Latest News

Latest News

GM settles $2 bln Bolt EV recall cost deal with S.Korea's LG

GM settles $2 bln Bolt EV recall cost deal with S.Korea's LG

Tuesday, October 12, 2021

SEOUL, Oct 12 (Reuters) - General Motors Co (GM.N) said on Tuesday its battery partner, South Korea's LG Electronics Inc (066570.KS), had agreed to reimburse it for the $2 billion estimated in costs and expenses associated with the recall of Bolt electric vehicles.

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GM-backed Cruise targets 1 million self-driving vehicles by 2030

GM-backed Cruise targets 1 million self-driving vehicles by 2030

Thursday, October 7, 2021

DETROIT – Cruise, General Motors’ majority-owned autonomous vehicle subsidiary, is targeting a fleet of at least 1 million self-driving vehicles by 2030.

During a GM investor event Wednesday, Cruise CEO Dan Ammann showed a graphic of the division’s “exponential Cruise fleet ramp.” The graph pointed to Cruise scaling its operations 1 million or more vehicles by the end of the decade.

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GM aims to double revenues by 2030 as it drives to pass Tesla

GM aims to double revenues by 2030 as it drives to pass Tesla

Thursday, October 7, 2021

DETROIT, Oct 6 (Reuters) - General Motors Co (GM.N) Chief Executive Mary Barra told investors on Wednesday that the automaker plans to double revenue by 2030, expanding profits from combustion vehicles even as it rolls out new electric vehicles and new digitally powered services to catch up with Tesla Inc (TSLA.O).

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GM, GE look to develop rare earth materials supply chain

GM, GE look to develop rare earth materials supply chain

Wednesday, October 6, 2021

General Motors and General Electric are looking at developing a supply chain of rare earth materials that help make electric vehicles and renewable energy equipment.

The companies said Wednesday that the memorandum of understanding between the automaker and GE Renewable Energy will evaluate options to improve supplies of heavy and light rare earth materials as well as magnets, copper and electrical steel.

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GM may double revenues as it pivots to increased capacity for EV assembly at factories

GM may double revenues as it pivots to increased capacity for EV assembly at factories

Wednesday, October 6, 2021

General Motors secured its pivot to a high-tech future Wednesday by announcing plans to convert more assembly plants in North America to make electric vehicles by the end of the decade and to double company revenues by that time as it unveils more software and new EVs.

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Toyota to assemble fuel cell modules at Kentucky plant in 2023

Toyota to assemble fuel cell modules at Kentucky plant in 2023

Monday, October 4, 2021

GEORGETOWN, Ky.  — After thousands of miles of real-world testing in the harsh environment of commercial trucking, Toyota is preparing to further expand its portfolio approach to products by taking its groundbreaking hydrogen-powered fuel cell electric technology from prototypes to production in its efforts toward carbon neutrality.

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NYC unveils plan to build one of the largest electric vehicle charging networks in U.S.

NYC unveils plan to build one of the largest electric vehicle charging networks in U.S.

Thursday, September 9, 2021

STATEN ISLAND, N.Y. -- Over the next decade, New York City will create one of the country’s largest electric vehicle charging networks in an effort to reduce the city’s greenhouse gas emissions and combat climate change.

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New York sets 2035 zero-emission passenger car goal

New York sets 2035 zero-emission passenger car goal

Wednesday, September 8, 2021

Sept 8 (Reuters) - New York Governor Kathy Hochul on Wednesday signed into law a bill that sets a goal for all new passenger cars and light-duty trucks to be zero-emission models by 2035, joining the state of California in attempting to eliminate gasoline-powered vehicles.

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Honda and GM to share EV platform, with new electric cars on sale from 2024

Honda and GM to share EV platform, with new electric cars on sale from 2024

Wednesday, September 8, 2021

Japanese auto giant Honda will reportedly share its new EV platform designs with American auto giant General Motors, and start selling EVs in the North American market made with over 50% of the same parts as GM cars.

According to Nikkei Asia, the two companies have come to an agreement to share Honda’s e:Architecture EV platform – the basic structure upon which a vehicle’s body and key components are then built.

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Toyota to Spend $9 Billion on Electric-Car Battery Plants

Toyota to Spend $9 Billion on Electric-Car Battery Plants

Tuesday, September 7, 2021

TOKYO— Toyota Motor Corp. said it would spend $9 billion over the next decade to build factories for electric-car batteries as it gears up to sell two million electric cars annually by the end of the decade.

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