GM, Samsung plan new EV battery cell factory in U.S.
The companies said they plan to invest more than $3 billion in an electric vehicle battery cell plant that is expected to begin operations in 2026.
GM
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GM to invest $45M to expand EV parts production at Indiana plant
The investment will be used to support additional production of electric vehicle drive unit castings ahead of what GM anticipates will be strong demand for the Chevrolet Silverado EV and GMC Sierra EV full-size pickup trucks.
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Chip shortage forces GM to pause production at Indiana plant
The plant makes Chevrolet Silverados and GMC Sierra light duty pickups and employs more than 4,000 blue collar workers.
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UPDATE: Auto workers strike against GM in contract dispute
More than 49,000 members of the United Auto Workers walked off General Motors factory floors or set up picket lines early Monday as contract talks with the company deteriorated into a strike.
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Articles
About 5K GM salaried workers take buyouts, avoiding layoffs
The decision to offer buyouts comes at an uncertain time for the auto industry, which is in the midst of a transition from internal combustion to electric vehicles.
GM offers buyouts to most U.S. salaried workers to trim costs
The decision to offer buyouts comes at an uncertain time for the auto industry, which is in the midst of a transition from internal combustion to electric vehicles. GM has a goal of selling only electric passenger vehicles by 2035.
GM CEO Barra says electric vehicles to be profitable by 2025
GM is sticking by a pledge made by Mary Barra to sell more EVs in the U.S. than market leader Tesla by the middle of the decade.
Cheaper electric vehicles coming despite high battery costs
The latest announcement came Thursday from General Motors, a Chevrolet Equinox small SUV with a starting price somewhere around $30,000 and a range-per-charge of 250 miles.
Rejected by courts, retirees take last shot to save pensions
An estimated 20,000 Delphi workers, including more than 4,000 in Indiana, were hurt by the 2009 GM bankruptcy, and many have spent the past 13 years fighting to get back what they lost.
Chip shortage leaves 95K GM vehicles incomplete in storage
The chip shortage has limited the supply of new vehicles on dealer lots in the U.S. to about 1 million, when in normal years it’s about 4 million at any given time.
GM to offer electrified Corvette as early as next year
GM has set a goal of building only electric passenger vehicles by 2035. It has pledged to have 30 electric vehicle models for sale globally by 2025.
GM, Honda plan to co-develop affordable electric vehicles
The plan is to have an electric vehicle that is priced lower than the upcoming Chevrolet Equinox EV. GM plans to roll out an electric Equinox small SUV next year with a starting price of around $30,000.
GM venture picks Michigan for 3rd U.S.-based EV battery plant
General Motors and a joint-venture partner plan to build an electric vehicle battery factory in Lansing, Michigan. They say the plant would cost up to $2.5 billion and employ as many as 1,700 workers.
GM chief exec says making ventilators in Indiana changed company’s culture
CEO Mary Barra said General Motors now uses the same approach it learned making ventilators at a Kokomo factory for its own electric vehicles, software and partially automated driver-assist systems.
GM sets goal to double revenue, lead U.S. in electric vehicle sales
The company also teased upcoming new electric vehicles including a Chevrolet small SUV that will cost around $30,000, as well as electric trucks from Chevrolet and GMC, SUVs from Buick, and luxury vehicles from Cadillac.
GM and LG’s too-big-to-fail ties tested by $1B recall
GM last week recalled Bolt EVs for the third time in nine months because of risk their batteries could catch fire. At stake is what has looked like one of the most promising partnerships in the burgeoning world of electric vehicles.
GM to announce more battery plants this week
The factories would be in addition to two battery cell plants that the company announced in the past two years, both geared to ramp up production as GM rolls out 30 new electric vehicles globally by 2025, with more than two-thirds sold in North America.
GM lifts forecast as chip shortage eases, stock hits record
Shares of General Motors Co. closed at a record high Thursday after the company said its efforts to manage the global computer chip shortage have worked better than expected.
GM profit surges to nearly $3B on sales of higher-margin trucks
The company said it was able to divert precious computer chips to higher-profit models such as full-size pickup trucks and SUVs, and that brought the higher income.
Chip shortage forces more production cuts by General Motors
The shutdowns likely will crimp dealer inventory of vehicles made at the plants, but GM says it has managed to keep factories humming that make hot-selling and very profitable full-size pickup trucks and SUVs.
GM’s Chevy Bolt SUV joins parade of new U.S. electric vehicles
The Bolt will bring the total number of EVs on sale in the U.S. to at least 23, and Edmunds.com expects that figure to reach 30 this year.
Autoworkers will face uncertain future in era of electric cars
For workers at GM and other automakers, the future could be perilous. The more environmentally focused plants of the future will need significantly fewer workers, mainly because electric vehicles contain 30% to 40% fewer moving parts than petroleum-run vehicles.
Former Chevrolet plant site in Muncie eyed for solar farm
RACER Trust and Muncie officials said they have reached an agreement for the city to purchase the 53-acre main parcel of the former property.