Remove tag
Remove Auto Remove GM Remove Motoring Remove Technology
article thumbnail

GM Creates Venture Capital Subsidiary, Targeting Innovative Tech in Automotive/Transportation Sector

Green Car Congress

General Motors has established General Motors Ventures, LLC, a subsidiary designed to help the company identify and develop innovative technologies in the automotive/transportation sector. Lauckner, who is named GM Vice President and President General Motors Ventures, LLC, reporting to Stephen J.

GM 210
article thumbnail

GM Reaches Agreement with China-based Pacific Century Motors on the Sale of Nexteer Automotive

Green Car Congress

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. Tags: Brief. Terms of the sale were not disclosed.

GM 186
article thumbnail

GM and PHEV Maker Bright Automotive Announce Strategic Relationship; GM Ventures Funding

Green Car Congress

Bright Automotive, the developer of the purpose-built, plug-in hybrid IDEA ( earlier post ), and General Motors Co. GM has provided funding to the Indiana automaker, the first funding action by the newly formed General Motors Ventures LLC ( earlier post ). Jon Lauckner, president of GM Ventures.

article thumbnail

GM Daewoo Launching Chevrolet Cruze in Vietnam

Green Car Congress

GM Daewoo Auto & Technology (GM Daewoo) and Vietnam Daewoo Motor Company (VIDAMCO) are launching the Chevrolet Cruze in Vietnam. The new global model is based on the Lacetti Premiere sold by GM Daewoo in Korea. —GM Daewoo President and CEO Mike Arcamone. Tags: Brief.

Vietnam 186
article thumbnail

Federal Bankruptcy Court Approves GM Asset Sale to New GM

Green Car Congress

Judge Robert Gerber of the US Bankruptcy Court for the Southern District of New York approved the sale of substantially all of General Motors Corporation’s assets to NGMCO, Inc., will change its name to General Motors Company and continue to operate under GM’s historic corporate and sub brands. The old GM: 10%.

GM 150
article thumbnail

GM To Invest More Than $494M To Produce Next-generation Ecotec Engine

Green Car Congress

General Motors will invest more than $494 million in three US plants to produce the next generation of its gasoline direct-injection Ecotec engines. GM will release specifics about the engine capabilities as well as product applications at a later date. Tags: Brief. The current Ecotec 2.4L displacements.

GM 186
article thumbnail

GM Invests $336M In Detroit-Hamtramck Plant To Build Chevrolet Volt

Green Car Congress

General Motors will invest $336 million in the Detroit-Hamtramck assembly plant to begin production of the Chevrolet Volt extended range electric vehicle in 2010. This brings GM’s combined Volt-related investments in Michigan to $700 million, covering eight facilities. —Jon Lauckner, GM vice president of global product planning.

Detroit 186