Evergrande Health Industry Group, the Hong Kong-based real estate investment company which owned a majority stake in troubled electric vehicle startup Faraday Future, has purchased a majority stake in National Electric Vehicle Sweden (NEVS). NEVS is the company that purchased the assets of defunct Swedish automaker Saab in 2012.
FutureCar Staff 2019-01-16 17:12 PT
General Motors today announced the appointment of Mark Reuss as company president, effective immediately. Reuss is taking over from Dan Ammann, who left his role in November 2018 to become the president of Cruise, GM’s autonomous driving unit based in San Francisco.
FutureCar Staff 2019-01-03 12:52 PT
General Motors is fighting to retain a valuable $7,500 electric vehicle tax credit as the company deals with the political fallout triggered by its recently announced plan to shutter several U.S. assembly plants and cut thousands of jobs. The EV tax credit is designed to promote the adoption of electric vehicles.
Eric Walz2018-12-10 17:27 PT
As General Motors announces massive layoffs and the closure of several U.S. plants, Fiat Chrysler Automobiles (FCA) is looking to reopen a idle Detroit assembly plant to build the upcoming full-size Jeep Grand Cherokee SUV.
FutureCar Staff 2018-12-07 11:57 PT
The President of General Motors Dan Ammann, is taking the helm as CEO of Cruise Automation, a San Francisco-based self-driving car startup that GM bought for over $1 billion in 2016.
Eric Walz2018-11-29 12:31 PT
San Francisco-based self-driving car startup Cruise Automation is expanding its operations to Seattle. The company, which is owned by General Motors, has been working with the automaker on developing autonomous technology.
FutureCar Staff 2018-11-20 15:50 PT
General Motors was one of the first automakers to allow owners to rent their vehicles when they are not using them and now the automaker says it will open its Maven peer-to-peer car-sharing platform to non-GM models beginning next year.
Xiaoli Tian2018-11-12 17:15 PT
Automakers are continuing to form strategic partnerships with tech companies and rivals to accelerate the development of self-driving cars. The latest being Volkswagen, who is reported to be in talks with the Ford Motor Co to work together on electric and self-driving cars.
Eric Walz2018-11-09 11:53 PT
Automaker General Motors is looking at ways to cut costs amid tariffs and other pressures from the market and announced that its sent buyout offers to 18,000 salaried employees. The buyouts were sent to GM employees with over twelve years of service.
FutureCar Staff 2018-10-31 15:12 PT
General Motors is pushing for a National Zero Emissions Program (NZEV) to be adopted across all 50 states starting in 2021. On Friday, GM plans to file its proposed plan to the National Highway Traffic Safety Administration and the Environmental Protection Agency.
Eric Walz2018-10-26 11:51 PT
Under the partnership, Honda will make a $750 million equity investment in General Motors’ Cruise subsidiary and spend an additional $2 billion over the next 12 years to jointly develop self-driving technology.
Vineeth Joel Patel2018-10-03 16:00 PT
GM is investing $28 million in its Warren, Michigan battery lab as the company continues to improve its EV battery technology.
Eric Walz2018-09-07 11:28 PT
GM has begun the automotive industry's first-ever embedded, in-dash fuel payment and loyalty experience with Shell gas stations. Customers refueling their eligible Chevrolet, Buick, GMC and Cadillac vehicles at Shell stations, will be able to use the Shell Pay & Save app available from the GM Marketplace to pay for their fuel directly from their vehicles' infotainment screen.
Eric Walz2018-08-17 11:44 PT
The Trump administration's tariffs on Chinese imports is threatening U.S. automaker General Motors. The detroit-based automaker is seeking to exempt the China made Buick Envision sport utility vehicle to prevent the key model in the brand’s U.S. lineup from becoming a victim of the U.S. China trade war.
Jeremy Carlton2018-08-03 17:53 PT
With its new peer-to-peer car sharing service, Maven is allowing owners to make some money off of their cars when they’re not being used.
Vineeth Joel Patel2018-07-28 09:00 PT
Since General Motors acquired San Francisco-based autonomous driving startup Cruise Automation in 2016 for $1 billion, the two companies have been laying the groundwork and testing autonomous technology for a commercial launch of a robo taxi service using an autonomous fleet of Chevy Bolt EVs. Now, more details of the project have been revealed.
Eric Walz2018-07-03 18:28 PT
General Motors and Honda announced an agreement for new advanced chemistry battery components, including the cell and module, to accelerate both companies’ plans for all-electric vehicles.
Eric Walz2018-06-07 10:54 PT
General Motors is expanding its Super Cruise autonomous driving system, which allows drivers to ride hands-free on the highway, to Cadillac’s entire lineup starting in 2020 and later to other GM brands.
Jacky Ho2018-06-06 12:38 PT
General Motors is ramping up the launch of electric vehicles in China, the world’s largest market for electric and plug-in-hybrid vehicles. The U.S. automaker announced plans to introduce 10 more new energy vehicles (NEVs) in the China market between 2021 and 2023, in addition to its existing plans to launch 10 EV models between 2016 and 2020.
Eric Walz2018-06-05 12:36 PT
General Motors announced today that the SoftBank Vision Fund will invest $2.25 billion in GM Cruise to support the company’s plans to commercialize autonomous vehicle technology at large scale. GM will also invest $1.1 billion in GM Cruise upon closing of the transaction.
Eric Walz2018-05-31 11:13 PT
Eric WalzJan 11, 2019 6:12 PM PT
FutureCar Staff Jan 11, 2019 2:35 PM PT
Eric WalzJan 10, 2019 6:04 PM PT