GM Super News Ticker

General Motors (NYSE: GM) is taking another major step forward in creating a strong, sustainable and scalable supply chain for electric vehicles. Today, GM and VAC of Germany announced plans for VAC to build a plant in the U.S. that will manufacture permanent magnets for the electric motors used in the GMC HUMMER EV, Cadillac LYRIQ, Chevrolet Silverado EV and more than a dozen other models using GM’s Ultium Platform. The new plant would plan to use locally sourced raw materials. View the full article

General Motors announced today plans to invest more than $51 million to install state-of-the-art equipment at its Bedford, Indiana aluminum die casting foundry to support the manufacture of drive unit castings for the upcoming Chevrolet Silverado EV and other current casting applications. View the full article

Today, BrightDrop announced the opening of its first dealership, BrightDrop Greater Los Angeles in Fontana, California, marking another step toward commercialization of the company’s electric light commercial vehicles (eLCVs) for integration into customer fleets before the end of the year. View the full article

General Motors (NYSE: GM) and POSCO Chemical today announced plans to form a joint venture through which the parties will construct a factory in North America to process critical battery materials for GM’s Ultium electric vehicle platform. The joint venture will process Cathode Active Material (CAM), a key battery material that represents about 40 percent of the cost of a battery cell. The location of the facility, which will create hundreds of jobs when it opens in 2024, will be announced later. View the full article

Today, General Motors announced it has joined the Initiative for Responsible Mining Assurance (IRMA), adding another element to company programs that support the sustainability and human rights of the EV supply chain. View the full article

General Motors (NYSE: GM) announced today it has acquired a 25 percent ownership stake in Pure Watercraft, a Seattle-based company that specializes in creating all-electric boating solutions. View the full article

Cadillac engineers recently completed the “80 percent” validation drive for the 2023 Cadillac LYRIQ — a critical milestone in Cadillac’s first luxury EV’s development, marking a transition to the final stage prior to production. By confirming that all components and technologies are at or beyond 80 percent, engineers can now focus on fine tuning LYRIQ prior to production. View the full article

BrightDrop, the technology startup helping decarbonize last-mile deliveries, today announced that Merchants Fleet, the nation’s fastest growing fleet management company, plans to expand its purchase order to 18,000 BrightDrop electric vehicles with the addition of 5,400 EV410s – the recently unveiled mid-size electric light commercial vehicle (eLCV). View the full article

Today, General Motors marks a major milestone in its commitment to an all-electric future as President Joe Biden, International UAW and UAW Local 22 leadership, plant employees and other officials join together to celebrate the grand opening of the Factory ZERO EV assembly plant. View the full article

The General Motors Spring Hill Assembly Plant will host a local job fair next week to fill more than 100 positions for full-time production team members. Candidates may receive same-day job offers. View the full article

General Motors is excited to welcome President Biden to Factory ZERO on Wednesday, Nov. 17, as the company opens the doors to its all-electric assembly plant in the heart of Detroit and Hamtramck, Michigan. Factory ZERO is the culmination of GM’s multibillion-dollar U.S. investment in people, product and process. The electric trucks, SUVs and autonomous vehicles built at Factory ZERO will transform GM and the automotive industry. View the full article

Today, General Motors announced the immediate restructuring of its Information Technology function into two groups – the Digital Business Software team and the Global IT organization – to support its goal of growing software-enabled services revenue to $20 billion to $25 billion annually by 2030. View the full article

GM Defense LLC welcomed Deputy Secretary of Defense Kathleen Hicks earlier today at the GM Technical Center, highlighting how GM’s defense and government-facing business will support the Department of Defense (DoD) in becoming a more electric, autonomous and connected organization, now and into the future. View the full article

Today, General Motors announced plans to invest more than $46 million at its Parma, Ohio, metal stamping operation. This investment will be used for equipment upgrades and to prepare the facility to support future product programs. Parma produces sheet metal stampings and assemblies for multiple GM product programs. The renovation work will begin immediately at the facility. View the full article

Today, General Motors announced a new community charging program to install up to 40,000 Level 2 EV chargers across the U.S. and Canada. GM and its dealers will work together to expand access to charging in local communities including in underserved, rural and urban areas where EV charging access is often limited. This initiative, which begins in 2022, is part of GM's recently announced commitment to invest nearly $750 million to expand home, workplace and public charging infrastructure through its Ultium Charge 360 ecosystem. View the full article

General Motors Co. (NYSE: GM) announced today it has reached an agreement under which LG Electronics Inc. will reimburse GM for costs and expenses associated with the recall of Chevrolet Bolt EVs and EUVs due to manufacturing defects in battery modules supplied by LG. View the full article

Set your watch. The worldwide reveal of the all-new 2023 Chevrolet Corvette Z06 will be shown on Oct. 26 at 12 p.m. EDT. The feature film will be followed by a panel discussion featuring a variety of individuals who will bring a unique perspective to this new supercar that will put the world on notice. Viewers may tune in at www.chevy.com/Z06. View the full article

A unique partnership has been created for the Department of Mass Media Arts students, a Division of Communication Arts at Clark Atlanta University interested in covering the automobile industry. Dubbed The Driving Force (TDF), founding members of the Black Automotive Media Group (BAMG) recruited 15 scholars to participate in the 10-week, virtual, field-credit internship, which incorporates mentoring sessions, writing classes, video production and media courses. View the full article

GM Defense LLC, a subsidiary of General Motors, today announced that Lieutenant General (Retired) John “JD” Johnson has joined the company’s growing leadership team as vice president of Business Development. Johnson will be responsible for identifying growth opportunities among military and government customers that align with GM Defense’s core capabilities, including integrated vehicles, power and propulsion, and mobility and autonomy. He will also lead customer engagements and develop strategic plans to win competitive pursuits in the defense and government markets in the United States and a

General Motors Co. (NYSE: GM) today provided a detailed roadmap of how the company plans to double its annual revenue and expand margins to 12 to 14 percent by 2030, as a result of GM’s transformation into a growth company driven by EVs, connected services and new businesses. View the full article

General Motors Co. (NYSE: GM) meets with investors today and tomorrow to detail its plans to double annual revenues by the end of the decade while growing EBIT-adjusted margins as it transitions to an all-electric future. GM has already announced plans to invest $35 billion through 2025 in all-electric and autonomous vehicles and launch more than 30 new EVs globally. View the full article

Today, General Motors unveiled Ultra Cruise, an all-new, advanced driver-assistance technology and significant next step in the company's journey to enable its goal of zero crashes, zero emissions and zero congestion. Designed to ultimately enable hands-free driving in 95 percent of all driving scenarios, Ultra Cruise eventually can be used on every paved road in the U.S. and Canada. View the full article

General Motors (NYSE: GM) and GE Renewable Energy (NYSE: GE) today announced they have signed a non-binding Memorandum of Understanding (MoU) to evaluate opportunities to improve supplies of heavy and light rare earth materials and magnets, copper and electrical steel used for manufacturing of electric vehicles and renewable energy equipment. View the full article

General Motors Co. (NYSE: GM) announced today that transformational technology leader Aneel Bhusri, the co-founder, co-CEO and chairman of Workday, Inc., is joining its Board of Directors. View the full article

General Motors today named Edward Kummer as chief digital officer, effective Oct. 16. Kummer will be responsible for building and delivering a holistic digital business guided by GM’s Growth Strategy, leading a newly formed Digital Business team, and accelerating software investments that will redefine consumer expectations. He will report to GM President Mark Reuss. View the full article