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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 set to launch 10 EVs in South Korea by 2025

General Motors is set to launch 10 electric vehicles for the South Korean market by 2025. Steven Kiefer, the head of GM's international operations said that they are not planning to manufacture the EVs in the country as of now.

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

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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...

GENERAL MOTORS FIRES ALL WORKERS FROM PUNE FACTORY

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General Motors has fired all employees in its Pune factory.
Total 1419 workers were fired.

Among layoffs in the Indian Automobile Sector, the latest one appears to be one of the biggest as General Motors has fired all of i...

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

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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

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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...

LG ENERGY SOLUTION TO INVEST OVER $4.5 BILLION IN US BATTERY PRODUCTION

Highlights

• The two companies are at present building a battery factory worth $2.3 billion in Lordstown, Ohio will be employing nearly 1,000 people after its completion in 2022

• Jong Hyun Kim, CEO of LG Energy Solution said “The goals of the US president and ...

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

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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

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• 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...

GM ASKED TO RECALL 5.9 MILLION VEHICLES OVER FAULTY AIRBAGS

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• GM needs to recall the 2007-2014 model year trucks and SUVs as the inflators are at the risk of the same type of explosion to high heat and humidity as other recalled Takata inflators

• According to the GM estimation in securities filings, if at all requ...

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

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• 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

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• 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

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• 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...

GENERAL MOTORS WILL BE THE FIRST AUTOMAKER TO USE WIRELESS BATTERY MANAGEMENT SYSTEM

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• This wBMS has been developed with Analog Devices,Inc. will be primary driver of General Motors' ability to power various types of electric vehicles with the help of a common set of battery components

• Henderson said that Analog Devices’ collab...

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...