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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. While the number of locations will dwindle to just 560, Cadillac will open new showrooms in well-established areas and cities like New York City, Beverly Hills, Atlanta, and San Francisco.

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GM Maven introduces monthly offering for members; vehicles include the Chevrolet Tahoe and Chevrolet Volt

Green Car Congress

Maven, General Motors’ personal mobility brand, has expanded its offerings to include a new monthly service, Maven Reserve. In 13 months, Maven has launched three products and has grown to 17 cities in the U.S. Maven members pay a monthly fee to reserve a new GM vehicle loaded with technology for 28 days.

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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

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. Unilever; Vattenfall; Zenith; Zurich.

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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

billion in grants to US-based manufacturers to produce batteries and their components and to expand battery recycling capacity; $500 million in grants to US-based manufacturers to produce electric drive components for vehicles, including electric motors, power electronics, and other drive train components; and. General Motors Corporation.

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

EV Adoption

The as-of-yet unnamed truck will be offered in dual- or rear-motor configurations, with output ranging up to 600 horsepower and 550 pound-feet of torque. 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. Kia EV6 | Source: Kia.

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Inflation Reduction Act boosts EV investment in the US

Teslarati

Last year, General Motors announced a $7 billion plan to expand electric vehicle and EV parts manufacturing in Michigan. In September, Samsung SDI announced it would double its EV battery production in Michigan for a total capital investment of $41 billion. Ford isn’t the only automaker investing in Michigan.

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