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Keyword: generalmotors

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  • Pete Buttigieg: Rural Drivers Should Buy Electric Cars Because They Use the Most Gas

    11/29/2021 9:06:56 AM PST · by ChicagoConservative27 · 108 replies
    The Hill ^ | 11/29/2021 | CHARLIE SPIERING
    Transportation Secretary Pete Buttigieg said Sunday rural and suburban voters should buy electric cars because they burn the most gasoline. “The people who stand to benefit most from owning an EV are often rural residents, who have the longest distances to drive, they often burn the most gas,” Buttigieg said in an interview with MSNBC’s Jonathan Capehart. He also argued low-income suburban drivers would benefit from electric vehicles because gas near urban areas was more expensive. “They would gain the most from having that vehicle, but these are the very residents who have not always been connected to electric vehicles...
  • Big Three U.S. Automakers Agree to Not Mandate Vaccines for UAW Union Members

    11/25/2021 3:00:43 PM PST · by george76 · 33 replies
    The Conservative Treehouse ^ | November 24, 2021 | Sundance
    A big win for medical privacy and the principles of freedom. Ford, General Motors and Stellantis have agreed the United Auto Workers union members will not be forced to take the mandatory vaccine as a condition of employment. [UAW Announcement] Additionally, the vaccine status of the workers will remain private with a policy of private and voluntary disclosure. UAW – At a meeting Monday evening, the COVID-19 Joint Task Force, comprised of the UAW, Ford, General Motors and Stellantis, has aligned on a policy of voluntary and confidential disclosure of vaccination status for UAW members. Each company will provide additional...
  • Amazon Orders 100,000 Vans From Electric Startup Rivian By 2024 [Updated]

    09/19/2019 3:24:26 PM PDT · by DUMBGRUNT · 44 replies
    Jalopnik ^ | 19 Sept 2019 | Justin T. Westbrook
    Earlier this year, Amazon invested $700 million in MichiganÂ’s electric car startup Rivian, but now the company has built on that with an order for 100,000 vans to hit the roads by 2024, which is a lot of vans. These vehicles leverage much of the technology developed for the R1T and R1S, including battery, powertrain, thermal, controls, electrical network and connectivity platform. This commonality will drive meaningful scale benefits across all Rivian-manufactured vehicles. The vehicle body and interior design, application software and suspension have been developed specifically for AmazonÂ’s last-mile delivery operations, ensuring these vehicles fit seamlessly into the Amazon...
  • Ford to build new factory in Michigan for autonomous vehicles; 900 new jobs expected

    03/20/2019 10:07:02 AM PDT · by SeekAndFind · 34 replies
    CNBC ^ | 03/20/2019 | Phil Le Beau
    Ford is building a new plant in Michigan for autonomous vehicles as the company realigns some factories to focus on its future lineup of self-driving and electric cars. The new facility, scheduled to open in the next two years, will take new commercial-grade hybrid models and incorporate the self-driving technology needed to turn them into autonomous vehicles. Ford is still considering where to build the AV finishing center and has not said how many people will work there. “This facility will be about more than just putting the brains into these autonomous vehicles,” said Joe Hinrichs, Ford’s president of global...
  • Rivian - Electric Adventure Vehicle [EV pickup, SUV, made in Illinoiis]

    01/11/2019 1:54:09 AM PST · by SunkenCiv · 50 replies
    YouTube ^ | January 10, 2019 | Fully Charged
    Rivian - Electric Adventure Vehicle | Fully Charged
  • Ford invests $500 million in electric pickup startup Rivian, will make an EV together

    04/24/2019 6:32:14 AM PDT · by DUMBGRUNT · 40 replies
    Electrek ^ | 24 April 2019 | Fred Lambert
    Along with the investment, Ford confirmed that it will use Rivian’s electric platform to develop a Ford-branded all-electric vehicle. Last year, we took a close look at Rivian’s electric platform, which the startup claims enable a range of up to 400 miles. Rivian was already using Ford F-150 pickups as test mules to test its powertrain for its own R1T pickup, but the two companies confirmed that the vehicle they are partnering on is not an electric F-150.
  • 7 takeaways from Rivian's IPO filing

    10/04/2021 11:09:35 AM PDT · by SunkenCiv · 43 replies
    TechCrunch ^ | October 1, 2021 | Kirsten Korosec, Alex Wilhelm
    Rivian, the electric automaker backed by Amazon, Ford and a cornucopia of heavy-hitting institutional investors like T. Rowe Price Associates and Coatue, finally made its once-confidential IPO filing public.The company, which started in 2009 as Mainstream Motors before adopting the Rivian name two years later, has exploded in terms of people, backers and partners in the past few years. Rivian operated in secret for years before it revealed prototypes of its all-electric R1T truck and R1S SUV at the LA Auto Show in late 2018. Since then, Rivian has raised about $11 billion ($10.5 billion of which was raised since...
  • EV start-up Rivian is valued at $86 billion after market debut, higher than Ford

