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SoftBank to invest $2.25B in GM Cruise; GM to add $1.1B; driving large-scale AV deployment

Green Car Congress

We are very impressed by the advances made by the Cruise and GM teams, and are thrilled to help them lead a historic transformation of the automobile industry. Photo by Steve Fecht for General Motors). The GM Cruise approach of a fully integrated hardware and software stack gives it a unique competitive advantage.

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European Auto Industry Expresses Concern Over Iron Ore Price Hikes

Green Car Congress

The European automobile industry expressed concern about the “ sudden and massive ” increase in the price of iron ore, a crucial material for producing steel. The automobile industry needs broad access to raw materials at competitive conditions, especially in times of fragile economic circumstances, ACEA said.

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Is China making U.S. irrelevant to the future of automobiles?

Green Car Reports

The first automobile was invented in Germany in 1885 by Karl Benz, but it was the U.S. that led the building of the global 20th-century automobile industry. new-vehicle market was the world's largest, and General Motors was for decades the world's largest car company. Neither of those is still the.

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Study of Sustainable Value in Automobile Manufacturing Finds Mixed Performance for Most OEMs, BMW and Toyota as the Clear Leaders

Green Car Congress

Daihatsu, on the other hand, generally fell just within the negative zone. The study also highlights the potential improvement that a car giant like General Motors has in how it could improve its long-term sustainability performance. In the group of smaller producers, Isuzu showed a noticeable improvement.

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Thomson Reuters analysis finds automotive new propulsion technology patent activities surge 6-fold in 5 years

Green Car Congress

In contrast, the United States’ one representative in the top 10 assignees, General Motors, is seventh on the list, with short of 3,000 patents. Companies as diverse as General Motors, LG and United Parcel Service are actively patenting in the field.

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GM’s Volt Program = $700m

Revenge of the Electric Car

litre engine-generators; $43m for a plant in Brownstown Township outside Detroit that will manufacture battery packs; $37m for a camshaft and connecting rod plant in Bay City, north of Flint; and $27m for GM’s Tech Center in suburban Warren, a Detroit suburb, location of Volt’s battery laboratory.&#. Michigan has approved $135.2m

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Hyundai invests more in Georgia to produce hybrids

Teslarati

Earlier this year, General Motors CEO Mary Barra talked about bringing the company’s plug-in hybrid electric vehicles (PHEVs) to North America. During its recent earnings call, however, Tesla reiterated its stance that EVs are the future of the automobile industry. Ford postponed EV launches to focus on hybrid production.

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