The changes add new questions about the Detroit automaker's plans for future battery cell plants other than two current joint venture facilities with LG Energy Solution in North America. GM previously announced plans forfour of the multibillion-dollar plantsin the U.S. by 2026. Barra on Tuesday...
The other automakers will report their US delivery figures over the next few days. So while we wait, let’s assume that EV sales grew by only 10% in the US in 2024, dragged down by Tesla, after having grown by 46% ...
We've also decided to reopen the Orion assembly as a battery electric truck plant in mid-2026. The new timing is six months later than our plan heading into the year. We're confident that we can meet customer demand for standout EV trucks in the interim by leveraging the production capab...
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It starts with simple sentences like this. It’s not some dollar sign. It’s not some ethnographic study that says, “Wouldn’t it be amazing with technology when you’re driving?” Warrior’s fan full disclosure: I drive from south of [San Francisco] to Chase Center twice...
While the US government turned a profit on the TARP bank bailout, it lost money on the auto rescue from a strict dollar sense. GM received $49.5 billion from the Treasury Department, but taxpayers lost about $10.6 billion. Still, allowing the auto industry to go under would have been ev...
SoftBank has a multibillion-dollar stake in Nvidia, which has become a leading chipmaker that powers a lot of the autonomous cars being tested today. And German auto giant Daimler is a new (but relatively small) part of the $100 billion Vision Fund. (To add one more wrinkle, Daimler ...
January 3, 2021 at 10:50 am if GM wont make a dependable truck for 60,000 Toyota is sure to take over even with very poor gas mileage . Reply Brian says: April 12, 2018 at 3:19 am GM should recall every vehicle with this terrible design flaw! Every one of these eng...
The June episode for GM bond and credit default derivatives was unpleasant and highly disruptive. Gold then began its big rise, decoupled from the USDollar at that time also. Toss in the European Union votes against centralized power. Toss in the advent of euro and yen based carry trades to...