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GM’s Plan to Sell More EVs Than Tesla Hinges on Offering More Affordable Electric Models

GM’s Plan to Sell More EVs Than Tesla Hinges on Offering More Affordable Electric Models

General Motors CEO Mary Barra believes that the only way for the brand to compete with Tesla is to sell affordable electric cars, which is something that has alluded the all-electric luxury brand.

Vineeth Joel Patel2022-05-07 07:00 PT

General Motors Announces a Cobalt Supply Deal for Electric Vehicle Batteries With Mining Company Glencore

General Motors Announces a Cobalt Supply Deal for Electric Vehicle Batteries With Mining Company Glencore

General Motors announced today a multi-year cobalt sourcing agreement with Swiss mining company Glencore. The company will supply GM with cobalt to produce electric vehicle batteries from its Murrin Murrin nickel and cobalt mining operations in Australia. Cobalt is a key raw material for electric vehicle batteries and automakers around are entering into supply deals to ensure they have a reliable supply of it for the batteries in their future electric vehicles.

Eric Walz2022-04-12 07:30 PT

General Motors and Honda to Co-Develop Electric Vehicles as Part of an Expanded Partnership

General Motors and Honda to Co-Develop Electric Vehicles as Part of an Expanded Partnership

​U.S. automaker General Motors is expanding its partnership with Japan's Honda Motor Co. The two automakers will co-develop new and more affordable electric vehicles in all segments, including passenger cars and SUVs. As part of the expanded collaboration, the two companies will work together to enable global production of millions of jointly-developed EVs starting in 2027.

Eric Walz2022-04-05 08:00 PT

GM Has Received 65,000 Reservations for the New Hummer EV

GM Has Received 65,000 Reservations for the New Hummer EV

That number of reservations includes both the pickup truck and SUV and, if all of the reservations turn into orders, could see the models be backed up until 2024.

Vineeth Joel Patel2022-04-03 16:00 PT

General Motors Creates a New ‘Commercial Growth Strategies and Operations’ Division, Announces Executive Appointments

General Motors Creates a New ‘Commercial Growth Strategies and Operations’ Division, Announces Executive Appointments

​U.S. automaker General Motors has created a new organization within the company named “Commercial Growth Strategies and Operations”. The new organization will oversee current cross-brand activities that strengthen GM’s position in the commercial market. GM appointed Steve Hill to lead the new organization. Hill has served as vice president of GM’s Chevrolet brand since Nov 2019.

FutureCar Staff 2022-03-28 10:40 PT

GM is Making an Additional $3.4 Billion Investment in Autonomous Driving Technology Developer Cruise, Will Acquires Softbank’s  Stake in the Company

GM is Making an Additional $3.4 Billion Investment in Autonomous Driving Technology Developer Cruise, Will Acquires Softbank’s Stake in the Company

​General Motors announced on Friday its acquiring SoftBank Vision Fund’s equity ownership stake in San Francisco-based autonomous driving technology developer Cruise for $2.1 billion. As part of the massive investment, GM is separately making an additional $1.35 billion investment in Cruise, replacing a previous commitment made by the Softbank’s Vision Fund fund in 2018.

Eric Walz2022-03-18 17:00 PT

GM’s Hummer EV Recalled for Faulty Tail Light Assemblies, Only a Handful of Vehicles Though

GM’s Hummer EV Recalled for Faulty Tail Light Assemblies, Only a Handful of Vehicles Though

​General Motors has recalled the brand new GMC Hummer EV due to an embedded software fault in the tail light assemblies. The recall affected only 10 vehicles, but identifying the problem early on helped GM to avoid a more widespread recall, along with the backlash from the public that often is a result of safety recalls in the auto industry.

