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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

We are very impressed by the advances made by the Cruise and GM teams, and are thrilled to help them lead a historic transformation of the automobile industry. Photo by Steve Fecht for General Motors). The GM Cruise approach of a fully integrated hardware and software stack gives it a unique competitive advantage.

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Are Rising EV Inventories Proof Nobody Wants Them?

The Truth About Cars

Despite elevated fuel prices, aggressive marketing, and most companies vowing to transition toward building electrified automobiles exclusively, America has an EV supply of more than 100 days on dealer lots. share of battery electric vehicles has grown from a negligible fraction of a percent to over 6 percent between 2018 and 2023.

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Opinion: Biden’s Tesla snub shows that clout, not innovation, is driving the American EV revolution

Teslarati

“It was considered the worst workforce in the automobile industry in the United States. When General Motors filed for Chapter 11 bankruptcy in 2009, GM announced that it would pull out of the facility, which eventually resulted in NUMMI being shut down for good. . And it was a reputation that was well-earned.

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