article thumbnail

General Motors And Tengzhong Sign Definitive Agreement For Sale Of HUMMER

Green Car Congress

General Motors and Sichuan Tengzhong Heavy Industrial Machinery Co., Ltd (Tengzhong) have entered into a definitive agreement that will allow Tengzhong to acquire GM’s HUMMER brand. Tengzhong intends to purchase HUMMER through an investment entity, in which it will hold an 80% stake.

Hummer 210
article thumbnail

2023 Cadillac Lyriq electric crossover will be made in Tennessee, GM confirms

Green Car Reports

General Motors confirmed Tuesday morning that its Spring Hill, Tennessee, plant, which once served as the launch point for Saturn, will build the upcoming Cadillac Lyriq electric SUV starting late next year. As GM clarified in August, the Lyriq might be available for sale in another market—like China—before the U.S.,

Tennessee 140
article thumbnail

Tesla sales grew 63% year-over-year in September

Teslarati

However, TrueCarr doesn’t assess Tesla as the fastest growing automaker in September; that honor goes to General Motors. According to TrueCar’s estimates, General Motors grew sales by 74.2% Tesla follows in second place for sales growth, while Volkswagen takes third, growing sales by 31.9%

Sale 141
article thumbnail

New Honda Prologue EV to go on sale in North America in 2024; Acura EV to follow

Green Car Congress

Both will utilize the highly flexible global EV platform powered by Ultium batteries based on the company’s strategic partnership with General Motors. Honda also plans to launch a new series of EV models in the second half of the decade based on a new e:Architecture, with development led by Honda.

article thumbnail

Chevy Volt to become Buick Velite for sale in China: report (updated)

Green Car Reports

The current-generation Chevrolet Volt plug-in hybrid may acquire a new identity for the Chinese market. General Motors sold the first-generation Volt under different brands in various international markets. So far it hasn't continued that practice with the second-generation version, which went on sale in the U.S.

Volt 60
article thumbnail

GM and SAIC Motor to partner on all-new vehicle family for global growth markets; $5B investment from Chevrolet

Green Car Congress

General Motors and SAIC Motor are enhancing their partnership through an agreement jointly to develop the core architecture and engine of a new vehicle family targeting global growth markets. —General Motors President Dan Ammann.

Chevrolet 150
article thumbnail

Hertz is selling EVs, including Teslas, to buy gasoline models

Baua Electric

The company said in a filing with the Securities and Exchange Commission (SEC) that the sales of these vehicles, which represent about one third of its global EV fleet, began in Dec. EVs held for sale will remain eligible for rental during the sale process, the company noted. 2023 and are expected to continue throughout 2024.

Buy 52