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US Steel to supply General Motors with US-sourced sustainable verdeX steel

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United States Steel Corporation will supply General Motors with its advanced and sustainable steel solution called verdeX steel. The steel is manufactured with up to 75% fewer emissions compared to traditional blast furnace production [ 1 ] , is made with up to 90% recycled content, and is endlessly recyclable without degradation.

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Honda and General Motors sign MoU toward establishing a strategic alliance in North America

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General Motors and Honda today signed a non-binding memorandum of understanding (MoU) following extensive preliminary discussions toward establishing a North American automotive alliance. —Mark Reuss, president of General Motors. —Seiji Kuraishi, executive vice president of Honda Motor Co.,

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Cadillac CELESTIQ to be built at GM’s Global Technical Center

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General Motors will invest more than $81 million into the company’s Global Technical Center in Warren, Michigan, to prepare the campus to build the Cadillac CELESTIQ ( earlier post ). —Mark Reuss, president, General Motors. Cadillac CELESTIQ show car. Cadillac CELESTIQ show car.

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GM investing $632M in Fort Wayne Assembly for future ICE truck production

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General Motors plans to invest $632 million in Fort Wayne Assembly to prepare the plant for production of the next-generation internal combustion engine (ICE) full-size light-duty trucks. This investment will support new conveyors, tooling and equipment in the plant’s body and general assembly areas.

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BYD and UzAuto to form NEV production JV in Uzbekistan

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The new joint venture company, which will manufacture best-selling NEVs including the DM-i super hybrid models and related parts, is anticipated to be based in Uzbekistan. Founded in 1995, BYD is a leading NEV (plug-in hybrids and battery-electric vehicles] manufacturer.

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General Motors to supply Hydrotec fuel cell systems to Nikola; backing off earlier agreement

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General Motors Co. announced it has signed a non-binding memorandum of understanding with Nikola Corporation for a global supply agreement to provide GM’s Hydrotec fuel cell system for Nikola’s Class 7/8 semi-trucks. —Doug Parks, GM executive vice president of Global Product Development, Purchasing and Supply Chain.

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ICCT report finds US domestic EV production and investment continues to fall; only 5% of global EV investment to go to US EV assembly plants

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The ICCT study finds that the United States’ share of cumulative global EV production decreased from 20% to 18% since 2010 and only 15% of the approximately $345 billion in global automaker EV investments are flowing to the US. Similarly, European manufacturing accounted for 25% of global EVs through 2020, up from 23% in 2017.

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