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Topic

General Motors Co

GM buyouts cut 5,000 jobs

GM buyouts cut 5,000 jobs

Published 05 Apr, 2023 06:16am
NEW YORK: About 5,000 General Motors Co salaried workers took buyouts to leave the company, putting the company well...
GM to invest $71mn for new design and tech campus in California

GM to invest $71mn for new design and tech campus in California

Published 13 Jul, 2021 05:39pm
  • General Motors said the campus will include an innovation lab and immersive technology capabilities, including augmented and virtual reality.
  • GM presented in January a futuristic flying Cadillac - a self-driving vehicle which takes off and lands vertically and carries the passenger above the streets and through the air.
GM boosts spending on electric vehicles, to add two new US battery plants

GM boosts spending on electric vehicles, to add two new US battery plants

Published 16 Jun, 2021 07:08pm
  • The No. 1 US automaker said it will now spend $35 billion through 2025 on EVs, an increase of 75% from March 2020 before the COVID-19 pandemic shut down the industry.
  • GMT's announcement comes less than a month after rival Ford Motor Co upped its EV spending by more than a third to over $30 billion by 2030.
GM profit shrugs off chip shortage with high-priced pickups, SUVs

GM profit shrugs off chip shortage with high-priced pickups, SUVs

Published 05 May, 2021 06:18pm
  • Barra added that the No. 1 US automaker's "supply chain and manufacturing teams are maximizing production of high-demand and capacity-constrained vehicles."
  • In a conference call with reporters, Barra said that the chip shortage will worsen in the second quarter before starting to improve in the second half of the year.
GM, LG Energy Solution to build 2nd US battery plant in Tennessee

GM, LG Energy Solution to build 2nd US battery plant in Tennessee

Published 16 Apr, 2021 07:57pm
  • The planned 2.8 million-square-foot plant, scheduled to open in late 2023, will employ 1,300 people and is expected to have a production capacity similar to the companies' Ultium Cells joint-venture plant in Lordstown, Ohio, of about 35 gigawatt-hours as they move to respond to the growing demand in the electric vehicle market.
  • LG Chem said in a regulatory filing that its LG Energy Solution unit will invest $933.5 million in the plant between this year and 2023.
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