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GM to invest $450M in Argentina

Green Car Congress

Akerson was joined by Argentina President Cristina Fernández de Kirchner; GM South America President Jaime Ardila; and GM Argentina President Isela Costantini. GM Argentina produced a record of more than 136,000 vehicles at its Rosario facility in 2011. —Isela Costantini.

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GM investing $650M in Lithium Americas; offtake agreement from Thacker Pass

Green Car Congress

Under the agreement, GM will make a $650-million equity investment in Lithium Americas, which represents the largest-yet investment by an automaker to produce battery raw materials. Lithium carbonate from Thacker Pass will be used in GM’s proprietary Ultium battery cells. Tranche 1: GM to purchase 15.0 Earlier post.)

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GM leaps ahead in lithium mining race, secures next-gen extraction deal

Teslarati

General Motors (GM) has secured a next-generation lithium extraction deal with Puerto Rico-based startup, EnergyX. This has pushed many, including GM, further down its supply chain, buying up companies and securing supplies for the future. Along with this risk, GM does have some incredible upsides.

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GM Shows Picture of New Chevrolet Agile for Mercosur Market

Green Car Congress

The Agile is the first model of the Viva family; Project Viva represents a US$400 million investment by GM un Brazil and Argentina. The Agile is targeted for emerging markets such as Brazil, Argentina, Paraguay and Uruguay (Mercosur). GM began doing business in Brazil in 1925.

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GM Creates New South America Regional Organization

Green Car Congress

GM South America will be headquartered in Sao Paulo, Brazil and will be led by Jaime Ardila, currently president and general manager GM Mercosur. Ardila becomes president, GM South America and will report to GM Chairman and CEO Ed Whitacre. GM South America currently has 29,000 employees. Ed Whitacre.

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GM leads $50M funding round in EnergyX; advanced lithium extraction and refining technology

Green Car Congress

GM Ventures is leading a $50-million Series B financing round in EnergyX , and has entered into a strategic agreement to develop EnergyX’s lithium extraction and refinery technology. There are many ways of gauging success, but few are more rewarding than the support of leaders like GM. Earlier post.)

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Letting in the Light

Electric Auto Association

Students from dozens of states, Canada, and other countries, recently including Bermuda and Argentina, have traveled to Danville to take the course. All four men felt that LEVs could eventually be one of the most important forms of personal transportation, and had already been supporting that cause.

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