Tag: general motors
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How President Biden’s ‘Build Back Better’ plan could bring legacy carmakers into the 21st Century
The introduction of President Joe Biden’s “Build Back Better” plan ignited some electric vehicle enthusiasts with a new sense of relief that their country was considering revamping the EV incentive program in the United States. However, some automakers, specifically Tesla, which is not unionized, will not feel the advantages of favoritism that could result in…
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Rivian is now the 2nd most valuable US carmaker after its IPO surge – and its founder R.J. Scaringe is worth $2.2 billion
Rivian had one of the biggest IPOs in history on Wednesday. Rivian Rivian is now the second-most valuable US carmaker after Tesla, and is ahead of Ford and General Motors. Its stock has surged since its IPO on Wednesday, making its founder R.J. Scaringe worth at least $2.2 billion. The EV startup has only ever…
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GM’s Cadillac set to eliminate 40% of dealerships in $274M restructuring project
General Motors’ Cadillac brand is set to eliminate around 40% of its U.S. dealerships and roll out a new electric SUV, hoping to ease into a more-committed adoption of electric vehicles. GM is one of the largest automotive brands globally and has been involved in the development of electric vehicles for several years, thanks to…
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How the Chevy Bolt EV became GM’s 1.8 billion dollar problem
General Motors has already spent $800 million on recalls of the Chevrolet Bolt EV due to defective battery cells that caused fires, but the price has gone up once again. On Friday, the automaker announced it would funnel an additional $1 billion into additional voluntary recalls of the electric sedan “out of an abundance of…
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GM goes all-in on EV battery development with new Michigan facility
General Motors is going all-in on its electric vehicle investment. The legacy automaker announced today that it would be building a new battery cell research and innovation facility, known as the Wallace Battery Cell Innovation Center, in Warren, Michigan. “Today, General Motors announced the Wallace Battery Cell Innovation Center, an all-new facility that will significantly…
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GM invests in radar software startup Oculii as demand for automated driving features rise
Oculii, a software startup that aims to improve the spatial resolution of radar sensors by up to 100-fold, has scored a new investment from General Motors. The new funding, which the two companies say is in the millions, comes just months after Oculii closed a $55 million Series B. Oculii and GM have already been…
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Sandy Munro spits facts about Tesla, the Detroit 3 & the trajectory of the US vehicle industry
Munro Live has become a channel where car expert Sandy Munro can educate the public on the inner workings of vehicles. In his latest video, Munro doesn’t hold back and spits out truths about the US government’s approach towards improving the local auto industry and its chosen champions in the fight to dominate the global car…
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Automakers have battery anxiety, so they’re taking control of the supply
Battery joint ventures have become the hot must-have deal for automakers that have set ambitious targets to deliver millions of electric vehicles in the next few years. It’s no longer just about securing a supply of cells. The string of partnerships and joint ventures show that automakers are taking a more active role in the…
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Chevy Bolt EV beats Tesla for U.S. News’ Best Electric Vehicle of 2021
The Chevrolet Bolt EV won U.S. News’ Best Electric Vehicle award for 2021, beating out notable competitors like the Tesla Model 3 and Model Y. As the automotive industry continues to transition toward electrification, U.S. News rolled out a list of its most highly-ranked electric and hybrid cars and SUVs. The list is comprehensive and…
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GM announces the Chevy Silverado EV: 400 miles of range with Ultium battery tech
General Motors announced earlier today that it will build an all-new EV under its Chevrolet brand by electrifying the Silverado pickup, a highly-dedicated and popular model that has been a top choice of GM truck buyers for years. GM will build the pickup at its Factory ZERO assembly plant in Detroit and Hamtramck, Michigan. The…