    11/11/2021 7:37:48 AM PST · by Red Badger · 49 replies
    https://www.cnbc.com ^ | PUBLISHED WED, NOV 10 20219:19 AM ESTUPDATED WED, NOV 10 20216:42 PM EST | Lora Kolodny - Annie Palmer
    KEY POINTS Shares of Rivian, an electric vehicle start-up backed by Amazon and Ford, opened at $106.75 per share on its first trading on Wednesday. At its opening price, Rivian is already worth more than automakers Ford and GM. ======================================================================== Rivian Automotive shares ended the day up 29% in their debut Wednesday, giving the Amazon and Ford-backed electric vehicle start-up a market valuation of $86 billion after one of the biggest IPOs this year. Shares of Rivian originally priced at $78 a piece Tuesday night, but popped more than 50% Wednesday when it opened at $106.75 per share, before paring...
  • Electric automaker Rivian valuation pops above GM, Ford in the biggest IPO of 2021

    11/11/2021 9:45:01 AM PST · by SeekAndFind · 31 replies
    Tech Crunch ^ | 11/11/2021 | Kristen Korosec
    The euphoria around Rivian kicked into overdrive Wednesday as it debuted as a publicly traded company, with an opening share price of $106.75. If that sticks, it would give Rivian an implied valuation of $90 billion. The opening trade was nearly 37% higher than its listed IPO price of $78. That absolute eye-popping number makes Rivian one of the largest IPOs in U.S. history and puts its market cap above GM as well as one of its backers, Ford (GM’s market cap is $86.31 billion; Ford’s is $78.2 billion).That share price continued to rise after it began trading around 1...
  • Cadillac Drops 40% of Dealerships Unwilling to Invest in the Conversion to Electric Vehicles

    11/09/2021 7:15:35 PM PST · by M. Dodge Thomas · 167 replies
    Reuters ^ | Nov 8, 2021 | Joseph White
    Cadillac has largely completed a restructuring of its U.S. dealer network and expects to have 560 dealers by the end of this year, compared with about 920 three years ago, said Rory Harvey, head of the global Cadillac brand. GM (GM.N) has booked a total of $274 million in costs during 2020 and 2021 related to the effort to buy out Cadillac dealers who were not prepared to invest $200,000 to $500,000 per store in the equipment and training to support the brand's shift to an all-electric vehicle lineup, planned by 2030.
  • Ford, GM and BMW WILL SOON CRASH!

    10/31/2021 5:56:15 PM PDT · by SunkenCiv · 83 replies
    YouTube ^ | October 25, 2021 | Connecting The Dots
    If you're a Tesla and EV fan, you might be aware that an EV Tsunami is about to arrive from China towards western OEM shores.In this video I'll show, with some help from Sandy Munro and The Limiting Factor:* WHEN this Tsunami of Chinese EVs should start* and HOW it would affect the sales of Western OEMs such as BMW, GM and Ford - as well as their stock pricesBOTTOM LINE - The Chinese EV invasion should arrive MUCH FASTER than most people (even you!) might think, and its effects on Western OEM's competitiveness and stock prices will be DEVASTATING.Ford,...
  • GOP Rep. Nehls: We Shouldn’t Fund Electric Charging Stations in $1.2 Trillion Bill, GM and Tesla Should Pay for Them

    10/03/2021 6:47:18 AM PDT · by MarvinStinson · 102 replies
    breitbart ^ | 2 Oct 2021 | IAN HANCHETT
    On Saturday’s “Fox News Live,” Rep. Troy Nehls (R-TX) argued against funding for electric vehicle charging stations in the $1.2 trillion spending bill by saying that the government doesn’t build gas stations and “General Motors and Tesla should be paying for these.” Nehls said that while he does support spending on roads and bridges, he objects to spending on charging stations for electric vehicles, and “We shouldn’t be using taxpayer dollars to fund that. When’s the American — when has government ever built a gas station? So, why are we spending billions of dollars on putting these electrical vehicle stations...
  • New Vehicle Sales Plunge As Prices Soar Amid Supply Chain Chaos, Chip Shortages, & Depleted Inventories

    10/05/2021 4:03:38 PM PDT · by blam · 53 replies
    Zubu Brothers ^ | 10-5-2021 | Wolf Richter via WolfStreet.com,
    Total new vehicle sales in September dropped to 1.01 million vehicles, down 37% from 1.6 million vehicles in March, when there were still enough new vehicles to sell. The industry-standard Seasonally Adjusted Annual Rate (SAAR) of sales – which adjusts for the number of selling days per month and for seasonal factors, and converts the monthly sales into what sales would be for an entire year – plunged for the fifth month in a row, by 29% year-over-year, to 12.2 million units SAAR, the lowest, outside of the two lockdown months, since June 2011 ,according to data from the Bureau...
  • EV buyers beware – fires, scarce charging times, and parking restrictions

