In a statement, South Korea’s LG Chem and General Motors Co disclosed, they plan on investing $2.3 billion to build an electric vehicle battery cell joint venture plant in Ohio, in what is stated to be one of the biggest battery facilities in the world. The plant, which will be built near GM’s closed assembly…
Having acquired Opel from GM, Peugeot SA is now banking on the expertise of Opel’s engineers to surge back in the race of automated, autonomous self-driving vehicles. In a significant development, Carlos Tavares, the CEO of French automaker Peugeot SA disclosed that it will capitalize on Opel’s engineering know-how to develop electric vehicles and re-enter…
GM’s interest in fully automated autonomous cars comes from the fact that “several hundred thousands of dollars” can be generated in revenue from the lifetime of one in comparison to an average $30,000 for one of its traditional vehicles. Executives from General Motors Co disclosed that the automaker is seeking approval from the U.S. government…
In a historic development, a U.S. senate panel has overwhelmingly approved a bill aimed at reducing the time gap before robotic self-driving cars are deployed on U.S. roads. In a development that will lend further momentum to automakers, a U.S. Senate panel has unanimously approved a bill aimed at speeding the deployment of self-driving vehicles…
While Hyundai Motor has focussed on fuel cell technology, its peers including Tesla, have surged ahead in battery technology. On Thursday, Hyundai Motor Co disclosed it would be launching a long-range electric vehicle featuring a driving range of at least 311 miles (500 km) per charge after 2021. The annoucement is aimed at addressing investor…
An analysis of their expenses show, despite similar spending patterns, GM’s resource management and financial planning strategy has resulted in the company releasing far more new and redesigned vehicles than Ford. Although James Hackett spent the whole of last year strategizing on Ford Motor Co’s long-term self-driving car strategy, in his first week as the…
It is to be seen whether the early bird gets the worm or whether Tesla Model 3 can still beat the Bolt despite its head start. Introduced at CE 2016, the reasonably priced yet high ranged Bolt EV has finally arrived. The delivery of the car to a dealership in Fremont, California is a milestone…
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