General Motors continues to invest in the big gasoline-powered vehicles that deliver wide profit margins that fund the automaker’s transition to all electric cars in the next decade. On Thursday, GM said it will invest $500 million in its Arlington Assembly plant in Texas to upgrade the facility to build the next generation of full-size… Continue reading GM to invest $500M in Texas plant that makes gasoline-powered big SUVs
Category: US Motoring Press
Toyota invests in Michigan to build new facility, educate kids
Toyota Motor North America is making two investments in Michigan: One is to build a new battery lab and the other funds a program that will give kids hands-on experience with science, technology, engineering and math (STEM) studies for careers in the auto industry. On Thursday, Toyota said it will invest $50 million to build… Continue reading Toyota invests in Michigan to build new facility, educate kids
GM’s Electric Vehicles Will Use Tesla’s Charging Network
General Motors on Thursday said it had reached a deal that would allow its electric vehicles to use Tesla’s extensive charging network. G.M. also said its future battery-powered models would use the charging plug standard pioneered by Tesla. The announcement, which came two weeks after Ford struck a comparable agreement, is likely to make Tesla’s… Continue reading GM’s Electric Vehicles Will Use Tesla’s Charging Network
24 Hours of Le Mans: 100 Years of Endurance and Innovation
This year marks the 100th anniversary of the 24 Hours of Le Mans, which was first held in May 1923 to help spur innovation in the growing automotive industry by emphasizing not just speed, but also efficiency, reliability and endurance. “It is a very demanding race, and the greatest race,” said Tom Kristensen, who has… Continue reading 24 Hours of Le Mans: 100 Years of Endurance and Innovation
At 24 Hours of Le Mans, Toyota Faces New Challengers
For the first time since 2017, the 24 Hours of Le Mans in France will feature a handful of cars from the major automakers this weekend, competing for the top prize. Toyota, which has won the last five years as the only big automaker, now faces a crowded field. Fighting for overall victory will also… Continue reading At 24 Hours of Le Mans, Toyota Faces New Challengers
At 24 Hours of Le Mans, NASCAR Is Out of Its Element
When the possibility of a NASCAR Cup Series car competing in the 24 Hours of Le Mans endurance race was first discussed two years ago, there was some surprise. “I talked to a few people, traditional sports-car folks and traditional racing folks, and when I told them about the project, they were scratching their head… Continue reading At 24 Hours of Le Mans, NASCAR Is Out of Its Element
GM to use Tesla charging network, joining Ford in leveraging the EV leader’s tech
watch now DETROIT — General Motors will follow crosstown rival Ford Motor in partnering with Tesla to use the electric vehicle leader’s North American charging network and technologies. Under the deal, GM vehicles will be able to access 12,000 of Tesla’s fast chargers using an adapter and the Detroit automaker’s EV charging app, starting next… Continue reading GM to use Tesla charging network, joining Ford in leveraging the EV leader’s tech
Carvana shares surge after the company boosts second-quarter guidance
A Carvana glass tower sits illuminated on Feb. 23, 2022, in Oak Brook, Illinois. Armando L. Sanchez | Tribune News Service | Getty Images Shares of online used-car retailer Carvana surged Thursday after the company said its second-quarter results would likely come in ahead of its earlier expectations as cost-reduction measures take hold. Shares gained… Continue reading Carvana shares surge after the company boosts second-quarter guidance
GM to invest $500 million to build next-generation Cadillac Escalade, other large SUVs
An employee uses a flash grinder to smooth out the metal frame of a sports utility vehicle (SUV) on the production line at the General Motors Co. (GM) assembly plant in Arlington, Texas. Matthew Busch | Bloomberg | Getty Images DETROIT – General Motors plans to invest more than $500 million in a plant in… Continue reading GM to invest $500 million to build next-generation Cadillac Escalade, other large SUVs
US, UK start negotiations on critical minerals deal for EV tax credits
Washington — The United States and the United Kingdom are negotiating a critical minerals trade deal that would allow UK businesses to benefit from incentives passed through the Inflation Reduction Act, President Joe Biden and UK Prime Minister Rishi Sunak announced Thursday. The so-called “Atlantic Declaration” is the latest of several potential deals the Biden… Continue reading US, UK start negotiations on critical minerals deal for EV tax credits