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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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GM and Stellantis Back Rare-Earth-Free Permanent Magnet

Cars That Think

For several years, the automobile industry has grappled with a straightforward question: Is it possible to produce a powerful, efficient, and mass-producible synchronous motor that contains no rare-earth elements at all? GM isn’t the only automaker on a hunt for rare-earth-free permanent magnets.

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

Teslarati

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. . “We need to come together to bring an end to this acrimonious round of talks.

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OnStar expanding to Brazil in Chevy Cruze

Green Car Congress

GM OnStar will launch its Emergency, Security, Navigation, Diagnostics and Connectivity services in Brazil on the Chevrolet Cruze later this year. OnStar services include: Security - Helps recover stolen vehicles. Emergency - Automatic Crash Response and 24/7 access to advisors to get help when it’s needed most.

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H2 Mobility initiative agrees on $474M plan for hydrogen refueling network in Germany; 400 stations by 2023

Green Car Congress

Accordingly the planned H2 Mobility joint venture will work closely together with the automobile industry. In addition to attractive procurement and operating costs for the vehicles, a need-related number of H 2 filling stations is one of the major preconditions for market success.

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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 to invest $700m in Volt rechargeable electric car. Tags: Production News Detroit GM Chevy Volt. By Richard Kessler for Recharge News.

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Thomson Reuters analysis finds automotive new propulsion technology patent activities surge 6-fold in 5 years

Green Car Congress

Both of these have a substantial lead over the other top propulsion assignees: Denso, GM, Honda, Daimler, Hyundai, Mitsubishi, Continental and Peugeot. For patent publications associated with inovations in the fuel economy of internal combustion engines, Hyundai was the leader, followed by GM and Ford.