DETROIT (Reuters) – General Motors Corp will invest $30 million in its planned U.S. plant that will build next-generation batteries for its all-electric Chevrolet Volt, the head of GM’s flagship Chevrolet brand said on Tuesday.
Source: Reuters
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“Our selection of LG Chem was based on performance, production readiness, efficiency, durability and LG Chem’s demonstrated track record of exceptional quality,” “This is a big problem,” says Ann Marie Sastry, director of the Energy Systems Engineering Program at the University of Michigan. “Electrification of the vehicle is a paradigm change. It affects every system in the vehicle.” The paper cites a senior official of China’s Ministry of Industry and Information Technology– the state regulator of China’s auto industry– who dropped the hint that “the auto manufacturing giants in China, such as Shanghai Automotive Industry Corporation (SAIC) and Dongfeng Motor Corporation, have the capability and intention to buy some assets of the two crisis-plagued American automakers.” [...] WASHINGTON — General Motors’ (GM) shares plunged 23% Monday after a key Wall Street analyst slashed his target price for the struggling automaker’s shares to zero, saying the company could run short of cash by December and that even with government aid, shareholders are likely to lose their investment. DETROIT (Reuters) – General Motors Corp is pressing ahead with investment in a range of electric vehicles beyond its Chevy Volt even as the automaker slashes spending in other areas, sources with knowledge of the plan said. DETROIT–General Motors’ October U.S. sales plunged 45% and Ford’s dropped 30%, as low consumer confidence and tight credit combined to scare customers away from showrooms. DETROIT — Before General Motors began exploring a possible merger with Chrysler — talks that first came to light on Friday — G. M. proposed a similar deal with its other cross-town rival, the Ford Motor Company, two people with knowledge of the talks said Saturday.Source: NY Times CEDARVILLE, Ohio – General Motors Corp.’s new electric car is two years away, but already two Ohio companies are working to make the Chevrolet Volt better. General Motors Corp. is in talks with Cerberus Capital Management LP about a possible merger with Chrysler LLC, a person familiar with the matter said late Friday. A piece of good news has finally come out of Detroit’s constantly ailing auto industry. General Motors Thursday announced that the company will invest $370 million in building a new manufacturing plant for its global 4-cylinder engines in Flint, Mich. Fittingly, Flint is a city made famous in a Michael Moore documentary that detailed how the city was wronged by GM with huge layoffs for thousands of residents. [...] DETROIT (CNNMoney.com) — The applause hasn’t died down for the new Chevrolet Volt, but General Motors is already planning where the technology for this new electric car can go next. Lithium ion battery is the technology of choice for [...] Democratic Congressional leaders said on Tuesday they intend to support U.S. auto companies with at least $25 billion in low interest loans, according to a Reuters report. [...] GM considering a Pontiac version of the Volt General Motors is planning to rebadge its Chevrolet Volt electric car as an Opel or Vauxhall to bring it to Europe as part of the US carmaker’s plans to expand the model range of its highly anticipated new vehicle.
Vauxhall’s Ellesmere Port plant on Merseyside is being studied as the possible European production centre for General Motors’ revolutionary Volt electric car, it emerged yesterday. PALO ALTO, Calif. – July 22, 2008 – The Electric Power Research Institute (EPRI) announced today a research and development collaboration with General Motors and 34 top utilities to facilitate integration of plug-in hybrid electric vehicles (PHEVs) into the grid, a key step in providing the nation’s drivers an alternative to petroleum fuels. [...] |
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