Michigan might get its big piece of the emerging electric-vehicle battery bonanza roughly three months after watching Ford Motor Co. pledge to invest more than $11 billion in two southern states and create 11,000 jobs. General Motors Co. is targeting Delta Township near Lansing to build its third multi-billion dollar battery cell manufacturing plant in the United States, according… Continue reading GM eyeing $2.5B investment for new battery cell plant in Lansing area
Tag: Strategy
Lesjöfors expands in the US market through the acquisition of Plymouth Spring
Fri, Dec 10, 2021 18:04 CET Lesjöfors has acquired the assets and operations of Plymouth Spring Company, Inc., a US-based manufacturer of industrial springs. The acquisition is another step in Lesjöfors’s ambition to consolidate the industrial springs market and marks an expansion in the US market where it sees potential for further growth, both organic… Continue reading Lesjöfors expands in the US market through the acquisition of Plymouth Spring
SVOLT Unveils its SV ‘600’ Strategy and Short Blade Category Products at 2nd Annual SVOLT Battery Day
On Battery Day, SVOLT Chairman and CEO, Yang Hongxin launched the SV ‘600’ Strategy saying it represents a significant window for Chinese enterprises to continuously take the lead as well as an opportunity to become a global smart EV brand that is front and center in customers’ minds in terms of the electrification trend. To… Continue reading SVOLT Unveils its SV ‘600’ Strategy and Short Blade Category Products at 2nd Annual SVOLT Battery Day
Daimler Truck spin-off already unlocking value, Daimler CEO says
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, December10, 2021. REUTERS/Staff Register now for FREE unlimited access to reuters.com Register FRANKFURT, Dec 10 (Reuters) – Spinning off Daimler Truck (DTGGe.DE) has already proven a solid move to unlock value for Daimler AG (DAIGn.DE) shareholders, CEO Ola Kaellenius… Continue reading Daimler Truck spin-off already unlocking value, Daimler CEO says
Bollinger electric chassis could underpin commercial vehicles – Automotive News
Startup Bollinger Motors is working with EAVX, an engineering consulting and product development firm, to develop all-electric commercial vehicles. December 02, 2021 11:10 AM {{ source.title }} {{title}} {{ abstract }} read more {{/main_image_url}} {{^main_image_url}} {{ source.title }} {{title}} {{ abstract }} read more {{/main_image_url}} {{/content}} ]]> Editor’s note: An earlier version of this story… Continue reading Bollinger electric chassis could underpin commercial vehicles – Automotive News
Daimler Truck launched on stock exchange as an independent company
STUTTGART, Germany and FRANKFURT, Germany, Dec. 10, 2021 /PRNewswire/ — Today’s first day of trading on the Frankfurt Stock Exchange marks the start of a new era for Daimler Truck. Following the spin-off from Daimler AG, today’s first day of listing symbolizes Daimler Truck’s embarkment into unrestricted entrepreneurial independence. This is probably the most important milestone… Continue reading Daimler Truck launched on stock exchange as an independent company
General Motors returns to rare earth magnets with two U.S. deals
Dec 9 (Reuters) – General Motors Co (GM.N) plans to source rare earth magnets for its future electric vehicles from new U.S.-based manufacturing facilities under two separate deals announced on Thursday, a return to an industry the automaker had all but abandoned in the 1990s. The agreements with MP Materials Inc (MP.N) and privately-held Vacuumschmelze… Continue reading General Motors returns to rare earth magnets with two U.S. deals
@GM: General Motors and MP Materials Enter Long-Term Supply Agreement to Scale Rare Earth Magnet Sourcing and Production in the U.S. December 9, 202…
General Motors and MP Materials Enter Long-Term Supply Agreement to Scale Rare Earth Magnet Sourcing and Production in the U.S. Rare earth materials sourced from Mountain Pass, California, will be manufactured into magnets at new MP Materials production facility in Fort Worth, Texas Rare earth magnets are critical components in GM Ultium Platform EV motors… Continue reading @GM: General Motors and MP Materials Enter Long-Term Supply Agreement to Scale Rare Earth Magnet Sourcing and Production in the U.S. December 9, 202…
@GM: General Motors and Vacuumschmelze (VAC) Announce Plans to Build a New Magnet Factory in the U.S. to Support EV Growth December 9, 2021
General Motors and Vacuumschmelze (VAC) Announce Plans to Build a New Magnet Factory in the U.S. to Support EV Growth DETROIT – General Motors (NYSE: GM) is taking another major step forward in creating a strong, sustainable and scalable supply chain for electric vehicles. Today, GM and VAC of Germany announced plans for VAC to… Continue reading @GM: General Motors and Vacuumschmelze (VAC) Announce Plans to Build a New Magnet Factory in the U.S. to Support EV Growth December 9, 2021
Volkswagen’s Herbert Diess to Remain C.E.O., With Less Control
BERLIN — Volkswagen’s chief executive, Herbert Diess, won fresh backing from the automaker’s supervisory board on Thursday, but his responsibilities will be pared as the company seeks to win back investor confidence lost in recent weeks during a dispute about his leadership style. As part of a compromise deal reached with Mr. Diess, 63, more… Continue reading Volkswagen’s Herbert Diess to Remain C.E.O., With Less Control