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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 Shows Picture of New Chevrolet Agile for Mercosur Market

Green Car Congress

General Motors provided an image of the new Chevrolet Agile, a small car designed in Brazil and due to launch in that market in October. The Agile is the first model of the Viva family; Project Viva represents a US$400 million investment by GM un Brazil and Argentina. 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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JATO: 2018 record year for EVs; sales up 74% to 1.26M units; overall market stable, as SUVs rule

Green Car Congress

It was one of the highest increases among all car categories on the global market, which can be explained by several factors, JATO said. Overall, 2018 marked a somewhat challenging year for the global car market, as sales fell for the first time since 2009, logging 86.01 Passenger electric cars recorded 1.26 of total global sales).

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GM global sales up 7.6% in 2011 to 9.026M vehicles; China and US largest markets

Green Car Congress

GM gained four-tenths of a point of market share to 11.9% Sales were up in all four reporting regions—North America, South America, Europe and International Operations—as GM sold a total of 9,025,942 vehicles compared with 8,385,484 in 2010. GM is the market leader in both countries. General Motors Co.

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