Tag: GM

GM is selling its stake in one of its four EV battery plants: Here’s why

GM announced plans to sell its stake in the nearly completed Lansing, Michigan, EV battery plant to joint venture partner LG Energy Solution. The Lansing facility is one of four planned GM plants to open in the US. GM sells off its stake in Michigan EV battery plant The Lansing plant was one of three… Continue reading GM is selling its stake in one of its four EV battery plants: Here’s why

LG Energy Solution and GM to Jointly Develop Prismatic Battery Cell Technology

Under this definitive agreement, the companies will develop prismatic battery cell technology and affiliated chemistries for GM’s future EVs The agreement marks an extension of the two companies’ successful 14-year battery technology partnership LG Energy Solution to become the first global battery manufacturer to offer all three form factors (pouch-type, cylindrical, prismatic) SEOUL, South Korea,… Continue reading LG Energy Solution and GM to Jointly Develop Prismatic Battery Cell Technology

GM sells stake in EV battery plant to partner LG Energy Solutions

/ The two companies will continue to work together, jointly developing prismatic battery cells. 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 Illustration by Alex Castro / The… Continue reading GM sells stake in EV battery plant to partner LG Energy Solutions

Carlos Tavares, Stellantis CEO, Resigns

The chief executive of the automaker Stellantis, Carlos Tavares, has resigned, the company said on Sunday, amid a decline in profits and slumping sales in its key North America region. Mr. Tavares, 66, spearheaded the creation of the company in a 2021 merger of Fiat Chrysler Automobiles and France’s Peugeot. The company is one of… Continue reading Carlos Tavares, Stellantis CEO, Resigns

Norway breaks another EV record, nearly completing its EV transition

Photo by Maryan Ivasyk on Unsplash More good news from EV mecca Norway, with November numbers showing more than 10,000 EVs were newly registered, bringing its tally to a truly impressive 93.6% of all new car registrations, showing that its EV transition is almost complete. November saw 10,940 new EV registrations, with EVs pretty much… Continue reading Norway breaks another EV record, nearly completing its EV transition

GM to sell stake in battery cell plant to joint venture partner for roughly $1 billion

General Motors revealed its all-new modular platform and battery system, Ultium, on March 4, 2020 at its Tech Center campus in Warren, Michigan. Photo by Steve Fecht for General Motors DETROIT — General Motors plans to sell its stake in a $2.6 billion electric vehicle battery cell plant in Michigan to its joint venture partner… Continue reading GM to sell stake in battery cell plant to joint venture partner for roughly $1 billion

German FAZ: Production suspended at Opel in Rüsselsheim008290

Mohamed doesn’t seem to be really sad about the resignation of Stellantis boss Carlos Tavares. Maybe things would go better with a different manager at the helm of the Opel parent company, says the young man who comes to work on Monday afternoon from the Rüsselsheim Opelwerk S-Bahn station. The fact that production in Rüsselsheim… Continue reading German FAZ: Production suspended at Opel in Rüsselsheim008290

German FAZ: Darwinistic Competition008289

The selection process in the auto industry is progressing. Now it hits Carlos Tavares, who was CEO of the Stellantis Group until Sunday and therefore the master of Opel, Fiat and twelve other brands. He was shown the door with immediate effect. This means that Europe’s auto industry is losing one of its most prominent… Continue reading German FAZ: Darwinistic Competition008289