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US President Biden pats GM CEO’s back: “You electrified the entire auto industry. You led.”

Teslarati

US President Joe Biden recently visited General Motors’ Factory Zero in Detroit, a site that the veteran automaker notes would be the centerpiece of a massive electric vehicle revolution. Biden did not hold back on the praise when he addressed his audience at GM’s Factory Zero. You know how critical it is?

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Stellantis CEO: EV transition costs are “beyond the limits” the auto industry can sustain

Teslarati

Taveres said that the costs of transitioning to electric vehicle production are “beyond the limits” of what the current auto industry can sustain in an interview with Reuters Next. US President Biden pats GM CEO’s back: “You electrified the entire auto industry. It will lead to quality problems.

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Tesla stock (TSLA) rises following GM NACS deal

Teslarati

Tesla shares ( NASDAQ:TSLA ) surged over 5% on Friday amidst investors’ positive sentiments following the announcement that General Motors would be joining Ford in adopting the Texas-based EV maker’s North American Charging Standard (NACS) for its electric cars. “This is a major win for Tesla. per share on Friday.

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Pres. Biden’s ‘Leader in EVs’ GM halts production of its most popular EV until next year

Teslarati

President Joe Biden gave plenty of props to General Motors CEO Mary Barra for starting the electric revolution in the United States automotive industry. US President Biden pats GM CEO’s back: “You electrified the entire auto industry. GM took the recall a step further when it recalled every Bolt ever built, a $1.8

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UAW strikes: GM shuts down Kansas plant and lays off 2,000 workers

Teslarati

General Motors (GM) has shut down a manufacturing plant in Kansas and laid off the site’s roughly 2,000 workers after the automaker stated plans to do so last week. The news comes as the latest amidst strikes from the United Auto Workers (UAW) union targeting Ford, GM and Stellantis. We have delivered a record offer.

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Elon Musk scares Mercedes-Benz and BMW: former GM and Ford exec Bob Lutz

Teslarati

Bob Lutz, who has served as executive vice president and board member of Ford, president and then vice chairman and board member of Chrysler, and vice chairman of General Motors, confirmed Musk’s comments. Lutz then added a rather interesting detail related to Tesla’s competition from Das Auto.

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UAW seeks Washington backing to power Detroit 3 in hard work talks

Baua Electric

” The Detroit 3 have stated they need to compensate relatively their hourly employees, but additionally have stressed out a necessity for higher price competitiveness because the business shifts to EVs, a marketplace ruled through Tesla Inc. The Detroit 3 depend on representatives in Washington to foyer for his or her positions.