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General Motors Co

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

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

  • 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.
Published 13 Jul, 2021 05:39pm
GM profit shrugs off chip shortage with high-priced pickups, SUVs
Business & Finance

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

  • 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.
Published 05 May, 2021 06:18pm
GM, LG Energy Solution to build 2nd US battery plant in Tennessee
Business & Finance

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

  • 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.
Published 16 Apr, 2021 07:57pm