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Over 42k Tesla supporters are urging Pres. Biden to acknowledge the company’s EV leadership

Teslarati

According to the Tesla supporters, the US President has shown a tendency to ignore Tesla’s leadership, with Biden instead propping up veteran automakers like General Motors as leaders in the country’s EV movement. Credit: General Motors. share of the US EV market in the fourth quarter. .

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Tesla stock (TSLA) rises following GM NACS deal

Teslarati

Tesla shares ( NASDAQ:TSLA ) surged over 5% on Friday amidst investors’ positive sentiments following the announcement that General Motors would be joining Ford in adopting the Texas-based EV maker’s North American Charging Standard (NACS) for its electric cars.

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Fitch Ratings: US automakers well positioned for weak demand in 2012; estimates break-even for Detroit 3 at 10.5M units

Green Car Congress

Relative to the last downturn, operating profiles are more resilient as a result of capacity reduction, lower fixed costs, and a more manageable labor cost structure linked to the recently ratified United Auto Workers (UAW) contracts. —“2012 Outlook: US Auto Manufacturers and Suppliers”. than was seen in 2010 and 2011.

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Ford Reaches Tentative Deal With UAW, Workers Return

The Truth About Cars

But this makes the brand look exceptionally good to the general public. Despite not having the best financial portfolio of the Detroit automakers, the Blue Oval was consistently offering the union the sweetest deals and can now take credit for being the company that finally paid up in hopes of ending the strike.

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UAW strikes: GM shuts down Kansas plant and lays off 2,000 workers

Teslarati

General Motors (GM) has shut down a manufacturing plant in Kansas and laid off the site’s roughly 2,000 workers after the automaker stated plans to do so last week. The news comes as the latest amidst strikes from the United Auto Workers (UAW) union targeting Ford, GM and Stellantis. We have delivered a record offer.

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GM Reaches Agreement with China-based Pacific Century Motors on the Sale of Nexteer Automotive

Green Car Congress

General Motors and Pacific Century Motors (PCM), an entity formed by The Tempo Group and E-Town, an affiliate of the Beijing Municipal Government, have reached an agreement for GM to sell GM Global Steering Holdings, LLC, commonly known as Nexteer, to PCM. Terms of the sale were not disclosed.

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Federal Bankruptcy Court Approves GM Asset Sale to New GM

Green Car Congress

Judge Robert Gerber of the US Bankruptcy Court for the Southern District of New York approved the sale of substantially all of General Motors Corporation’s assets to NGMCO, Inc., will change its name to General Motors Company and continue to operate under GM’s historic corporate and sub brands. Whitacre, Jr.

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