Remove 2018 Remove Automobile Industry Remove GM Remove Motors
article thumbnail

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

GM 210
article thumbnail

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.

article thumbnail

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

Teslarati

Bruce Lee, a former running back from the University of Arkansas who was in charge of the GM Fremont Factory’s union before the facility became NUMMI, noted that tensions were typically high between unionized workers and management. . “It was considered the worst workforce in the automobile industry in the United States.

Tesla 145