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General Motors (GM) secures tentative deal with UAW, ending strike

Teslarati

General Motors (GM) and the United Auto Workers (UAW) union have reached a tentative agreement, ending a six-week strike that has cost the automaker billions of dollars in lost production. The deal, which must still be ratified by UAW members, is the final one to be reached between the union and the Detroit Big Three.

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General Motors beats Q3 projections, reports progress in EVs

Teslarati

General Motors ( NYSE: GM ) beat analyst expectations for the third quarter and reported what progress it made on its electric vehicle front for the three-month span. It is no secret that Q3 was rough for Detroit-based automakers, GM included. GM reported a $2.28 adjusted EPS, beating the $1.88 that Wall Street expected.

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GM’s Factory Zero leaving ‘production hell’ 

Teslarati

General Motors’ (GM) battery plant in Michigan, named Factory Zero, is leaving production hell. General Motors has been experiencing its own version of production hell with Factory Zero. Factory Zero is dedicated to electric vehicle (EV) production.

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GM to invest $2.2B at Detroit-Hamtramck to produce all-electric trucks and SUVs; GM’s first fully-dedicated EV plant

Green Car Congress

General Motors will invest $2.2 billion at its Detroit-Hamtramck assembly plant to produce a variety of all-electric trucks and SUVs. GM’s first all-electric truck will be a pickup with production scheduled to begin in late 2021. Detroit-Hamtramck will be GM’s first fully-dedicated electric vehicle assembly plant.

Detroit 365
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General Motors makes $7B EV investment in Michigan official

Teslarati

Today, General Motors made its $7 billion plan to expand electric vehicle and EV parts manufacturing in Michigan official. “Today, we are taking the next step in our continuous work to establish GM’s EV leadership by making investments in our vertically integrated battery production in the U.S. GM is investing $2.2

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General Motors increases EV investment by 75% through 2025

Teslarati

General Motors has increased its electric vehicle investment by 75%, from $20 billion to $35 billion through 2025, the company announced on Wednesday. The Detroit-based GM entered the EV sector with the EV1 in 1996, which used a 16.5-18.7 kWh lead-acid battery in its earliest versions. In addition, GM will add additional U.S.

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General Motors net income sinks 40% in Q2, affirms 2022 outlook

Teslarati

General Motors ( NYSE: GM ) reported its earnings for the second quarter of 2022 this morning. The automaker stated that its net income sank 40 percent during Q2 compared to the same quarter in 2021 due to major parts shortages and production bottlenecks. billion in government loans for battery production.