FutureCar Staff 2022-03-18 13:00 PT

General Motors Partnering With California Utility Provider PG&E in a Pilot That Will Allow its EVs to Power Homes

General Motors Partnering With California Utility Provider PG&E in a Pilot That Will Allow its EVs to Power Homes

An electric vehicle’s powerful battery is an untapped power source when the vehicle is parked. So to put that usable power to good use, General Motors announced a new partnership with California utility provider Pacific Gas and Electric Company (PG&E) that will allow GM customers to use their electric vehicles as backup power sources for their homes.

FutureCar Staff 2022-03-08 10:15 PT

General Motors Sells its Stake in Electric Truck Startup Lordstown Motors

General Motors Sells its Stake in Electric Truck Startup Lordstown Motors

General Motors once had big plans for its investment in electric truck startup Lordstown Motors, but after accusations of fraud which led to the sudden departure of Lordstown Chief Executive and founder Steve Burns along with Chief Financial Officer Julio Rodriguez last year, GM is officially walking away. GM announced on Tuesday it has sold off its stake in Lordstown Motors.

FutureCar Staff 2022-03-01 16:30 PT

General Motors’ Autonomous Driving Unit Cruise is Seeking NHTSA Approval to Deploy Vehicles Without Steering Wheels or Brake Pedals

General Motors’ Autonomous Driving Unit Cruise is Seeking NHTSA Approval to Deploy Vehicles Without Steering Wheels or Brake Pedals

General Motors’ autonomous driving unit Cruise has petitioned the U.S. National Highway Traffic Safety Administration (NHTSA) for permission to deploy the Cruise Origin driverless shuttle on roads in the U.S. as part of a commercial ride-hailing service that’s similar to Uber. The Origin is the first production vehicle purposefully built by a global automaker without a steering wheel or brake pedal.

FutureCar Staff 2022-02-21 14:10 PT

Faced With Growing Competition, General Motors is Increasing Electric Truck & SUV Output 6 Times More Than Previously Planned, Sources Say

Faced With Growing Competition, General Motors is Increasing Electric Truck & SUV Output 6 Times More Than Previously Planned, Sources Say

General Motors now plans to increase production of its electric trucks and Cadillac sport utility vehicles this year six times more than previously planned, according to information shared with suppliers. GM told suppliers for its electric GMC Hummer EV trucks to plan for production of 21,000 vehicles this year at the automaker's Factory Zero in Detroit, up from the previous plan to build just 3,800 vehicles.

Eric Walz2022-02-08 15:45 PT

General Motors is Investing $7 Billion to Build EVs in Michigan, the Largest Manufacturing Commitment in the Company’s History

General Motors is Investing $7 Billion to Build EVs in Michigan, the Largest Manufacturing Commitment in the Company’s History

GM announced today its investing more than $7 billion in four Michigan manufacturing sites to build electric vehicles and batteries. The massive investment will significantly increase GM’s production capacity for electric vehicles. The $7 billion investment is the single largest investment announcement in automaker's 100+ year history.

Eric Walz2022-01-25 10:00 PT

General Motors is Investing $154 Million in Western New York for the Production of EV Motor Components

General Motors is Investing $154 Million in Western New York for the Production of EV Motor Components

General Motors announced plans on Friday to invest nearly $154 million in its Lockport Components plant in Western New York. The investment will be used to renovate the facility and purchase and install new machinery and equipment used in the production of stator modules, a key component for the electric motors of EVs.

FutureCar Staff 2022-01-24 13:45 PT

General Motors Launches a Digital Car Buying Platform Called ‘CarBravo’ Allowing Shoppers to Purchase Pre-Owned Vehicles Online

General Motors Launches a Digital Car Buying Platform Called ‘CarBravo’ Allowing Shoppers to Purchase Pre-Owned Vehicles Online

General Motors is getting into the used car business with a new online car shopping platform called CarBravo. The digital marketplace will compete with online car sellers such as Carvana and Shift with participating dealerships delivering pre-owned GM and non-GM vehicles directly to customers' homes. GM announced that dealer enrollment in CarBravo begins immediately, and the consumer launch is expected to begin in spring 2022.

