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

2025-2035: Rewriting The Automotive History

Get Electric Vehicle

The Electric Vehicle Market Update, the fifth in a series of reports tracking EV growth point outs, The disruption of the supply chain during Covid has affected the automobile industry in the last few years. Also, Global EV sales quadrupled in 2019, while sales in the United States established new highs. General Motors.

article thumbnail

The EV Transition Explained: Reshaping Labor Markets

Cars That Think

President Biden says his EV policies will result in “one million new jobs in the American automobile industry. Michigan Governor’s Gretchen Whitmer, for example, claimed that since she took office in 2019, 25,000 new auto jobs were added to the state through her leadership in leading “the future of mobility and electrification.”

Market 92
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