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General Motors provided an image of the new Chevrolet Agile, a small car designed in Brazil and due to launch in that market in October. 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. The 2010 Agile.
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
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. Terms of the sale were not disclosed.
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. Among their findings: General Motors leads the partnership race.
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.
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.
The US Department of Energy has closed its $465 million loan with Tesla Motors, Inc. The Palo Alto facility will assemble electric vehicle battery packs, electric motors, and related electric vehicle control equipment, both for Tesla’s own electric vehicles and for sale to other automobile manufacturers. billion to Ford Motor Company.
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 (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.
In a newly published SAE paper, a team from Ford, General Motors and AVL argues that the exclusive use of a match blending approach to prepare ethanol-gasoline blends for regulatory emissions testing “has fundamental flaws”. Earlier post.). Earlier post.).
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.
It's hard to keep things secret in the autoindustry. So when Bloomberg reported yesterday that German luxury maker BMW had broken off talks with General Motors on joint development of fuel cells, writer Dorothee Tschampa explained why.
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. General Motors Corporation. Production of high-volume battery packs for the GM Volt. General Motors Corporation.
The Ohio State University has taken first place in the final year of EcoCAR 3, an Advanced Vehicle Technology Competition, sponsored by the US Department of Energy (DOE) and General Motors Co. Industry and government officials judged the presentations. This is OSU’s fourth consecutive win. Horiba; DENSO; Champlain Cable Corp.;
General Motors is working with communities such as San Francisco to develop a plan of action to establish the supporting technical and policy infrastructure required for broad commercialization of plug-in electric vehicles such as the upcoming Chevrolet Volt. GM described its approach at the Washington Auto Show. Earlier post.).
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.
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.
Tesla shares ( NASDAQ:TSLA ) surged over 5% on Friday amidst investors’ positive sentiments following the announcement that General Motors would be joining Ford in adopting the Texas-based EV maker’s North American Charging Standard (NACS) for its electric cars. “This is a major win for Tesla. per share on Friday.
"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 year, Ford Motor Co.
USAMP, a collaborative organization of Chrysler Group LLC, Ford Motor Company and General Motors, will work in cooperation with the A/SP on the project to demonstrate the applicability of ICME for the development and deployment of 3GAHSS for passenger vehicle weight reduction. and General Motors Co. and General Motors Co.
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
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.
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.
General Motors’ (GM) support for Tesla’s North American Charging Standard (NACS) might be trouble for Electrify America. The theory is gaining some legs now that General Motors has decided to support the NACS. Support from Ford and GM are steps in the right direction for Tesla’s NACS goal.
The pair of auto-industry stars is Bob Lutz, former product czar at General Motors and still a part-time behind-the-scenes advisor to newly minted CEO Dan Akerson, and Elon Musk.
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!
Search engine giant Google is looking for partners within in the autoindustry to help launch one of the most significant applications of artificial technology over the next several years, the self-driving car. —Allen Taub, former GM VP, Global R&D. by Bill Cooke. We’re not perfect; the technology is nowhere near ready.
And in the last two weeks, one of the largest utility companies in the United States, Pacific Gas & Electric, announced plans to work with General Motors in experiments with their bidirectional charging technologies. No word yet on which EVs will take part. (GM
According to the Tesla supporters, the US President has shown a tendency to ignore Tesla’s leadership, with Biden instead propping up veteran automakers like General Motors as leaders in the country’s EV movement. Credit: General Motors. “In the autoindustry, Detroit is leading the world in electric vehicles.
The company was transitioning to electric vehicles , but it trailed GM in profitability, and Fords chief executive, Jim Farley , was trying to clamp down on costs. That power is then fed into an electric motor, or sometimes multiple motors for extra power or to produce all-wheel drive. Its no longer an art form.
As I get ready this morning to head over to the Lutheran Church in Gardena to participate in this national day of service by helping to prepare meals for my less fortunate neighbors, I want to thank the autoindustry for giving me a great laugh at their expense. Even MORE money for GM? spokesman Greg Martin said. Really Bob?
EV sector could be challenged by General Motors, who has solidified plans to sell at least 1 million EVs by 2025. However, GM’s popular Bolt EV will be sidelined for the remainder of the year. The autoindustry will produce roughly 7.7 The shortage will cost the industry around $210 billion in revenue.
Upcoming electric passenger vehicles and light trucks from GM get most of the attention, but its new commercial EV brand is a quiet and very serious push too. Many US drivers now have a vague idea that General Motors is doing something with electric vehicles. The BrightDrop Zevo 600. Photo courtesy of BrightDrop.
Toyota and GM are the autoindustry's heavyweights. Each has stumbled this year; General Motors collapsed into bankruptcy and Toyota is beset with embarrassing recalls that may dent its reputation for reliability. Each also has a plug-in car coming.
Before its use of illegal "defeat device" software was discovered, many autoindustry executives were baffled by Volkswagen's ability to make diesel cars meet U.S. One of them was former General Motors car czar and outspoken industry figure Bob Lutz. emissions standards.
General Motors (GM) temporarily discontinued its advanced driver-assist system, called Super Cruise, due to the chip shortage. Tesla Autopilot loses its strongest rival as GM halts Super Cruise rollout. Overall, Rivian’s potential software service offerings reveal the changing landscape in the autoindustry.
Honda did a deal with GM to develop its own electric SUV, the Prologue, on Blazer EV underpinnings. The secret to this remarkable debut lies in a deal announced back in 2020 between Honda and General Motors. Honda did a deal with GM to develop its own electric SUV, the Prologue, on Blazer EV underpinnings. Is it really a Honda?
General Motors does not expect to build as many electric cars as initially planned this year. On Tuesday, CFO Paul Jacobson announced GM aims to build 200K to 250K EVs in 2024, down from its previous target of 200K to 300K, citing slower-than-expected EV demand in the US. GM has a wide range of new EVs rolling out this year.
General Motors does not expect to build as many electric cars as initially planned this year. On Tuesday, CFO Paul Jacobson announced GM aims to build 200K to 250K EVs in 2024, down from its previous target of 200K to 300K, citing slower-than-expected EV demand in the US. GM has a wide range of new EVs rolling out this year.
This led to his notorious “You led” quote about Mary Barra, who is General Motors’ CEO. US President Biden pats GM CEO’s back: “You electrified the entire autoindustry. While Biden has been a main driver of the EV story, he has refused at many points to mention Tesla when discussing the sector.
In its “2012 Outlook: US Auto Manufacturers and Suppliers”, Fitch assigns the industry a Positive Rating, expecting the credit profiles of the US OEMs and auto suppliers to generally strengthen in 2012, assuming that global economic conditions do not weaken materially from current trends. than was seen in 2010 and 2011.
Car rental companies have long pledged to make the transition alongside their autoindustry partners, and Hertz recently announced that it would be adding the Cadillac Lyriq and Chevy Silverado EV.& Automakers are going electric, which means that all the companies that rely on them will have to adapt.
The China Passenger Car Association (CPCA) announced on March 9 the top selling models and car companies in China in February, presenting a panoramic view of the Chinese autoindustry. 4 Li Auto L8 8,192 NA NA 5 Li Auto Li L9 7,299 NA NA 6 BMW X5 7,034 NA NA 7 Mercedes-Benz GLB 5,954 3,030 96.5% 8 NIO 12,157 6,131 98.3%
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