    10/01/2021 6:13:03 AM PDT · by Renkluaf · 30 replies
    CFACT ^ | 9/30/21 | Ronald Stein
    In the wake of a series of severe EV battery fires, one of the largest vehicle manufacturers in the world, General Motors has just issued safety recommendations for Bolt EV’s: Not to park your Chevy Bolt within 50 feet of other vehicles in case it catches fire. Highly recommends that Bolt EV owners not to park within 50 feet of anything you care about. Recommends parking on the top floor or on an open-air deck and park 50 feet or more away from another vehicle. Requests Bolt EV owners to not leave their vehicle charging unattended, even if they are...
  • About 150 U.S. Cadillac Dealers to Exit Brand, Rather Than Sell Electric Cars

    12/04/2020 2:19:36 PM PST · by Responsibility2nd · 94 replies
    Wall Street Journal ^ | 12-04-2020 | Mike Colias
    About 17% of Cadillac’s 880 U.S. dealerships decide against spending for necessary upgrades About 150 General Motors Co . dealers have decided to part ways with Cadillac, rather than invest in costly upgrades required to sell electric cars, according to people familiar with the plans, indicating some retailers are skeptical about pivoting to battery-powered vehicles. GM recently gave Cadillac dealers a choice: Accept a buyout offer to exit from the brand or spend roughly $200,000 on dealership upgrades—including charging stations and repair tools—to get their stores ready to sell electric vehicles, these people said. ~snip~ Most dealers who accepted the...
  • GM recalling another 70,000 Chevrolet Bolt electric cars

    08/23/2021 11:54:32 AM PDT · by Hojczyk · 45 replies
    CNN Business ^ | Fri August 20, 2021 | By Peter Valdes-Dapena,
    General Motors is recalling another 73,000 Bolt EV and EUV electric vehicles in the United States and Canada for a problem that could cause the vehicles to catch fire. GM had earlier announced that the recall would cost $800 million, but that was before the recall was expanded to cover all remaining Bolt vehicles. The recall is now expected to cost an additional $1 billion. The recall comes after GM had previously recalled about 70,000 Bolt vehicles for the same potential problem. The recall now covers Bolt EV and EUVs from 2017 to 2022. GM had previously said that the...
  • GM recalls Bolt EVs again because some batteries may pose fire risk

    07/23/2021 4:11:32 PM PDT · by george76 · 40 replies
    yahoo ^ | July 23, 2021 | Jamie L. LaReau
    General Motors is recalling tens of thousands of Chevrolet all-electric Bolt hatchbacks for the second time in less than a year because of a potential fire risk. The company made the move on Friday after two Bolts caught fire without impact recently. GM is confirming that at least one of the Bolt fires was battery related and happened despite the owner getting the fix from the first recall. This time, GM said it would recall all 2017-19 model-year Bolts. In total, the recall involves 68,000 vehicles globally; of those, 50,925 are in the United States. The vehicles contain high voltage...
  • GM warns some Bolt owners to park outdoors due to fire risk

    07/14/2021 4:18:52 PM PDT · by george76 · 53 replies
    News 19 ^ | Jul 14, 2021
    General Motors is telling owners of some older Chevrolet Bolts to park them outdoors and not to charge them overnight because two of the electric cars caught fire after recall repairs were made. The company said Wednesday that the request covers 2017 through 2019 Bolts that were part of a group that was recalled earlier due to fires in the batteries. The latest request comes after two Bolts that had gotten recall repairs caught fire, one in Vermont and the other in New Jersey, GM spokesman Kevin Kelly said. Owners should take the steps “out of an abundance of caution,”...
  • 1,600 Layoffs Coming at Northern Illinois Jeep Cherokee Factory

    05/19/2021 7:06:19 AM PDT · by george76 · 66 replies
    5 Chicago / ap ^ | May 15, 2021
    Some 1,600 jobs are being cut at a Jeep Cherokee factory in northern Illinois as automakers continue being plagued by the global shortage of semiconductors. The U.S. arm of Stellantis, formerly known as Fiat Chrysler, said Friday it was cutting one of the two work shifts at its Belvidere Assembly Plant as of July 26. That could result in the layoffs of 1,641 workers, .... the factory’s situation “has been further exacerbated by the unprecedented global microchip shortage,” Tinson said. The Belvidere facility has been idled since late March, with Stellantis repeatedly delaying the reopening that is now not expected...
  • GM Announces $1 Billion Investment in Mexico to Build Electric Vehicles

    04/30/2021 7:57:42 AM PDT · by ChicagoConservative27 · 50 replies
    Breitbart ^ | 04/30/2021 | John Carney
    Less than one day after President Biden proclaimed American workers would build the electric vehicles necessary to bring us into the zero admissions future, General Motors said it plans to invest more than $1 billion in Mexico to produce electric vehicles. The automaker said Thursday it would make a $1 billion investment in its Ramos Arizpe production facility. The plant will begin producing at least one electric vehicle beginning in 2023, the company said.