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GM buying Softbank’s stake in Cruise for $2.1B, putting in additional $1.35B

Green Car Congress

billion investment in Cruise, replacing a previous commitment made by the fund in 2018. We are extremely pleased to announce GM is leveraging the strength of its balance sheet to capitalize on the opportunity to increase its equity investment in Cruise and advance our integrated autonomous vehicle strategy.

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GM and Honda jointly to develop two next-generation Honda EVs on GM platform and Ultium batteries

Green Car Congress

General Motors and Honda have agreed to develop jointly two all-new electric vehicles for Honda, based on GM’s highly flexible global EV platform powered by proprietary Ultium batteries. GM unveiled the platform and batteries in early March. GM and Honda have an ongoing relationship around electrification. Earlier post.).

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GM and LG identify cause of battery fires in Bolts; new recall for MY2017-2019 vehicles

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Experts from GM and LG have identified the simultaneous presence of two manufacturing defects in the same battery cell as the root cause of battery fires in certain Chevrolet Bolt EVs. As a result, GM will be conducting a new recall for the previous population of Bolt EVs (2017-2019) to address the risk of battery fires in these vehicles.

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GM adds 9-speed auto to 2018 Buick Envision for China

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Buick launched the 2018 Buick Envision in China with a new nine-speed transmission, updated design and enhanced connectivity. Like Buick’s new Regal and 2018 LaCrosse introduced earlier this year, the 2018 Envision features Buick eMotion Intelligent Drive Technology. The Envision originally went on sale in China in October 2014.

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Report: GM and Stellantis paid record fuel economy fines

Green Car Reports

million paid by Stellantis for 2018 and 2019 model-year fuel economy shortfalls and $128.2 million for GM covering. Corporate Average Fuel Economy (CAFE) requirements for recent model years, Reuters reported Friday. The record amount includes $235.5

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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

Detroit-Hamtramck will be GM’s first fully-dedicated electric vehicle assembly plant. Through this investment, GM is taking a big step forward in making our vision of an all-electric future a reality. —Mark Reuss, GM president. Since the fall of 2018, GM has committed to invest more than $2.5

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GM building new center for next-generation battery cell technology

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The Wallace Center will be located on the campus of GM’s Global Technical Center in Warren, Michigan. The facility will build on more than a decade of advanced battery development at GM Research and Development. The Estes Lab enables GM to perform major battery durability tests in-house at the cell, module and pack levels.

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