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Talegaon plant workers likely to drop legal options, Hyundai close to GM plant acquisition | Autocar Professional

Baua Electric

When contacted, the General Motors Employees Union’s president, Sandeep Bhegade told Autocar Professional that the union is currently in talks with the management to reach a swift resolution to the issue. The General Motors workers union had filed two writ petitions in the Mumbai High Court.

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Automotive industry develops new guidance for measuring recycled content of automotive products

Green Car Congress

Sources of recycled content may include: R1: Material that has gone through another process (secondary process) prior to use with the same product, component, or manufacturing process. R2: Material recovered from a downstream manufacturing process or end user of the same or another product that is used in a manufacturing process.

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General Motors And Tengzhong Sign Definitive Agreement For Sale Of HUMMER

Green Car Congress

General Motors and Sichuan Tengzhong Heavy Industrial Machinery Co., Under the terms of the definitive agreement, the buyer will acquire the ownership of the HUMMER brand, trademark and tradenames, as well as specific IP license rights necessary for the manufacture of HUMMER vehicles. Citi is acting as financial advisor to GM.

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Stellantis Investors Fume Over CEO Pay Amid Job Cuts, Plant Closures, Supplier Strife

The Truth About Cars

The argument is that European manufacturers that are pivoting to EVs have had difficulties making them profitable and have already invested heavily into their development. General Motors has been trimming employment numbers for years and recently announced plans to abandon the iconic Renascence Center to set up shop within a smaller building.

Legal 113
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Hyundai India completes acquisition of GM’s Talegaon plant, signs MoU with Maha govt | Autocar Professional

Baua Electric

Hyundai Motor India Ltd. HMIL) has completed the acquisition and assignment of identified assets at General Motors India’s Talegaon Plant in Maharashtra. ” “The Talegaon manufacturing plant will play the role of a catalyst in achieving HMIL’s 1 million annual production capacity milestone.

India 52
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After chiding Ford for US CATL battery plan, GM may be seeking its own

Baua Electric

General Motors is negotiating a U.S. car manufacturing.” So even if Ford or GM controls manufacturing, Chinese intellectual property could make these deals a legal gray area. battery-supply deal with China’s CATL, Car News China reports. Japanese and Korean firms currently control 80% of the market.

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Former Lordstown CEO Given Permission to Buy Back Company Assets for $10 Million

The Truth About Cars

Ohio-based Lordstown Motors has received approval from the U.S. Bankruptcy Court to sell its remaining manufacturing assets to a company owned by its founder and former CEO Stephen Burns for roughly $10 million. that inflated Lordstown Motors’ valuation in October 2020, Burns owned about 25 percent of the company stock.

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