US President Biden's Visit to the UAW Strike Would Be a Historic Event

If Joe Biden accepts the United Auto Workers' invitation to visit their picket line, it would be the first time in more than a century that the U.S. President has shown support for union workers in a labor dispute, according to a presidential historian.

Friday, the UAW invited Vice ...

GM to spend $35 billion to open battery cell development center, to cut EV costs

Highlights

• GM will be spending $35 billion on EVs
• The new facility is almost 300,000 square feet

General Motors Co said that it will spend $35 billion on EV. GM motors has said that they are planning to open a battery cell developmen...

LG ENERGY & GM TO BUILD EV BATTERY FACTORY IN THE U.S

Highlights –

• LG Energy & GM to build EV battery factory in the U.S.
• LG Energy Solution will spend 1.06 trillion won for building the factory.
• The total investment for the new EV factory is expected to be worth 2.7 trillion won.

SK HYNIX WILL NOT RETRIEVE ITS INVESTMENT IN KIOXIA HOLDINGS

Highlights –

• SK hynix will not retrieve its investment in Kioxia Holdings.
• SK hynix had joined a global consortium to invest in Kioxia in 2017.
• The consortium was led by U.S. private equity firm Bain Capital.
• Samsung, Gener...

HONDA ANNOUNCES COLLABORATION WITH U.S GENERAL MOTORS CO. AND CRUISE

Highlights –

• Honda announces collaboration with U.S General Motors Co. and Cruise.
• Honda plans to launch a service using self-driving vehicles in Japan.
• Honda plans to continue on making autonomous vehicle MaaS business in Japan a rea...

I AM OPEN TO MERGER TALKS WITH A RIVAL SAYS TESLA CEO ELON MUSK

Highlights

• World’s second richest man Elon Musk said that if one of Tesla’s rivals comes up with a plan of a merger he would be open to the discussion

• Talking with Axel Springer CEO Mathias Dofner on Tuesday, Elon Musk said though Tesla wouldn’t...

EVERYTHING ABOUT HUMMER EV, WORLD’S FIRST ALL-ELECTRIC SUPERTRUCK

Highlights

• The all new Hummer EV arrives with three electric motors that are capable of generating 1,000 horsepower, while its 24-module, double-stacked Ultium battery is claimed to provide it a range of minimum 350 miles

• According to GMC, Hummer EV is the first-...

U.S. AUTOMOBILE INDUSTRY FARES WELL IN SEPTEMBER, BUT NOT UP TO THE MARK YET

Highlights

• Automobile companies General Motors, Toyota and Fiat Chrysler reported fall of 10 percent in the auto sales in the third-quarter though this decline was lower than predicted by the industry experts

• Along with a boost from low-interest rates, another fa...

U.S. AUTO INDUSTRY ALL SET FOR A REBOUND

Highlights

• According to automakers, U.S. sales for the month of September is likely to go up and exceed the August rate of 15.2 million vehicles

• Automakers have said that their manufacturing plants are now running at close to full speed in order to re-stock showr...

ELECTRIC VEHICLE STARTUP NIKOLA TO CRUISE ON LG CHEM AND GM BATTERIES

• Nikola, a startup underscoring electric and fuel cell trucks, has plans lined up to augment the vehicles with  electric batteries co-developed by South Korea’s LG Chem and its US partner General Motors .
• The Arizona-based motor company is anticipated to install the U...

HINDENBURG RESEARCH ALLEGES NIKOLA IS AN INTRICATE FRAUD, TRUCK MAKER DENIES ALL CLAIMS

Hindenburg Research, a short-selling investment firm has accused the buzzing electric truck maker company Nikola of lying for about its products and deals with other companies for years. Hindenburg Research in its report that was published on Thursday has accused Nikola founder and present-day ex...

UBER VOWS TO SHIFT TO 100% ELECTRIC VEHICLES BY 2040

After years of criticism from environmental groups and officials over the pollution and the congestion caused by ride-hailing vehicles and calls for fleet electrification. Global ride-hailing platform, Kuber has finally taken a decision to switch to 100 percent electric vehicles. According to the...

HONDA AND GENERAL MOTORS SIGNED A DEAL TO WORK TOGETHER ON FUTURE PROJECTS

Highlights –

• Honda and General Motors signed a deal to work together on future projects.
• Both the automakers plan to explore sharing vehicle underpinnings together.
• The companies also plan to cooperate on purchasing, research, and co...

OLED: Is This the New Trend in the Automotive Industry?

South Korean electronics giant, LG, on Thursday, 06/02/2020, announced that they will be supplying the P-OLED Digital Cockpit Solution (DCS) to the luxury automotive manufacturer Cadillac. The all-new 2021 Cadillac Escalade debuted earlier in the month of February.

Organic Light Emittin...

GM TO RELEASE HUMMER BY 2022

Highlights:

• The EV Hummer’s motor will produce a power of 1,000 horsepower.
• Hummer will have a torque of 11,500 pound-feet.
• The new Hummer EV will be sold as a GMC truck.

General Motors (GM) will produce a powerful e...

Decrease of sales of US autos in 2019

Throughout 2019, General Motors announced selling 2,89 million cars on the U.S. market, up 12.7 percent from 2018. Nevertheless, GM's sales dropped 25 percent year-over-year in the fourth quarter owing to the 40-day strike by United Auto Workers, the automaker reported. For the second year in...

the founder of S. Korea's Daewoo Group, Kim Woo-Choong, departs from the world at the age of 83

SEOUL — After seeing the conglomerate, founder of the departing Daewoo company, Kim Woo-choong died as one of South Korea's greatest debt-cracked corporeal failures was transformed into a sign of its manufacturing capabilities.

Kim was the owner of the second-largest company t...

Ford and UAW

The United States has been an essential name in the auto industry as it has always been a hot market and a very sales friendly and profitable one to the car makers all over the world. But the local carmakers of the United States have seen some significant issues as the worker’s workers stri...

US automaker collaborates with defense

The auto sector of the United States has made some amazing advancements and progress that has caused many industries to integrate their tech to the auto sector just to gain popularity and take a piece of impeccable reach that the US autos have.

The United States auto major General Motor...

US auto not transitioning to EV's

As the United States is being criticized for not taking any action for the climate change that could make a huge difference as it is the nation with the most carbon footprint and the root cause for this is being pinned on the carmakers of the nation.

InfluenceMap used a definition of wh...