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Cruise receives $5 billion credit line from GM to purchase Origin EVs

Electrek

In a Tweet earlier today, autonomous rideshare company Cruise, announced it has secured a multi-year credit line of $5 billion from GM financial, to help purchase thousands of Origin vehicles. This new credit line will give Cruise $10 billion in total capital to help roll out its autonomous Origin vehicles manufactured by GM.

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GM expands EV first responder training efforts in US and Canada

Green Car Congress

GM is expanding its efforts to educate public safety, fire and emergency service providers throughout the United States and Canada as EV sales grow. GM’s training includes guidance on doing this more sparingly to keep battery management systems active.

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GM investing $650M in Lithium Americas; offtake agreement from Thacker Pass

Green Car Congress

Under the agreement, GM will make a $650-million equity investment in Lithium Americas, which represents the largest-yet investment by an automaker to produce battery raw materials. Lithium carbonate from Thacker Pass will be used in GM’s proprietary Ultium battery cells. Tranche 1: GM to purchase 15.0 Earlier post.)

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GM investing $491M in Marion Metal Center to support EV production

Green Car Congress

General Motors will invest $491 million at its Marion, Indiana metal stamping operations to prepare the facility to produce a variety of steel and aluminum stamped parts for future products, including electric vehicles, built at multiple GM assembly plants. Work on the facility will begin later this year.

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GM invests in Queensland Pacific Metals; nickel and cobalt from Australia

Green Car Congress

As part of the agreement, GM is expected to invest up to $69 million in Queensland Pacific Metals for the development of its proposed Townsville Energy Chemicals Hub (TECH) Project in Northern Australia. —Jeff Morrison, GM vice president, Global Purchasing and Supply Chain.

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GM, Ford stocks are so reasonable they’re significance purchasing, analyst says

Baua Electric

historically cheap,” making a purchasing alternative for traders, in line with Barclays. The post GM, Ford stocks are so reasonable they’re significance purchasing, analyst says appeared first on Bauaelectric Auto News. Hard work moves and alternative auto business demanding situations have made stocks of Common Motors Co.

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GM invests in battery recycling company Lithion

Green Car Congress

GM Ventures, the automaker’s investment arm, has made a strategic investment in Lithion Recycling’s Series A financing round, supporting a new GM-Lithion strategic partnership agreement to pursue a circular battery ecosystem using Lithion’s advanced battery recycling technology.

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