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SoftBank to invest $2.25B in GM Cruise; GM to add $1.1B; driving large-scale AV deployment

Green Car Congress

billion in GM Cruise Holdings LLC (GM Cruise), further strengthening the company’s plans to commercialize autonomous vehicle (AV) technology at large scale. GM will also invest $1.1 billion in GM Cruise upon closing of the transaction. The investments value GM Cruise at $11.5 SoftBank Vision Fund will invest $2.25

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UAW President: Tesla workers are union “members of the future”

Teslarati

In a response to Ford Motor Co. I still believe the automobile industry is a major force for good in our country. The UAW’s strike against Ford, General Motors (GM), and Stellantis has closed out its first month. Instead, they are the UAW’s future members.

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GM’s Volt Program = $700m

Revenge of the Electric Car

GM to invest $700m in Volt rechargeable electric car. “GM is spending $336m to upgrade the Hamtramck plant; $202m for a new plant in Flint, north of Detroit, that will build 1.4 “GM is spending $336m to upgrade the Hamtramck plant; $202m for a new plant in Flint, north of Detroit, that will build 1.4

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Ford Executive Chair Bill Ford Asks UAW to End Strike

The Truth About Cars

Ford Motor Company Executive Chairman Bill Ford has asked union members to come together and end the UAW strike before it hampers the business’ ability to invest in future products and facilities. Ford has 57,000 UAW workers compared with 46,000 at GM and 43,000 at Stellantis. GM and Stellantis are reportedly only offering 20 percent.

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How Carmakers Are Responding to the Plug-In Hybrid Opportunity

Tony Karrer Delicious EVdriven

GM has announced plans for public sales in 2010, and almost every carmaker now says it will sell PHEVs or highway-speed battery electric vehicles (BEVs) sometime after 2010. General Motors Chevy Volt series PHEV, which it calls "extended range electric vehicle" (EREV), part of "E-Flex" multi-fuel platform. Plans Saturn Vue PHEV-10.

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GM Says Chevrolet Volt Won't 'Pay the Rent' | Autopia from Wired.com

Tony Karrer Delicious EVdriven

" In other words, General Motors is going to lose its shirt until the Volt establishes itself in the marketplace. But it is a price that must be paid, and GM should be commended for remaining committed to the Volt. It isa fundamental change in direction for GM. GM is developing more fuel-efficient vehicles.

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Opinion: Biden’s Tesla snub shows that clout, not innovation, is driving the American EV revolution

Teslarati

Executives from the Detroit Big 3 were there, and for all intents and purposes, the event presented a venue for the administration and legacy automakers to somewhat pat themselves on the back for accepting sustainable transportation. “It was considered the worst workforce in the automobile industry in the United States.

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