WASHINGTON — A joint venture between General Motors and South Korean battery company LG Energy Solution is set to receive a $2.5 billion loan from the Energy Department to build battery cell factories for electric vehicles in three states.
July 26, 2022Government, Business, Fuel
DOE Lends $2.5 Billion to GM Venture for EV Batteries
Business, Technology, Equipment
GM Misses Profit Estimates as Chip Shortage Crimps Output
General Motors Co. reported weaker second-quarter profit than analysts’ estimates as semiconductor shortages kept production volumes in check. The automaker also warned it is bracing for tougher times ahead.
July 26, 2022Business, Fuel
With Blazer EV, GM Now Has a Rival to Tesla’s Model Y
General Motors Co. will start selling a battery-powered Chevrolet Blazer next year, giving it a direct competitor to Tesla Inc.’s Model Y, the nation’s best-selling electric SUV.
July 19, 2022Business, Technology, Equipment, Fuel
GM’s Mary Barra Stands By Ambitious EV Pledge
NEW YORK — The economy is a bit wobbly, but General Motors CEO Mary Barra isn’t backing off of an audacious prediction: By the middle of this decade, her company will sell more electric vehicles in the U.S. than Tesla, the global sales leader.
July 18, 2022Business, Technology, Fuel
GM, Honda Unveil Plan to Build Millions of Small EVs
General Motors Co. and Honda Motor Co. will jointly develop affordable electric vehicles for the most popular segments in large global markets, starting with North America in 2027.
April 5, 2022Business, Technology, Autonomous
GM Buys SoftBank’s $2.1 Billion Stake in Cruise
General Motors Co. bought out the SoftBank Vision Fund 1’s stake in self-driving startup Cruise for $2.1 billion, ending the Japanese investment firm’s stake in the business and giving the Detroit automaker 80% ownership.
March 18, 2022Government, Business, Technology, Equipment, Safety
GM Loses Bid to Skip Recall for Lights That Are Too Bright
DETROIT — General Motors has lost a bid to avoid recalling about 727,000 small SUVs in the U.S. with headlight beams that can be too bright and cause glare for oncoming drivers.
March 4, 2022Business, Equipment, Safety, Fuel
GM to Resume Bolt Production as Fix Found for Battery Fires
General Motors Co. will resume production of the Chevrolet Bolt and larger Bolt EUV electric vehicles in April after the automaker and its battery partner, an LG Group company, found a solution to its manufacturing gaffes.
February 15, 2022Business, Technology, Fuel
GM’s $6.5 Billion Electric Truck Blitz Wins Michigan Incentives
General Motors Co. plans to spend $6.5 billion on an electric pickup plant and battery factory in Michigan thanks in part to a $1.8 billion incentive package put together by the state to make sure the automaker didn’t take a big piece of its EV business elsewhere.
January 25, 2022Business, Technology, Equipment, Fuel
GM to Spend $6.5 Billion on Michigan EV Factories
LANSING, Mich. — General Motors is poised to announce the week of Jan. 24 major electric vehicle investments in Michigan, with plans to spend $6.5 billion and create up to 4,000 new jobs at two plants.
January 21, 2022