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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 makes its largest green energy purchase to date; 50 MW wind deal

Green Car Congress

General Motors has made its largest renewable energy procurement to date, purchasing enough wind power to equal the electricity needs of 16 of its US facilities, including business offices in Fort Worth and Austin, Texas, a major assembly and stamping complex in Arlington, Texas, and 13 parts warehouses east of the Mississippi River.

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GM and Honda expanding partnership to codevelop series of affordable EVs in most popular vehicle segments; on sale in 2027

Green Car Congress

GM and Honda also will discuss future EV battery technology collaboration opportunities, to further drive down the cost of electrification, improve performance and drive sustainability for future vehicles. —Mary Barra, GM chair and CEO. In 2018, Honda joined GM’s EV battery module development efforts.

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PSA and GM revise strategic alliance; GM sells 7% stake, B-segment program dropped

Green Car Congress

Further, GM is selling its entire 7% stake in PSA through a private placement to institutional investors. GM acquired the stake in PSA when it entered into the strategic alliance in March 2012. The alliance remains strong with our focus on joint vehicle programs, cross manufacturing, purchasing, and logistics.

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GM’s China JVs investing $12B between 2014-2017 to expand; GM outlines China market trends

Green Car Congress

In conjunction with the start of Auto China 2014 in Beijing, GM China President Matt Tsien announced that GM’s China joint ventures will make capital expenditures of about $12 billion between 2014 and 2017. That investment will help GM step up its pace by funding facility and capacity expansion and new product programs.

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Lucid board greenlights CEO Peter Rawlinson’s $6 million cash bonus

Teslarati

Musk, even before his 2018 pay package was rescinded, adopted a high-risk, high-reward plan that involved him only getting paid if Tesla reached specific milestones. As noted in a Benzinga report, GM CEO Mary Barra had a total compensation of $34 million in 2022, and Ford CEO Jim Farley had a total compensation of $18 million.

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General Motors to collaborate with EVgo, ChargePoint and Greenlots on EV charging network

Green Car Congress

GM plans to aggregate dynamic data from each of the EV charging networks so owners of the all-electric Chevrolet Bolt EV can have a more seamless charging experience with their GM vehicles. GM believes in an all-electric future, and this is a significant step to make charging easier for our customers.