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The Latest Breaking News from General Motors

German team looking to enter NASCAR Cup Series in 2023

The NASCAR Cup Series could grow its international flavor in 2023 with a new entry from a Germany-based team.

Motorsport

US opens probe of Cruise robotaxi braking, clogging traffic

US safety regulators are investigating reports that autonomous robotaxis run by General Motors’ Cruise LLC can stop too quickly or unexpectedly come to a halt, potentially stranding passengers

The Independent UK

US Department Of Energy Finalizes $2.5 Billion Loan To Ultium Cells

Ultium Cells will use the loan to finance construction of new battery cell plants in Ohio, Tennessee and Michigan, which will support a total of 11,000 jobs.

InsideEVs

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Ultium Cells' Factory In Tennessee To Produce More Battery Cells

Ultium Cells intends to produce at its plant in Spring Hill, Tennessee (currently under construction) more battery cells than initially planned.

InsideEVs

GM-Backed Ultium Cells LLC Gets $2.5B Fed Loan For Three Battery Factories

The new plants will create more than 11,000 new jobs.

Motor1

Microsoft the Best-Managed U.S. Company of 2022, Study Finds

The technology sector's grip on the top spots in the annual Management Top 250 ranking slipped this year.

Bangkok Post

Department of Energy finalizes $2.5 billion loan to GM battery joint venture

WASHINGTON — The U.S. Department of Energy has finalized a $2.5 billion loan to Ultium Cells LLC, the EV battery joint venture between General Motors Co. and South Korean battery company LG Energy Solution, officials said Monday.

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GM joint venture gets $2.5B loan to build battery plants

A joint venture between General Motors and South Korean battery company LG Energy Solution has closed on a $2.5 billion federal loan to help finance three lithium-ion battery cell plants in Ohio, Tennessee, and Michigan

The Independent UK

GM Rumored To Consider Escalade, Camaro EV Sub-Brands

Both the Escalade and Camaro sub-brands would have their own distinctive lineups of EVs, including SUVs, crossovers, sports cars and even a minivan.

InsideEVs

GM Launches Its Dealer Community Charging Program With Flo

General Motors has teamed with Flo to launch its Dealer Community Charging Program which places 19.2-kW AC charging stations in strategic locations.

InsideEVs

BrightDrop Zevo 600 Enters Production In Canada, Finds First Buyer

Scaled production is expected to begin with the Zevo 600 in January 2023 and Zevo 400 in late 2023; GM expects to make 50,000 vans yearly at the plant by 2025.

InsideEVs

GM venture to invest additional $275M at Tennessee plant

A joint venture between General Motors and South Korean battery company LG Energy Solution says it will invest an additional $275 million to expand a Tennessee battery cell factory for electric vehicles

The Independent UK

Reform candidates lead in UAW races with 56% of vote counted

Members of the United Auto Workers union appear to favor replacing many of their current leaders in an election that stemmed from a federal bribery and embezzlement scandal involving former union officials

The Independent UK

Is Now a Good Time to Add General Motors Stock to Your Portfolio?

Despite macroeconomic headwinds, prominent car maker company General Motors (GM) reported strong third-quarter results. Moreover, the company intends to capitalize on the growing EV demand by rapidly growing its EV portfolio. So, is it a good time to add GM to your portfolio? Let’s find out….

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InsideEVs

GM Targeting $50 Billion In EV Revenue By 2025

General Motors believes it will make $50 billion in annual EV revenue by 2025.

InsideEVs

GM CEO, Brands Stopped Tweeting After Elon Musk Took Over

Meanwhile, Volkswagen Group brands have halted all paid activities on Twitter until further notice, with Audi taking the extra step to stop organic activities.

Fortune

LinkedIn's CEO says skills are replacing a college degree in this job market

Ryan Roslansky joins the CEOs of General Motors, IBM, and Accenture in putting the emphasis on skills, not pedigree, when hiring.

InsideEVs

Chevrolet FNR-XE Electric Sedan Concept Breaks Cover In China

Chevrolet says the Ultium-based design study previews its new generation of electric intelligent connected vehicles custom developed for the Chinese market.

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InsideEVs

GM Expands Manufacturing Capacity For EV Drive Unit Castings In Indiana

GM announced a $45 million investment at its Bedford, Indiana aluminum die casting foundry to expand the production capacity of EV drive unit castings.

Motor1

GM Exec Explains Why Chevy Colorado And GMC Canyon Have Only One Engine Option

The 2.8-liter diesel is no longer available.

Motor1

General Motors Will Stick With Internal Combustion Engines Amid EV Expansion

The automaker won't abandon the traditional vehicle segments.

InsideEVs

General Motors Repairs Tesla EVs As Part Of New, Growing Business

GM repairing Tesla's EVs could be a win on many fronts. Tesla owners will have more repair options and GM's dealers will learn more about fixing EVs.

The Independent UK

GM CEO Barra says electric vehicles to be profitable by 2025

General Motors expects its portfolio of electric vehicles to turn a profit in North America by 2025

Motorsport

2022 a year of 'what could have been' for Corvette in WEC

Corvette Racing was left to wonder if the final outcome of the 2022 FIA World Endurance Championship would have been different if it wasn’t taken out by an LMP2 car at the Le Mans 24 Hours.

Autosport

Tandy: 2022 a year of "what could have been" for Corvette in WEC

Nick Tandy says Corvette Racing's 2022 World Endurance Championship campaign could have been very different without being taken out by an LMP2 car at the Le Mans 24 Hours.

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