Eric Walz2022-01-11 12:50 PT

GM Unveils its Chevy Silverado EV, the Electric Pickup Wars Have Officially Begun

GM Unveils its Chevy Silverado EV, the Electric Pickup Wars Have Officially Begun

General Motors CEO Mary Barra unveiled its highly anticipated electric Chevy Silverado during a virtual keynote at CES on Wednesday in Las Vegas. The battery-powered version of GM’s best-selling Silverado pickup marks the automaker’s second entry in the electric truck segment following the Hummer EV. The electric pickup segment is now poised to become highly competitive with the recent launch of the R1T from newcomer Rivian and Ford’s electric F-150 Lightning.

Eric Walz2022-01-05 13:15 PT

GM’s BrightDrop Will Supply Electric Delivery Vans to Walmart, Expanding its Existing Supply Deal With FedEx

GM’s BrightDrop Will Supply Electric Delivery Vans to Walmart, Expanding its Existing Supply Deal With FedEx

​BrightDrop, the new logistics and commercial electric vehicle division of automaker General Motors, announced a partnership with retailer Walmart at CES on Wednesday to supply electric thousands of delivery vans to Walmart. The battery-powered vans will be used in Walmart’s last mile delivery network and will help the retailer reach its goal of operating a zero-emissions logistics fleet by 2040.

Eric Walz2022-01-05 09:15 PT

General Motors Cancels its In-Person CES Events and Unveiling of the Electric Silverado Pickup Due to Covid Concerns

General Motors Cancels its In-Person CES Events and Unveiling of the Electric Silverado Pickup Due to Covid Concerns

Each year, hundreds of companies, including the world’s top automakers, travel to Las Vegas in early January for the annual Consumer Electronics Show (CES) to show off their latest products. One of the most anticipated CES events this year was that General Motors was scheduled to reveal its new fully electric Silverado pickup for the first time. But those plans have now been scrapped due to lingering covid concerns.

Eric Walz2021-12-24 08:50 PT

General Motors Extends the Bolt EV, EUV Production Shutdown Through the End of February as it Deals With Battery Recall

General Motors Extends the Bolt EV, EUV Production Shutdown Through the End of February as it Deals With Battery Recall

As automaker General Motors works to replace the battery packs in all of the Bolt EVs due to a battery recall, the production shutdown of the two EVs at GM’s Orion Assembly plant in Michigan has been extended multiple times. The latest suspension will halt production until at least the end of February, Reuters reported on Monday.

FutureCar Staff 2021-12-20 09:00 PT

General Motors Begins Deliveries of its First-Ever Electric Trucks, the Hummer EV & BrightDrop EV600, Marking a Major Turning Point for the Automaker

General Motors Begins Deliveries of its First-Ever Electric Trucks, the Hummer EV & BrightDrop EV600, Marking a Major Turning Point for the Automaker

General Motors begins its major transition to electric vehicles with the production start and first deliveries of the Hummer EV Edition 1 pickup and EV600 commercial van from the automaker’s new logistics division Brightdrop. The two vehicles are the first-ever electric trucks produced by GM in its history. Both vehicles will be built on automaker’s new Ultium EV platform.

Eric Walz2021-12-17 14:45 PT

General Motors is Building a Joint Venture Cathode Material Processing Plant in the U.S. for Electric Vehicle Batteries

General Motors is Building a Joint Venture Cathode Material Processing Plant in the U.S. for Electric Vehicle Batteries

General Motors today announced plans with South Korean battery materials company POSCO Chemical to form a joint venture to construct a factory in North America to process battery materials for GM’s Ultium electric vehicle platform. The new facility will supply GM’s two Ultium Cell factories that the automaker and its battery partner LG Energy are building in Lordstown, Ohio and Spring Hill, Tennessee.

Eric Walz2021-12-01 13:00 PT

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