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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. General Motors’ all-new modular platform and battery system, Ultium.

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

Green Car Congress

General Motors is acquiring SoftBank Vision Fund 1’s equity ownership stake in autonomous vehicle company Cruise for $2.1 billion investment in Cruise, replacing a previous commitment made by the fund in 2018. —GM Chair and CEO Mary Barra. GM is manufacturing the Origin in Michigan at Factory ZERO.

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Report: GM and Stellantis paid record fuel economy fines

Green Car Reports

General Motors and Stellantis paid a combined $363 million in penalties for failing to meet U.S. 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.

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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 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. Through this investment, GM is taking a big step forward in making our vision of an all-electric future a reality.

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Ex-Tesla exec joins General Motors’ Board: ‘GM & Mary Barra are marching towards an electric future’

Teslarati

General Motors (GM) recently welcomed former Tesla executive Jon McNeill to its Board of Directors. Based on McNeill’s comments after the announcement, he will play a significant role in GM’s efforts to increase its presence in the EV market. General Motors and Mary Barra are marching towards an electric future.

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GM building new center for next-generation battery cell technology

Green Car Congress

General Motors announced the Wallace Battery Cell Innovation Center, an all-new facility that will significantly expand the company's battery technology operations and accelerate development and commercialization of longer range, more affordable electric vehicle batteries.

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GM’s Cruise robotaxi business has lost almost $5 billion since 2018

Teslarati

General Motors’ robotaxi unit, Cruise, is burning cash — quite a lot of it. As indicated by GM in its quarterly earnings report, the company lost $500 million on Cruise during the second quarter. Overall, Cruise has lost nearly $5 billion since 2018. That’s about $5 million a day.

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