DEARBORN - Ford's big venture into autonomous vehicles cost it a whopping $2.7 billion write-off. GM isn't showing any signs of slowing its pursuits. Over the past few years, unmistakable buzz has surrounded autonomous vehicle technology as start-ups and major manufacturers are both battling to be king of a new frontier. However, with Ford Motor Company's
WASHINGTON, D.C. — DOE Gives $2.5 Billion Loan To Help Finance EV Battery Plants In Michigan, Ohio And Tennessee. Ultium Cells, a joint venture between General Motors and LG Energy Solution, will manage battery cell production at the three facilities to address the growing U.S. consumer demand for electric vehicles. The project is expected to
DETROIT - General Motors and battery manufacturer Microvast are partnering to develop new electric vehicle battery technology and build a factory in the United States with hundreds of jobs to manufacture what they call specialized separators. The two companies announced the partnership Wednesday, saying the factory and the specialized separator technology development will be funded
DETROIT - Motorists are increasingly being forced to pay tacked-on fees and even sign up for pricey subscriptions to get basic features on their cars — and auto giants are telling investors this is only the beginning. BMW’s recent move to charge car owners in several countries $18 per month to turn on the heated seats in
DETROIT - GM says it will have its own family of microchips locked in by 2025, a move that is expected to offset future chip-related production delays. In a recent interview with Associated Press, GM CEO Mary Barra said that GM is moving toward three families of microchips that the automaker will buy and control directly. This is
DETROIT - General Motors has been deploying its GM Ventures arm to kickstart next-generation clean tech that supports its stake in the global auto industry, and the latest venture is a doozy. The autonaker has spearheaded a round of up to $10 million in funding for a new floating wind turbine system that looks like
DETROIT - General Motors has just decided to drastically reduce the prices of its entry-level model, the Chevy Bolt. This vehicle, dubbed the "Tesla Killer" of the Detroit vehicle manufacturer, will be sold below the symbolic bar of $30,000. The Chevy Bolt will thus become the most affordable electric vehicle on the market. The price
DETROIT - A free Java Programming Nanodegree sponsored by General Motors is for individuals in the Detroit metro who are looking to gain skills to start or advance a tech career. GM is focused on providing opportunities to underrepresented groups in tech, however anyone can apply. The scholarship will provide learners with job-ready Java Programming
DETROIT - Some time ago we moved the Corvette team into the EV space in Warren, Michigan, and when we revealed the new mid-engine Corvette, I said there would be “more to come.” This morning I (Mark Reuss GM President) sat down with Phil LeBeau of CNBC and finally answered the question I’ve been asked
DETROIT - General Motors CEO Mary Barra recently turned to the past to define the present. Barra crafted the company's statement of purpose, which GM introduced to all employees in January. When composing the statement, Barra said she struggled at first to find the right words, only to find inspiration from GM's 100-year-old articles of incorporation. Barra, who spoke on
