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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. GM was the first company in the Brazilian autoindustry to provide 100% of its spark-ignited vehicles as flex-fuel.
GM China Advanced Technical Center’s Cell Fabrication Lab in Shanghai recently produced its first batch of battery cells. These systems are expected to be more affordable for GM customers around the world and help GM expand vehicle electrification. —John Du, Director of GM China’s China Science Lab.
Biden did not hold back on the praise when he addressed his audience at GM’s Factory Zero. Taking careful note to validate the efforts of GM CEO Mary Barra , Biden noted that the executive effectively “electrified the entire automotive industry” because of her leadership. You know how critical it is?
Android Auto made its debut at the 2014 Google I/O annual technology conference in San Francisco as the first innovation resulting from the Open Automotive Alliance (OAA)—a coalition of tech companies and autoindustry leaders launched in January by Google, NVIDIA, Audi, GM, Honda and Hyundai committed to bringing the Android platform to cars.
General Motors today will purchase 200 million shares of GM common stock held by the US Department of the Treasury for $5.5 The share buyback is part of the Treasury’s plan, also announced today, to fully exit its entire holdings of GM stock within 12 to 15 months, subject to market conditions. billion, or $27.50
BYD launched its Seagull, a small hatchback EV with a price tag starting at 69,800 yuan (~$9,773), at the Shanghai Auto Show last year. auto market anytime soon , some U.S. auto sector,” the organization writes. auto sector,” the organization writes. autoindustry appeared first on TESLARATI.
Tuopu is an auto parts supplier that services a wide variety of brands, from Geely and SAIC to Ford, GM, Volkswagen, and other major automakers. Ltd (Tuopu) recently stated in its most recent earnings call that Tesla has a five year gap on other car companies, Teslarati reported. Teslarati learned […].
Comparing the 3rd quarter of 2021 to the 3rd quarter of 2020, US Tesla sales were up 67% while overall US auto sales were down 13%. Compared to 2019, the difference was even more stark — Tesla sales were up 104% and US auto sales were down 22%.
However, we find different OEMs have dramatically different approaches—their strategies today will change the shape of the autoindustry in decades to come. Lux Research analysts examined the growing web of cross-cutting industry relationships. —Kevin See, Lux Research Analyst and the lead author.
If you know much about the Irish autoindustry, you know that it is/was small with a short, unremarkable history. It's probably not as commonly known that Ireland produced a bunch of cars for European makes (and GM) in days gone by, nor is it known that the Circuit of Ireland Rally is the third-oldest in the world.
Honda transmission and engine plants in North America that serve Honda auto plants also will suspend production for the same time period. The total employment contribution of GM’s 83,860 jobs is 681,000 jobs in the US economy—including those who work for GM. jobs supported in the US economy for every job at GM.
Today on Green Car Reports: The autoindustry is making good progress in meeting gas-mileage goals, why dealers are a bottleneck for electric-car sales, and the 2015 Chevrolet Colorado and GMC Canyon mid-size pickup trucks are on their way to showrooms. All this and more on Green Car Reports.
It’s easy to fall into the Tesla vs. legacy auto narrative. Since the days of the original Roadster, it appeared that Tesla was this company that was determined to make a change by forcing the automotive industry to go electric. But while this was true to a point, Tesla’s battle is much bigger than that. So that’s Tesla’s rival.
Toyota (Japan) is the overall global leader in autonomous automotive innovation, followed by Bosch (Germany), Denso (Japan), Hyundai (South Korea) and GM (US). GM is the top innovator in Telematics, followed by Hyundai, Marvell (US), LG and Denso. To the contrary, automotive bellwethers are the ones in the driver’s seat.
General Motors, which has a long history of crash test dummy design, is leading current research on the potential for global autoindustry use of a test dummy that would help automakers and safety experts better understand how crash victims are hurt in rear impacts. The BioRID ATD. Click to enlarge.
The last domino has fallen, with UAW and GM reaching a deal to end the autoindustry strike. Now, tentative deals have been met with all three auto companies, which means the strike is over. more… The post UAW reaches deal with GM, ending auto strike with big win for workers appeared first on Electrek.
General Motors and Pacific Century Motors (PCM), an entity formed by The Tempo Group and E-Town, an affiliate of the Beijing Municipal Government, have reached an agreement for GM to sell GM Global Steering Holdings, LLC, commonly known as Nexteer, to PCM. Girsky, GM vice chairman, Corporate Strategy and Business Development.
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.
The approval marks a necessary step toward the emergence of GM from bankruptcy; the US Treasury has said it would halt funding to GM if the asset sale was not concluded by 10 July. will change its name to General Motors Company and continue to operate under GM’s historic corporate and sub brands. The old GM: 10%.
In a statement livecast on the Internet by the White House, President Barack Obama said that neither of the restructuring plans submitted by GM and Chrysler “ goes far enough to warrant substantial new investment. ”. The government will provide GM with “ adequate working capital ” for 60 more days to “ produce a better business plan ”.
Tesla has jumped ahead of the autoindustry in. continued] The post Top Tesla Gigacasting Supplier Gets Acquired By GM! Here’s a story from left field that we didn’t see coming! appeared first on CleanTechnica.
