GM is giving up on its Cruise robotaxi subsidiary. The company announced today that it will fold Cruise into its own in-house technical team. Under the new strategy, this single unit will focus for now on developing advanced driver assistance programs, and in the future on fully autonomous personal vehicles. GM acquired Cruise in 2016.… Continue reading GM ends support for Cruise robotaxis
Tag: GM
Randy Parker Named Chief Executive Officer of Hyundai and Genesis Motor North America
Parker to lead North America for Hyundai and Genesis Parker will remain CEO of Hyundai Motor America Hyundai Motor America is on track to achieve a fourth consecutive year of retail sales growth under Parker FOUNTAIN VALLEY, Calif., Dec. 10, 2024 /PRNewswire/ — Hyundai Motor Company has appointed Randy Parker as the chief executive officer of… Continue reading Randy Parker Named Chief Executive Officer of Hyundai and Genesis Motor North America
@GM: GM to refocus autonomous driving development on personal vehicles December 10, 2024
Go to Source
Stellantis CEO Carlos Tavares lost control of the automaker with ‘arrogant’ mistakes, sources say
Carlos Tavares, Chief Executive Officer of Stellantis, attends the Paris Automotive Summit during the 2024 Paris Auto Show in Paris, France, October 15, 2024. Benoit Tessier | Reuters DETROIT — “Arrogant.” It’s the word former Stellantis CEO Carlos Tavares used in June to describe mistakes that led to the automaker’s troubles in the U.S. It’s… Continue reading Stellantis CEO Carlos Tavares lost control of the automaker with ‘arrogant’ mistakes, sources say
Cruise’s robotaxi service will shut down as GM pulls its funding
/ GM’s autonomous and assisted driving strategy will focus on Super Cruise and personal vehicles, not robotaxis. By Andrew J. Hawkins, transportation editor with 10+ years of experience who covers EVs, public transportation, and aviation. His work has appeared in The New York Daily News and City & State. Share this story Photo by Smith… Continue reading Cruise’s robotaxi service will shut down as GM pulls its funding
@Ferrari: FERRARI ENTERS A MULTI-YEAR AGREEMENT WITH ANDRETTI FORMULA RACING 000406
Maranello (Italy), December 10, 2024 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) today announces a multi-year agreement starting from 2026 with Andretti Formula Racing LLC, regarding the supply of power unit and gearbox to the racing team led by TWG Global and General Motors, subject to Andretti Formula Racing LLC receiving written confirmation… Continue reading @Ferrari: FERRARI ENTERS A MULTI-YEAR AGREEMENT WITH ANDRETTI FORMULA RACING 000406
German Manager Magazine: Stellantis: Instead of in Kaiserslautern, the Opel Group is building a battery factory in Spain with CATL003812
The car manufacturer Stellantis and the Chinese battery giant CATL are investing several billion euros in a joint venture Battery cell plant in Spain. A joint venture is to build a new battery factory for lithium iron phosphate (LFP) cells at the Stellantis site in Zaragoza. The companies are investing up to 4.1 billion euros… Continue reading German Manager Magazine: Stellantis: Instead of in Kaiserslautern, the Opel Group is building a battery factory in Spain with CATL003812
@Groupe PSA: PR Stellantis and CATL to Invest Up to €4.1 Billion in Joint Venture for Large-Scale LFP Battery Plant in Spain007704
AMSTERDAM – Stellantis and CATL today announced they have reached an agreement to invest up to €4.1 billion to form a joint venture that will build a large-scale European lithium iron phosphate (LFP) battery plant in Zaragoza, Spain. Designed to be completely carbon neutral, the battery plant will be implemented in several phases and investment… Continue reading @Groupe PSA: PR Stellantis and CATL to Invest Up to €4.1 Billion in Joint Venture for Large-Scale LFP Battery Plant in Spain007704
FERRARI ENTERS A MULTI-YEAR AGREEMENT WITH ANDRETTI FORMULA RACING
Maranello (Italy), December 10, 2024 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) today announces a multi-year agreement starting from 2026 with Andretti Formula Racing LLC, regarding the supply of power unit and gearbox to the racing team led by TWG Global and General Motors, subject to Andretti Formula Racing LLC receiving written confirmation… Continue reading FERRARI ENTERS A MULTI-YEAR AGREEMENT WITH ANDRETTI FORMULA RACING
GM accused of ‘extortion’ over threat to tear down Detroit’s tallest skyscraper
The Renaissance Center, a complex of skyscrapers in the waterfront district in Detroit, Michigan on 13 June 2024. Photograph: Roberto Machado Noa/LightRocket/Getty Images View image in fullscreen The Renaissance Center, a complex of skyscrapers in the waterfront district in Detroit, Michigan on 13 June 2024. Photograph: Roberto Machado Noa/LightRocket/Getty Images GM accused of ‘extortion’ over… Continue reading GM accused of ‘extortion’ over threat to tear down Detroit’s tallest skyscraper