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GM Makes Final $5.8B Payment to US and Canada; Investing $257M in Fairfax and Hamtramck Plants for Next-Gen Malibu

Green Car Congress

General Motors Company Chairman and CEO Ed Whitacre announced that GM has made its final payment of $5.8 billion to the US Treasury and Export Development Canada, paying back its government loans in full, ahead of schedule. billion to Export Development Canada) completes the payback of these loans. Today’s payment of $5.8

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Ford delays electric three-row SUV with new EV pickup arriving in 2026

Baua Electric

Ford is pushing back EV production at its Oakville, Ontario, plant as it shifts to expand its hybrid lineup. The American automaker sold 20,233 EVs in Q1 2024, topping rival General Motors with 16,425 electric cars delivered. Rivian’s R1S was the seventh best-selling EV in the US last year as the company scales production.

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GM adding two shifts, 2,500 Jobs to Detroit-Hamtramck Plant

Green Car Congress

General Motors is adding two shifts and about 2,500 hourly and salaried jobs at the Detroit-Hamtramck assembly plant to build the new Chevrolet Malibu mid-size sedan and the next-generation Impala large sedan alongside the Chevrolet Volt and Opel Ampera electric cars. Detroit-Hamtramck currently has 1,121 hourly and salaried employees.

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Lucid Motors unveils Lucid Air luxury electric sedan

Green Car Congress

Lucid Motors unveiled the Lucid Air battery-electric luxury sedan, which will start at less than US$80,000. With up to 1,080 horsepower available in a dual-motor, all-wheel-drive architecture, the Lucid Air is able to achieve quarter-mile times as quick as 9.9 seconds on a consistent, repeatable basis.

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Ohio State University Takes Top Spot at 2009 EcoCAR Competition with EREV Design

Green Car Congress

University students from The Ohio State University earned top honors at the 2009 finals of the EcoCAR : The NeXt Challenge competition in Toronto, Canada for their design of a Extended Range Electric Vehicle (EREV). The next-generation design predicts a 300% increase in fuel economy over the production 4-cylinder vehicle.

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EcoCAR Teams Roll Out Architectures; Plug-in Li-ion Packs and Renewable Energy Common Attributes

Green Car Congress

The 17 designs range from systems using on-board hydrogen fuel cells to full battery-electric vehicles. During the program, General Motors will provide production vehicles, vehicle components, seed money, technical mentoring and operational support. Extended Range Electric Vehicles (EREV).

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GM Files Voluntary Chapter 11; Agreements with US Treasury and Canada; New GM Expected in 60-90 Days

Green Car Congress

General Motors Corp. reached agreements with the US Treasury and the governments of Canada and Ontario for the creation of a smaller, self-sustaining “New GM”. Pending approvals, the New GM is expected to launch in about 60 to 90 days as a separate and independent company from the current GM.

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