Tag: gm
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Why new EV incentives are the nail in the coffin for ICE manufacturers
The newly-revised electric vehicle incentive program, which is a part of President Biden’s Build Back Better plan, could officially spell the end of the combustion engine era in the American automotive industry. The new EV tax credit breakdown could award as much as $12,500 for an EV purchase, but that’s not the best part. As…
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Automakers’ Stocks Are Still Climbing Even As Sales Fall. Confused?
Car sales have tumbled around the world as the global shortage of computer chips forces carmakers to reduce production, and in some cases stop it altogether. So you might expect that kind of bleak picture to send the stock prices of automakers plunging in response. But that’s not what’s happening. In fact, the opposite is…
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GM Ends Its Lawsuit Against Ford For The ‘BlueCruise’ Name
General Motors says it has resolved its lawsuit against Ford over its rival’s use of the term ‘BlueCruise’ for its hands-free driving assistance system. GM initially sued Ford for copyright infringement in July, asserting that Ford’s BlueCruise too closely resembled GM’s self-driving car division Cruise, as well as its SuperCruise hands-free driving assistance system. Speaking…
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Lordstown Motors jumps as the struggling EV maker is reportedly nearing a deal to sell Ohio factory to Foxconn
Lordstown Motors. Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images Lordstown Motors is planning to sell its Ohio factory to Foxconn, Bloomberg reported. The companies would work in parallel at the plant, according to the report. The deal could be announced as soon as this week. See more stories on Insider's business page. Lordstown…
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Elon Musk And Mary Barra Among TIME’s 100 Most Influential People Of The Year
TIME magazine has released their annual list of the 100 most influential people of the year and it’s filled with the usual assortment of celebrities and politicians. However, there are two big names from the automotive sphere, and they’re General Motors CEO Mary Barra and Tesla CEO Elon Musk. Needless to say, they’re two of…
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U.S. EV buyers will get the $7,500 tax credit with a few catches
The United States Electric Vehicle Tax Credit is one of the most notable advantages of purchasing a battery-electric car. The $7,500 check sent to buyers by the Federal Government incentivizes the purchase of sustainable passenger vehicles, so long as the company you are buying from has not sold 200,000 electrified units, which disqualifies Tesla and…
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Tesla’s snub from White House EV event: the Pros and Cons
As the United States government continues its monumental push of domestic automakers to transition to electrification, President Joe Biden and fellow White House staff have invited companies like Ford, General Motors, and Stellantis to Washington to discuss what steps can be taken at the federal level to reach lofty EV delivery goals. However, perhaps the…
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GM is bringing its upgraded hands-free Super Cruise driving system to six vehicles in 2022
GM is rolling out three major upgrades including automatic lanes changes and towing support to its hands-free driver assistance system Super Cruise and making it available in six vehicles, including the 2022 all-new GMC Hummer EV pickup truck. While GM has steadily improved Super Cruise since its introduction in 2017, for years it has been…
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GM, Wuling Make Just $14 Profit Per Car On China’s Best-Selling EV
China’s best-selling EV last year was the newly introduced Hong Guang MINI EV, which is produced by General Motors and its Chinese partner Wuling. This year, some projections suggest that the automaker might sell as many as 400,000 units of the car. One of the biggest appeals of the little EV is its price, as…
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The Station: Robotaxi apps on the rise, an AI pioneer’s new startup and mobility event highlights
Welcome and welcome back to The Station, a weekly newsletter devoted to all the ways individuals and bundles proceed (now and in the future) from Point A to Point B. Welp, the mobility event is over and we had loads of intriguing interviews — and anybody having an Extra Crunch subscription can get into the…