Tag Archives: General Motors

LG Electronics will Build Electric Vehicle Components Production Facility In Michigan

LG Electronics will Build Electric Vehicle Components Production Facility In Michigan

LANSING, Mich., Aug. 22, 2017 /PRNewswire/ — LG Electronics Inc. today announced plans to establish a U.S. factory for advanced electric vehicle (EV) components in Michigan. The 250,000-square-foot facility, in the Detroit suburb of Hazel Park, Mich., will produce EV components starting in 2018.   LG Betting on EV Components Vehicle components represent the fastest-growing business of global technology leader LG

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General Motors acquires OSVehicle to build EDIT

General Motors acquires OSVehicle to build EDIT modular self-driving electric car white-label

a new modular self-driving electric car, in white-label. Today, OSVehicle is announcing its acquisition by General Motors Company. GM already bought another Y Combinator backed company Cruise Automation in March last year to focus on key long-term technologies such as autonomous driving technology and vehicle safety. GM will now utilize OSVehicle’s open source hardware expertise to develop EDIT, a self-driving car, based

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BOOK by Cadillac, a Bold New Luxury Vehicle Car-sharing Subscription

Rather than owning a single vehicle, members can switch between different Cadillacs to best suit their needs with this first-of-its-kind subscription service from an OEM. For a flat monthly fee, BOOK by Cadillac gives members access to popular Cadillac vehicles without the commitment of leasing, financing or buying. “BOOK by Cadillac is an innovative new option targeted at a growing class

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GM Joins Car-Sharing Fray in China

The investment in Yi Wei Xing may be a signal that the automaker is likely looking to bring its Maven car-sharing brand to China General Motors Corp’s investment in a Chinese car-sharing application developer demonstrates the auto maker’s keen interest in the world’s largest auto and car-sharing market, observers said. GM on Wednesday declined to reveal the size of its investment in Yi Wei Xing (Beijing) Technology Co Ltd, which developed Feezu, a car-rental and car-sharing app that merges hardware and software and enables users to rent vehicles by the minute, hour or day. “It is GM’s first investment in a startup in China related to urban mobility,” a company spokeswoman told Reuters. “This cooperation is very important to our company to explore the ride-sharing market in China.” “Only time will tell if this move is significant, but it shows that GM is paying close attention to the Chinese market,” said Eric Dennis of the Center for Automotive Research in Ann Arbor, Michigan, in an email. The investment and strategic alliance will leverage Yi Wei Xing’s technical offering, and are in line with GM’s drive to explore new car-sharing models, gain insights into China’s rapidly changing car-sharing market and develop a deep understanding of Chinese consumers’ personal mobility needs. The

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American Hybrid Car Goes on Sale in China

Buick LaCrosse Hybrid went on sale in China this week General Motors will market hybrid-powered vehicles with partner SAIC Motor Corp. under the Buick, Chevrolet and Cadillac brands. SAIC General Motors Co. will introduce the Chevrolet Malibu XL hybrid, Buick LaCrosse hybrid and  Cadillac CT6 plug-in hybrid in China this year. The Malibu and LaCrosse will feature a 1.8-liter engine

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GM Cadillac’s New Retail Plan Face Resistance from Dealers

Project Pinnacle would create a roughly 8% difference in cost of vehicles between top-tier dealers and those not participating In a letter signed by dealer associations from seven states, Cadillac President Johan de Nysschen was accused of creating a program that they consider “is the most serious attack on their survival they have seen.” Mr. de Nysschen has been in the process of

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China Auto Sales Driven by Demand for Small-Mid size SUVs

China’s passenger-vehicle sales accelerated the most in 17 months, as General Motors Co. and Guangzhou Automobile Group Co. boosted deliveries and dealers offering discounts helped clear inventories in the world’s biggest auto market. Deliveries for GM increased 18 percent to 270,529 units in July, while Ford Motor Co.’s rose 15 percent to 88,189 vehicles. Toyota Motor Corp.’s sales gained 5.7 percent

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Toyota Partners Japan Taxi Group on Self-Driving Technology Experiments

Toyota Motor Corp. said it will collaborate with Japan’s taxi association, weeks after the group excoriated the automaker’s alliance with Uber Technologies Inc. The Japan Federation of Hire-Taxi Associations and Toyota will establish a task force that regularly meets on items including experimentation with automated driving technology, the carmaker said in a statement Friday. Toyota has a next-generation taxi model

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Flexible Labor Laws Drive Automakers to Spain

Germany’s Volkswagen AG and Daimler AG have recently ramped up their production capacity in Spain, encouraged by relatively flexible labor laws and a vast network of local parts suppliers. The country has become Europe’s second-largest producer of vehicles behind Germany, and the eighth-biggest in the world. Spain’s appeal comes largely from labor reforms enacted in 2012. The reforms made it

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