou Wuling Automobile Company was a provincial mini-van maker before the formation of the SAIC GM Wuling joint venture (SGMW) in 2002. I was the first!
EcoMotors International, a Khosla-funded startup working to commercialize a diesel opoc (opposed-piston, opposed-cylinder) engine ( earlier post ), has named autoindustry veteran Donald Runkle as its new CEO. EcoMotors was founded in 2008 by Prof.
GM technical fellow and USAMP’s technical program leader on the project. The goal of USCAR is to further strengthen the technology base of the domestic autoindustry through cooperative research and development. —Lou Hector Jr., and General Motors Co.
In these turbulent times, we wanted to know how the Vice Chair of GM was getting along. Since we only had two days in Detroit, we weren’t able to do much more sightseeing, but we did meet Bishop Ellis, who heads Greater Grace Temple and famously held a “bailout” service for the autoindustry in his mega-church with SUVs at the altar.
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