Category: Official Press Release

@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

@Toyota: Adjustments to Domestic Production in March (as of March 18)

Toyota would like to extend its sincere sympathy and condolences to those affected by the earthquakes that occurred in the Tohoku region on March 16. Due to the parts shortage resulting from suppliers affected by the earthquakes, additional adjustments will be made to production operations in some plants in Japan as follows. We sincerely apologize… Continue reading @Toyota: Adjustments to Domestic Production in March (as of March 18)

Rapid delivery companies: the urban space race

With more people working from home and many looking to avoid large supermarkets, the rise of ultra-fast delivery is booming — but what will it take to conquer quick commerce? In a recent McKinsey study, “Ordering In: The Rapid Evolution of Food Delivery“, they make an interesting point: less than twenty years ago food delivery… Continue reading Rapid delivery companies: the urban space race

Valmet Automotive starts change negotiations due to component shortage

Valmet Automotive has today issued a change negotiation proposal on the need for temporary personnel layoffs at the Uusikaupunki car plant. The proposal is based on financial and production-related grounds due to a component shortage in the A-Class production, caused by the recent global disruptions in component supply chains. For Valmet Automotive, the situation has… Continue reading Valmet Automotive starts change negotiations due to component shortage

General Motors Names Brose a 2021 Supplier of the Year

This is the 6th time Brose has received the award. “The entire Brose organization is proud of being acknowledged as a GM Supplier of the Year for the fifth time in a row,” said Wilm Uhlenbecker, President, Brose North America. “This is a reflection of the Brose team’s efforts to intentionally put our customers first… Continue reading General Motors Names Brose a 2021 Supplier of the Year

@Toyota: Making the Factory of the Future a Reality: Apply for the Toyota Ventures 2022 Call for Innovation

Like many industries, manufacturing has been undergoing a digital transformation. Emerging technologies and approaches are creating new opportunities to advance smart automation and reduce the carbon footprint of factories, and there has never been a more critical time to accelerate Industry 4.0. Toyota Ventures is exploring these areas through both our Frontier Fund and Climate… Continue reading @Toyota: Making the Factory of the Future a Reality: Apply for the Toyota Ventures 2022 Call for Innovation