GM to boost EV and AV investments to $35 billion – New Business Ethiopia newbusinessethiopia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newbusinessethiopia.com Daily Mail and Mail on Sunday newspapers.
$110 billion in revenue and 3.9 million production vehicles this year due to the semiconductor shortage.
Fordannounced shift reductions and additional downtime for two plants in Michigan and Kentucky for the week of May 24, impacting production of the
F-150, and the Escape and Lincoln Corsair SUVs.
A record 10% increase in
used vehicle prices between March and April accounted for approximately one-third of the overall rise in the most recent Consumer Price Index.
The
Mexican Labor Ministryinvalidated a union vote at a GM plant in Silao after
United States Trade Representative Katherine Tai asked the Mexican government to examine allegations that employees’ rights were denied; this marks the first time the federal government initiated an action under the USMCA’s labor dispute enforcement tool.
$110 billion in revenue and
3.9 million production vehicles this year due to the semiconductor shortage.
Ford announced shift reductions and additional downtime for two plants in Michigan and Kentucky for the week of May 24, impacting production of the
F-150, and the Escape and Lincoln Corsair SUVs.
A record 10% increase in
used vehicle prices between March and April accounted for approximately one-third of the overall rise in the most recent Consumer Price Index.
The
Mexican Labor Ministry invalidated a union vote at a GM plant in Silao after
United States Trade Representative Katherine Tai asked the Mexican government to examine allegations that employees’ rights were denied; this marks the first time the federal government initiated an action under the USMCA’s labor dispute enforcement tool.
Cruise plans to start making autonomous Origin shuttle in 2023
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Detroit Production of autonomous vehicle company Cruise LLC s self-driving shuttle is expected to start in early 2023, company CEO Dan Ammann said Thursday during a Financial Times conference.
Ammann, the former president of General Motors Co., which largely owns Cruise, revealed the production timeline for the Cruise Origin while speaking with Financial Times at its Future of the Car summit.
The reveal is the first time Cruise has given a solid timeframe for production of the Origin, which will be built at GM s Factory Zero at Detroit-Hamtramck Assembly Center, where the new GMC Hummer EV and the electric version of the Chevrolet Silverado will be built.
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General Motors has renamed its Detroit-Hamtramck Assembly plant in Michigan ‘Factory Zero’ as it transforms the site into its first dedicated electric vehicle plant.
“General Motors today announced its Detroit-Hamtramck Assembly Center will be known as Factory Zero, reconfigured to an all-electric vehicle assembly plant,” the automaker said in a prepared statement. “The name Factory Zero reflects the significance of this facility in advancing GM’s zero-crashes, zero-emissions and zero-congestion future”
GM is investing a massive $2.2 billion into Factory Zero for retooling and various other upgrades – the single largest investment the company has ever made into a manufacturing facility at one time. Both the GMC Hummer EV SUT and SUV will be built at Factory Zero, along with the new Cruise Origin robotaxi. Other GM EVs will also be built at the plant, the automaker said, but it has not confirmed any beyond the Hummer EV and Origin.