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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? For every 100 kilowatts of peak power, an EV motor uses an average of 1.2

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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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Study of Sustainable Value in Automobile Manufacturing Finds Mixed Performance for Most OEMs, BMW and Toyota as the Clear Leaders

Green Car Congress

GM has consistently produced only a negative Sustainable Value, and reveals a downside trend over the entire review period. The study also highlights the potential improvement that a car giant like General Motors has in how it could improve its long-term sustainability performance. GM achieved a sustainable value of -€9.87

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

Green Car Congress

An analysis of the global automobile industry’s recent patent activity by the Intellectual Property & Science business of Thomson Reuters has found a massive commitment from carmakers and their suppliers to new propulsion technology. miles per gallon – and the industry is working diligently to comply. Click to enlarge.

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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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Letting in the Light

Electric Auto Association

Later, in graduate school at Virginia Tech, he became part of a group of engineers who visited local schools to help enhance the STEM curriculum with hands-on building of solar electric and small motor project activities. “We It was like the early days of the automobile industry when everything was so scattered,” Smith explained.

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