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GM unveiled big plans at this year’s Consumer Electronics Show for electric vehicles — driverless “shuttle” vans and even – imagine this – flying cars. CEO Mary Barra, the keynote speaker, unveiled a new company logo and highlighted innovative new vehicles. The company has created a new unit called BrightDrop that will sell its EV600 […]
General Motors formally teamed up with Nikola Motors, inking a deal yesterday to help the electric-truck startup to develop and manufacture new electric truck models, in exchange for an 11% stake in Nikola Corp, The Wall Street Journal reported. Both company’s stock prices jumped after the announcement showing that investors are still sweet on big […]
The President late on Friday finally used his Defense Production Act authority to order General Motors to begin to make ventilators, and the CEO Elon Musk of Tesla said the company’s New York electric vehicle factory will reopen in order to make ventilators and will also purchase and donate devices to the New York hospitals.
Last week, the CEO of General Motors rolled out the company’s extensive plans to manufacture electric vehicles across all its brands and vehicle models and it even hopes to rejuvenate its luxury Cadillac brand by offering high-end EVs that will compete with Tesla, according to The New York Times.
General Motors announced big plans to invest $2.2 Billion in a plant in Detroit in a plant that will build only electric vehicles including the company’s first all-electric pickup truck and the first of multiple electric truck models (reportedly including a Hummer) and an autonomous vehicle they will build the plant in the coming years.
Why This Matters: They are not wasting any time — GM’s first all-electric pickup is expected to begin in late 2021.
Three major automakers announced late Monday that they join the ongoing litigation on clean cars in support of the federal government’s authority to decide whether there should be a single, federally mandated standard fuel economy standard, although the companies stopped short of endorsing the administration’s proposal to roll back fuel efficiency standards for cars.
Why This Matters: The car companies need certainty so that they can plan ahead, cut the cost of regulatory compliance and avoid having to meet numerous different standards for different states. The California clean-car standard is essential for the U.S. to cut carbon emissions. These companies know that California is within its rights under the Clean Air Act to set a tougher standard and they should be working to electrify the fleet not double down on continuing with fossil fuels.
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