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GM to Invest $20.5 Million Across Three CCA Facilities to Prepare for Industry Growth, EV Readiness

GM also announced a total investment of $6.5 million at its Michigan-based Ypsilanti Processing Center and Davison Road Processing Center.

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GM, Ford in Electric Grid-Backing Partnership

‘Virtual power plant’ initiative could also benefit automotive industry.

GM Asks Treasury to Classify its Cadillac Lyriq as an SUV

Without an SUV classification, the Cadillac Lyriq exceeds the price threshold for federal tax credits for EVs.

U.S. EV Sales Spiked in 2022

U.S. electric vehicle purchases climbed to 5.8% of all vehicles sold in 2022, up from 3.2% in 2021, according to Motor Intelligence.

Ford Reports 2% Decline in Sales for 2022

The Detroit automaker sold 1.86 million vehicles in 2022, down from 1.91 million in 2021.

Stellantis Reports 6th Quarter of Sales Declines

In the fourth quarter, Stellantis reported new vehicle sales declined 16% to 347,669 vehicles.

U.S. Energy Department Finalizes Loan for GM Battery Venture

The U.S. Energy Department finalized a $2.5 billion loan to a joint venture of General Motors Co. and LG Energy Solution for three lithium-ion battery cell manufacturing facilities.

Ford Moves to Build More Components for EVs

Building more parts in-house rather than purchasing them from other suppliers makes financial sense and retains jobs, said CEO Jim Farley.

Ford Motors and GM Race to Capture EV Market

The automakers take two very different approaches to EV production but with many of the same goals in mind.

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Incomplete-Car Inventory Should Be Eliminated

Ford, GM say they’ll ship unfinished vehicles by year’s end as supply issue eases.

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