Tag: GM

Go-Jek pulls in $100M more for its massive Series F round

U.S. ride-hailing giants Lyft and Uber are going public in the U.S. imminently, but over in Southeast Asia, the two largest on-demand companies are still madly fueling up on investment capital. The latest update to that story today saw Go-Jek, the Indonesian ride-hailing firm aiming to go regional in Southeast Asia, announced that it has… Continue reading Go-Jek pulls in $100M more for its massive Series F round

Lyft Delivers a Few Punches to Rivals in its IPO Filing

In the race to go public this year, Lyft has a head start on rival Uber — at least when it comes to unveiling the details about its planned initial public offering. And though Lyft is gaining market share and revenue, its losses continue to rise while the growth of its ridership slows—both factors that… Continue reading Lyft Delivers a Few Punches to Rivals in its IPO Filing

General Motors Partners with DTE on Wind Energy in Michigan

General Motors Partners with DTE on Wind Energy in Michigan GM renewable energy deals to date total 1.71 terawatt hours in North America, more than any other automaker in the region 2019-02-26 DETROIT — As part of its commitment to increasing its renewable energy footprint globally and finding clean energy solutions near its operations, General… Continue reading General Motors Partners with DTE on Wind Energy in Michigan

Equity Shot: Lyft files to go public and we’re stoked

Hello and welcome to an Equity Shot, a short-form episode of the show where we dive into a single breaking news story. Guess what we’re talking about today?! It’s Lyft. You guessed correctly. The Lyft S-1 is the very first major S-1 event of 2019. As you might recall, the government shutdown gummed the IPO… Continue reading Equity Shot: Lyft files to go public and we’re stoked

Lyft will give eligible drivers a one-time cash bonus up to $10K

Hardworking drivers, rejoice! As part of Lyft’s initial public offering, the transportation company is deciding to reward the drivers who form the backbone of the company’s core service. The program will give a maximum cash bonus of $10,000 to drivers “in good standing” who have completed at least 20,000 rides as of February 25, 2019.… Continue reading Lyft will give eligible drivers a one-time cash bonus up to $10K

Sixt merges car sharing and car rental: “We are responsible for car dealership”

DPA Alexander Sixt is the head of strategy of the car rental company of the same name and the eldest son of company founder Erich Sixt With its new, global mobility platform “One”, Germany’s largest car rental company now offers Sixt Car rental, car sharing and travel services in a single app on. Strategy director… Continue reading Sixt merges car sharing and car rental: “We are responsible for car dealership”

U.S. auto sales fall in February on weak SUV demand

(Reuters) – Automakers on Friday reported a decline in U.S. light vehicle sales for February as demand for SUVs slows after years of rapid growth, pointing to a drop in overall sales in 2019. FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen at the U.S. headquarters in Auburn Hills, Michigan, U.S. May 25,… Continue reading U.S. auto sales fall in February on weak SUV demand

Let’s Take A Closer Look At Polestar 2 Battery Details

10 M BY GEORGE BOWER There’s a lot to like about this battery pack design. The Polestar 2 battery pack layout is very unique. It’s kind of like a marriage between the Chevrolet Volt “T” pack (where GM put cells down the tunnel of the car) and the Bolt EV pack that is essentially a… Continue reading Let’s Take A Closer Look At Polestar 2 Battery Details

GM President of North America Alan Batey is retiring after 40 years

Bill Pugliano | Getty Images
Flags fly outside the General Motors world headquarters building.

General Motors' President of North America Alan Batey plans to retire in 2019 after 40 years at the Detroit automaker, the company said Thursday.

His role will be filled by Barry Engle, who currently runs GM's international business, starting April 1. Engle has been with GM since 2015, beginning his tenure at the automaker as executive vice president and president of South America. he was promoted to head of all GM's international operations in 2017.

Engle has held a variety of positions elsewhere in the automotive industry, including 13 years at Ford, a CEO of an agricultural equipment company, and CEO of an electric vehicle startup called THINK. He was also a Chrysler Plymouth Jeep dealer.

Batey will stay on as an adviser.

Julian Blissett, who is currently executive vice president of GM-SAIC, the automaker's joint partnership with Shanghai Automotive Industry Corporation, will become senior vice president of GM International.

Batey has been in his current role since 2014, and has also led Global Chevrolet since 2013. He was vice president of U.S. sales and service from 2012 to 2013, and vice president of U.S. sales and service for Chevrolet from 2010 to 2012. Batey started with GM in 1979 and has held positions around the world, including the United Kingdom, Switzerland, United Arab Emirates, Germany, Netherlands, Korea, and Australia.

Shares of GM were down 1.5 percent on Thursday.

This story is breaking news. Please check back for updates.