Category: News Type

@GM: GM Announces Additional Investment in Cruise March 18, 2022

DETROIT — Today, General Motors Co. (NYSE: GM) announced it is acquiring SoftBank Vision Fund 1’s equity ownership stake in Cruise for $2.1 billion and separately will make an additional $1.35 billion investment in Cruise, replacing a previous commitment made by the fund in 2018. Since GM acquired a majority ownership stake in 2016, Cruise… Continue reading @GM: GM Announces Additional Investment in Cruise March 18, 2022

@GM: Cadillac to Celebrate Major Milestone at Spring Hill, Tennessee, Assembly Plant

Cadillac to Celebrate Major Milestone at Spring Hill, Tennessee, Assembly Plant 2022-03-17 DETROIT – General Motors Co. (NYSE: GM) will share details about its commitment to Cadillac’s all-electric future in Tennessee on Monday, March 21, at approximately 11 a.m. CT. Participants will include GM President Mark Reuss, Cadillac Vice President Rory Harvey, Tennessee Gov. Bill… Continue reading @GM: Cadillac to Celebrate Major Milestone at Spring Hill, Tennessee, Assembly Plant

@GM: GM Honors Top Global Suppliers with 30th Annual Supplier of the Year Awards

GM Honors Top Global Suppliers with 30th Annual Supplier of the Year Awards 2022-03-17 DETROIT – General Motors celebrated its top global suppliers this week at its 30th annual Supplier of the Year awards ceremony held in Phoenix, Arizona. Recipients of the Supplier of the Year recognition included 134 suppliers representing 16 countries. Additionally, 31… Continue reading @GM: GM Honors Top Global Suppliers with 30th Annual Supplier of the Year Awards

Lucid Motors Will Produce Fewer Cars Than Expected

Lucid Motors, a fledgling maker of electric cars, on Monday significantly scaled back its production goals for the year, citing supply chain problems. The company disclosed the new targets as part of its 2021 earnings report and will most likely disappoint investors who had seen the company as a serious challenger to Tesla. Lucid shares… Continue reading Lucid Motors Will Produce Fewer Cars Than Expected

GM is buying out Softbank’s stake in autonomous vehicle unit Cruise

General Motors is expanding its ownership stake in self-driving car subsidiary Cruise. The automaker said late Friday that is is acquiring Softbank Vision Fund 1’s equity ownership in Cruise for $2.1 billion. GM is also making an additional $1.35 billion investment in Cruise, replacing a previous commitment made by the fund in 2018. The announcement… Continue reading GM is buying out Softbank’s stake in autonomous vehicle unit Cruise

German Handelsblatt: Works council elections: VW works council chairwoman: Daniela Cavallo defends the top position004007

Eigentlich wollte Daniela Cavallo persönlich zur Pressekonferenz kommen und dort das Ergebnis der Betriebsratswahl bei Volkswagen in Wolfsburg verkünden. Doch seit Freitagmorgen war klar, dass es maximal ein digitales Pressegespräch geben würde. Auch die Betriebsratsvorsitzende hat es jetzt erwischt: Am Morgen war sie positiv auf das Coronavirus getestet worden.Vor der Computerkamera war bei ihr kaum… Continue reading German Handelsblatt: Works council elections: VW works council chairwoman: Daniela Cavallo defends the top position004007

GM recalls Hummer EV over bad software in the taillights

GM has initiated a recall on the Hummer EV electric pickup truck over bad software affecting the taillights. However, it can’t fix the problem with a software update, and owners will have to go to dealerships to potentially have their taillights replaced. The Hummer EV is GM’s first vehicle using its new Ultium platform, but… Continue reading GM recalls Hummer EV over bad software in the taillights