China-owned SAIC to slash jobs at GM & VW ventures [Rumor]

China-owned SAIC plans to cut thousands of jobs from its joint ventures with General Motors (GM) and Volkswagen.  According to people familiar with the matter, the automaker plans to cut 30% of employees at SAIC-GM and 10% of workers at SAIC Volkswagen. The sources also claim that the company plans to lay off workers at […]

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GM’s Factory Zero leaving ‘production hell’ 

General Motors’ (GM) battery plant in Michigan, named Factory Zero, is leaving production hell.  General Motors has been experiencing its own version of production hell with Factory Zero. The term ‘production hell’ was first coined when Tesla struggled to ramp up Model 3 production a few years ago. Factory Zero is dedicated to electric vehicle […]

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General Motors’ software & services executive steps down

On Tuesday, March 12, General Motors’ (GM) Executive Vice President of Software and Services, Mike Abbott, will step down from his position due to health reasons.  [I] t’s with great disappointment to share that [I] ‘m stepping down from my role at GM. Since late last year, [I] ‘ve been facing some serious health issues […]

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General Motors recalls Chevy Silverado EV

General Motors (GM) issued a safety recall for the 2024 Chevy Silverado EV. GM informed the National Highway Traffic Safety Administration (NHTSA) of the recall due to the Chevy Silverado EV’s second center seat. “General Motors (GM) is recalling certain 2024 Chevrolet Silverado EV vehicles. An incorrect seat belt bezel on the second center seat […]

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GM may have found its solution to its Ultium bottlenecks

General Motors may have found its solution to the trouble and bottlenecks it has had with the Ultium battery project. That solution lies within Kurt Kelty, a former Tesla battery technology senior director, who will join General Motors later this month as the company’s Vice President of Batteries. Kelty was with Tesla for 11 and […]

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LG Chem signs $19 billion battery deal with GM

LG Chem is signing a nearly $19 billion deal with General Motors that will see the battery company supply the automaker with battery materials over the course of ten years. LG Chem announced today that it would supply 500,000 tonnes of cathode material to GM through 2035. The materials will be produced at the company’s […]

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GM CFO estimates variable EV profitability in second half of 2024

General Motors (GM) may not be catching up to electric vehicle leaders like Tesla anytime soon, but CFO Paul Jacobson has noted that the automaker’s EV business is still on the right path. The executive seemed optimistic about GM’s electric vehicle business, even noting that he sees variable profitability being achieved sometime in the second […]

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