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GM’s Cadillac set to eliminate 40% of dealerships in $274M restructuring project

Teslarati

General Motors’ Cadillac brand is set to eliminate around 40% of its U.S. GM is one of the largest automotive brands globally and has been involved in the development of electric vehicles for several years, thanks to the Bolt, an EV under the automaker’s Chevrolet brand.

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GM, finally, ramps up Cadillac Lyriq to meet demand for luxury SUVs

Baua Electric

2024 Cadillac Lyriq Sport trim (Source: Cadillac) General Motors says it is responding to a strong demand for luxury EVs by ramping up production of its Cadillac all-electric Lyriq SUV this year. The company says it has resolved its battery module production problems that have plagued sales for the last two years.

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COP26 declaration on accelerating the transition to 100% zero emission cars and vans

Green Car Congress

The declaration is not legally binding and is focused on a global level. We will work together to overcome strategic, political, and technical barriers, accelerate the production of zero emission vehicles and increase economies of scale, to make the transition faster, lower cost, and easier for everyone. —COP 26 Declaration.

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President Obama Announces 48 Projects to Receive $2.4B in Grants for Next-Generation of Batteries and Electric Vehicles; To be Combined with $2.4B in Industry Cost-Share

Green Car Congress

Production of nickel-cobalt-metal battery cells and packs, as well as production of battery separators (by partner Entek) for hybrid and electric vehicles. Production of manganese oxide cathode / graphite lithium-ion batteries for hybrid and electric vehicles. General Motors Corporation. DOE Award ($mil.).

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Canoo Pickup, Kia EV6, Honda and Mini EV Plans: EV Week in Review – Mar 9-15

EV Adoption

Toyota Teases New X Prologue BEV – The world’s biggest automaker has teased its first ever global electric vehicle (EV) with a sneak picture ahead of the March 17 launch. The link to the reveal was posted only on its European site, which may indicate that its first production EV outside China will be available only in Europe.

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