General Motors is partnering with electric vehicle making rival, Tesla, to integrate the North American Charging Standard (NACS) connector design into its EVs beginning in 2025. CEO Mary Barra made the announcement about 4:30 p.m. Thursday during a Twitter Spaces talk she hosted with Tesla CEO Elon Musk, who also owns Twitter. “You have our… Continue reading GM, like Ford, will collaborate with Tesla to share Tesla’s fast-charging EV network
Tag: Strategy
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
Bosch Engineering and Ligier Automotive present high-performance vehicle with a hydrogen engine at 24h race in Le Mans
Mobility is the largest Bosch Group business sector. It generated sales of 52.6 billion euros in 2022, and thus contributed almost 60 percent of total sales. This makes the Bosch Group one of the leading automotive suppliers. The Mobility business sector pursues a vision of mobility that is safe, sustainable, and exciting, and combines the… Continue reading Bosch Engineering and Ligier Automotive present high-performance vehicle with a hydrogen engine at 24h race in Le Mans
@GM: General Motors Doubles Down on Commitment to a Unified Charging Standard and Expands Charging Access to Tesla Supercharger Network
General Motors Doubles Down on Commitment to a Unified Charging Standard and Expands Charging Access to Tesla Supercharger Network 2023-06-08 GM will begin to integrate the North American Charging Standard (NACS) in new EVs starting in 2025 GM customers will be able to access 12,000 Tesla Superchargers and growing beginning in early 2024 Builds on… Continue reading @GM: General Motors Doubles Down on Commitment to a Unified Charging Standard and Expands Charging Access to Tesla Supercharger Network
CAE announces pricing of private offering of $400 Million of senior unsecured notes
MONTREAL, June 8, 2023 /PRNewswire/ – (NYSE: CAE) (TSX: CAE) – CAE Inc. (CAE or the Corporation) announced today that it has priced a private offering of $400 million aggregate principal amount of 5.541% Series 1 Senior Unsecured Notes due June 12, 2028 (the Notes) (the Offering). The Notes are being offered through a syndicate… Continue reading CAE announces pricing of private offering of $400 Million of senior unsecured notes
Toyota reveals plans for a new US battery lab to fuel EV rollout
The Japanese automaker is accelerating its pace toward EVs. Toyota Motor North America announced plans to invest $50 million to build a new US battery lab on Thursday to support the company’s electric vehicle strategy. After falling behind early in the race to bring electric vehicles to market, Toyota has made a series of announcements… Continue reading Toyota reveals plans for a new US battery lab to fuel EV rollout
GM announces it will also adopt Tesla’s NACS connector
Following the news that Ford will adopt Tesla’s connector, now known as the North American Charging Standard (NACS), GM is also confirming that it will adopt the charging standard. This is likely the next step in a domino effect that should solidify NACS as the new charging standard for electric cars in North America. When… Continue reading GM announces it will also adopt Tesla’s NACS connector
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
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
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WASHINGTON, June 8 (Reuters) – U.S. senators on Thursday introduced two separate bipartisan artificial intelligence bills on Thursday amid growing interest in addressing issues surrounding the technology. One would require the U.S. government to be transparent when using AI to interact with people and another would establish an office to determine if the United States… Continue reading Untitled