Tag: GM

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

German FAZ: There is no way around cuts in the VW Group008288

The crisis is worsening in the automotive industry. Many factories are underutilized and hundreds of thousands of employees fear for their jobs. The American manufacturer Ford has just announced that it will cut 4,000 jobs in Europe, many of them at the factory in Cologne. The mass manufacturer Stellantis is also under pressure. Opel, one… Continue reading German FAZ: There is no way around cuts in the VW Group008288

German FAZ: What’s behind Tavares’ expulsion008288

The divergences had become too great. With immediate effect, the board of directors of the car manufacturer Stellantis accepted the resignation of Carlos Tavares as CEO on Sunday. The press release from the parent company of brands such as Peugeot, Fiat and Opel is brief, but its tone is unmistakable. In the past few weeks,… Continue reading German FAZ: What’s behind Tavares’ expulsion008288