Gm

GM, Hyundai Motor to explore joint vehicle development projects

Both companies have announced aggressive plans to ramp up electric vehicle production

Google parent Alphabet bets $5 billion on Waymo for robotaxis

Google’s parent company Alphabet has invested another $5 billion into its autonomous self-driving startup Waymo for robotaxis.

China’s SAIC is the ultimate winner in MG Motor India deal with JSW Group  

MG Motor’s business has been valued at Rs 8,000 crore and JSW will invest around Rs 2,800 crore for a 35 percent stake in the joint venture, where MG Motor India’s entire operations are expected to be transferred

World Street: GM's labour loss, slowing global growth, crude shock, US debt threat, Alibaba course correction and more

From escalating labour costs slowing down GM to Jack Ma's letter to get Alibaba on track, and OPEC+ crude policy to US economy's heavy reliance on debt, here's a look at markets around the world

Tesla jumps as GM deal makes its charging network closer to US standard

The rare partnership among three of the biggest U.S. automakers ensures that more than 60% of the country's EV market can access Tesla's North American Charging Standard

General Motors embraces Tesla's EV charging system, Wall Street cheers

GM's move, which follows a similar decision by Ford to embrace Tesla's charging plug standard, means three of the top EV sellers in the North American market have now agreed on a standard for charging hardware.

Ford CEO Jim Farley says China main EV rival, not GM, Toyota

"I think we see the Chinese as the main competitor, not GM (GM.N) or Toyota (7203.T)," Farley said at the Morgan Stanley Sustainable Finance Summit. "The Chinese are going to be the powerhouse."

AI News roundup: Big ChatGPT update around the corner, Koo integrates AI and more

Your daily TLDR of important stories you must know about.

GM offers buyouts to most US salaried workers to trim costs

The company says the offers also are designed to avoid any possible firings at a later date.

General Motors cutting hundreds of jobs to reduce costs

GM Chief People Officer Arden Hoffman said in a letter to employees on Tuesday the Detroit automaker is "committed to $2 billion in cost savings in the next two years, which we’ll find by reducing corporate expenses, overhead, and complexity in all our products."

GM inks deal with GlobalFoundries to secure US-made chips

GlobalFoundries said the agreement for at least three years was the first of its kind and establishes a dedicated capacity exclusively for GM's key chip suppliers at their upstate New York fabrication facility.

Kolkata Metro will commission a length of 25.35 km in 2023-24 financial year: GM Arun Arora

The much-delayed completion of East West metro connectivity between Howrah Maidan and Sector V is likely by December this year, provided there is no further hiccup in a crucial 800-metre stretch at Bowbazar, which has suffered three accidents in as many years, he said.

Honda to start producing new hydrogen fuel cell system co-developed with GM

Honda will target annual sales of around 2,000 units of the new system in the middle of this decade, the company said on Thursday, aiming to boost that to 60,000 units per year in 2030.

GM, Ford, Google partner to promote 'virtual' power plants

Energy transition nonprofit RMI will host the initiative, the Virtual Power Plant Partnership (VP3), which will also aim to shape policy for promoting the use of the systems, the companies said.

Govt says GM technology important for food security, import reduction

The environment ministry in October granted environmental clearance for indigenously developed GM mustard seeds, potentially paving the way for a commercial release of the country's first food crop in about two years.

General Motors, LG Energy Solution considering Indiana for fourth US battery plant

Ultium Cells LLC "is developing a competitive business case for a potential large investment that could be located in New Carlisle, Indiana," she said, adding that Ultium had submitted a tax abatement application.

GM’s Mary Barra talks electric vehicles, future

To fulfill that pledge in as little as 2 1/2 years, she faces some long odds against immense economic forces that are working against auto sales.

General Motors to cut prices on EV Chevrolet Bolt up to 18%

GM is cutting prices on the Bolt by around $6,000 and by as much as 18% for the lowest-price version, which will start at $26,595, down from $32,495. The Bolt EUV will start at $28,195 down from $35,695.

Ford, GM to halt production at two Michigan plants due to parts shortage

No. 2 U.S. automaker Ford said it would suspend production at its Flat Rock Assembly Plant next week, where it builds the Mustang, due to the global semiconductor shortage.

Elon Musk fact-checks Biden after US President skips Tesla mention again

Elon Musk spoke up after Joe Biden praised Ford and GM for their domestic electric vehicle (EV) production, which he said has led to the creation of thousands of jobs in the United States.

GM plans 50 new digital features, services by 2026

"We have 50-some value-added products and services that we’ll be rolling out over the next 36 to 48 months," Steve Carlisle, president of GM North America, said at an investor conference.

GM plans six-fold increase in 2022 electric truck, SUV production: Sources

GM Chief Executive Mary Barra told investors last week the automaker intended to accelerate production of electric vehicles, aiming to deliver 400,000 EVs in North America during 2022 and 2023. She did not give specifics for how quickly production rates would grow.

General Motors exploring electric boats, buys 25% stake in engine maker

The Detroit automaker said Monday that it bought the stake in Pure Watercraft for a venture that it says will develop and commercialise battery electric watercraft.

General Motors aims to tackle chip shortage with new designs made in North America

Mark Reuss told an investor conference GM is working with seven chip suppliers on three new families of microcontrollers that will reduce the number of unique chips by 95% on future vehicles.