Honda did a deal with GM to develop its own electric SUV, the Prologue, on Blazer EV underpinnings. GM planned to roll out a variety of vehicles based on its Ultium architecture, from the luxury Cadillac Lyriq through the rock-climbing GMC Hummer EV to the mass-market compact Chevrolet Equinox EV. Is it really a Honda?
General Motors (GM) and GlobalFoundries (GF) have entered a strategic, long-term agreement establishing a dedicated capacity corridor exclusively for GM’s chip supply. We see our semiconductor requirements more than doubling over the next several years as vehicles become technology platforms.
Those wishing to participate will be able to tie into the multi-site webchat from Green Car Congress tomorrow, as well as directly on GM’s FastLane Blog , the EV World site, or the GM-Volt site. GM is focused on the first two pillars: leading plug-in technology vehicles and the enabling technologies. Tony Posawatz. Source: EPRI.
However, there is no apparent correlation identified between the level of investment announced and expected contribution to growth as can be seen in the case of Ford, Stellantis and GM. Nevertheless, the investment announced remain important for automakers from a perspective of sustaining the ongoing disruptions in the automotive industry.
Although Tesla spends $0, the decline in ad spending could be an indicator of troubles for an industry trying to compete with Tesla’s EV lead. Reuters reported that the autoindustry’s ad spending fell to $4.8 billion between January and July 2022 or 4% year-on-year. Compared with the same period in 2019 ($5.50
announced that former GM executive Robert C. From 1994 to 2002, Purcell led the GM Advanced Technology Vehicles Group (GM ATV). In addition to his responsibilities at GM ATV, he also served as chairman of the GM-Ovonic Advanced Battery Joint Venture. Click to enlarge. Li-ion manufacturer Boston-Power, Inc.,
In their paper, the researchers from Ford, GM and AVL note that: Modification of gasoline blendstock composition in preparing ethanol-gasoline blends has a significant impact on vehicle exhaust emissions.
Last night, the Union launched a strike against Ford, GM, and Chrysler/Stellantis, taking almost 13,000 workers off production lines and factory floors across the country. After weeks of speculation over whether the UAW and Big Three automakers would come to an agreement, we have our answer: They didn’t.
For the second leg of competition, teams headed to southern California for track events, including autocross, acceleration, and consumer appeal at the Auto Club Speedway in Fontana. Industry and government officials judged the presentations. Snap-on Tools; Siemens PLM Software; GKN Driveline; Transportation Research Center (TRC, Inc.);
GM described its approach at the Washington Auto Show. A partial draft checklist of stakeholders and enablers to help guide cities in making their regions plug-in friendly suggested by GM includes: Draft Checklist for a Plug-in Ready City. Ed Peper, GM North America vice president, Chevrolet. Required Stakeholder.
Ford (F) and General Motors (GM) are gearing up for likely the biggest transformation the autoindustry has ever seen. Will GM and Ford hit their EV targets? more… The post Can Ford and GM hit their EV targets? more… The post Can Ford and GM hit their EV targets? Let’s see what analysts have to say.
It's hard to keep things secret in the autoindustry. It appears BMW jilted GM because it found a more attractive partner for its advanced powertrain activities.
These are opposed by the autoindustry, which says automakers would face significant additional costs (billions, according to the Alliance of Automobile Manufacturers) if they decide to shut down a line of cars in their ongoing efforts to become more financially efficient and viable.
Audi, GM, Google, Honda, Hyundai and NVIDIA have formed the Open Automotive Alliance (OAA), a global alliance of technology and autoindustry leaders committed to bringing the Android platform to cars starting in 2014. The OAA approach offers openness, customization and scale.
As required by the loan agreements signed in December 2008, GM and Chrysler submitted their updated restructuring plans showing a pathway to achieve financial viability to Congress on Tuesday. The plans, updated in the context of a worsening sales outlook for the entire autoindustry, outline a need for up to an additional $16.6
General Motors (GM) and Stellantis are poised to receive over $1 billion from the Biden administration to support the automakers’ electric vehicle projects. These include $500 million for GM’s Lansing Grand River Assembly plant in Michigan, $334.8 Don’t hesitate to contact us with news tips.
The Detroit News reported that GM has decided to produce the Cadillac Converj, an extended range electric vehicle derived from the Voltec platform. Cadillac included the Converj concept car at the 2009 North American International Auto Show. percent this year, the steepest decline among GM’s four core brands. Earlier post.)
"GM tries to unplug Volt hype" is not the headline I've been hoping to see out of Motor City this spring. But there it is in a Detroit News Autos Insider piece today. Just weeks after announcing production, perhaps, in 2010, the industry's hometown paper lets us know this is no done deal. And little came of a $1.5
Another quarter has wrapped up and we have more grand trends in the US autoindustry. In the charts and text below, I’m comparing Q2 2021 (the second quarter of 2021) with Q2 2020 and also with Q2 2019. Naturally, year-over-year changes are interesting, but given how unique last year was, I think it’s more […].
Share prices of several popular automakers are under pressure after UBS analyst Patrick Hummel warned investors Monday that the US autoindustry will likely face hurdles ahead. Both General Motors (GM) and Ford (F) stock prices are down today on the news as investors grapple with what’s next for the US automakers.
Industry officials expect that this $2.4 billion in cost-share from the award winners, will result directly in the creation tens of thousands of manufacturing jobs in the US battery and autoindustries. Production of high-volume battery packs for the GM Volt. billion investment, coupled with another $2.4 EnerDel, Inc.
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