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GM and Chrysler Submit Updated Restructuring Plans; Up to $18.6B More Needed; Outlines for Product Plans

Green Car Congress

The plans, updated in the context of a worsening sales outlook for the entire auto industry, outline a need for up to an additional $16.6 billion in Federal support for GM and $2 billion for Chrysler; deeper job and brand cuts; as well as product plans for the surviving versions of the automakers. GM product plans.

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At CES, legacy automakers scramble to keep up in AI arms race – ET Auto

Baua Electric

Not so long ago, automakers boasted about horsepower and towing capabilities in their cars and pickups, but in the fast-changing world of technology that now dominates the auto industry, software-driven enhancements are prominent in consumers’ minds. The transition to software-dominated cars is challenging.

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USABC awards Cobasys $8.4M for the development of high-energy density Li-ion cells and packs for EVs

Green Car Congress

USABC is a subsidiary of the United States Council for Automotive Research LLC (USCAR), the collaborative automotive technology organization of Chrysler Group LLC, Ford Motor Company and General Motors Company, whose mission is to further strengthen the technology base of the domestic auto industry through cooperative research and development.

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Personal: One in a Million

Clean Fleet Report

In fact, it might not even be possible for the auto industry to produce that many EVs, although the rate of expansion is dizzying. If EV adoption continues on its current trajectory, it would be an easy goal, but keeping growth on the existing steep curve is highly unlikely. Behind the Numbers.

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Multi-nation survey reports consumers want electric cars. Now.

Plugs and Cars

There is an existing market for electric vehicles, especially among those who can afford the extra cost of limited-production new technology vehicles. There are no cars for sale. Consumers would be buying now if there were products,” says Gregor Matthies, a Munich-based partner at Bain who specializes in the auto industry.

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Rivian IPO: What you need to know

Teslarati

And as the company approached the production of the R1T pickup truck and R1S SUV, its losses grew. Couple that with this new issue the entire industry is dealing with, the chip crisis, that just adds another layer of complexity,” Drury noted. . Rivian’s Production Plans. ” Conclusion.

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At Home with Bob Lutz

Revenge of the Electric Car

Since we only had two days in Detroit, we weren’t able to do much more sightseeing, but we did meet Bishop Ellis, who heads Greater Grace Temple and famously held a “bailout” service for the auto industry in his mega-church with SUVs at the altar. Tags: In the Media Production Diary Bob Lutz Detroit GM Chevy Volt.

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